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 Drillheadedon Oct 19, 2018 2:03am

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Post# 28832600

RE:VZ needs Rusoro Mining

ratte177 wrote: Why should one get money from someone else when it is in the ground? More than 300 tons of gold in the ground of VZ !!! That's about $ 400 billion. And what do they need? Rusoro Mining !!!

Yes they need Rusoro Mining but they also need China more than anything. Without China's backing they cannot clear the arbitration award that's hanging over the to mines. This needs to be cleared out of the way first before at restart in which they ALSO need China.

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