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.

TSXV:RML - Post by User

Rusoro Mining Ltd

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Comment by misterz26on Aug 31, 2016 9:27am

54 Views

Post# 25194602

RE:RE:Price of Gold going down

knowsnothing wrote:

misterz26 wrote: It can also explain why RML sp has been moving down this week.

We all know it will rebound and gold stock will go up again. We have a special story in that we will follow GRZ suit and we will sign a deal with Venezuela sooner or later and whatever happens to GRZ in the next 2 months will serve as a benchmark to our success story.

I agree with you. If Venezuela pays the first tranch of its fine in october, then it's a go for RML

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