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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Post by zukuenftigeron Oct 30, 2018 5:38pm

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Post# 28897559

interesting article from last month

Venezuelan President Nicolas Maduro, who is in China on a four-day state visit, says he has secured new funding from Beijing for his countrys trouble-hit oil industry as well as other sectors. There are financing commitments to increase oil production, gold production, as well as investment in more than 500 development projects within Venezuela, Maduro told Venezuelan state television VTV from China on Saturday. https://www.presstv.com/Detail/2018/09/16/574274/Venezuela-China-Maduro-oil

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