Rusoro Mining Ltd V.RML

Alternate Symbol(s): RMLFF

Metals & Mining Gold

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.

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Rusoro Mining Ltd

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Comment by COREDIGGERon Sep 22, 2011 9:13am

200 Views

Post# 19070647

RE: RE: RE: RE: IMHO

If Rusoro came out and said Venezuela has come out and taken over the mines ... we are uncertain of our status ... than it would have been material ... hence the halt. IIROC wanted clarification. In this case, the positive news is pretty much what was already out there ... so it shouldn't have an effect (as you've pointed out. Although it's the first time we see the company confirming that they are in discussion and compensation is being discussed in a news release... so we may see a positive upside Itoday IMHO.

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