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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

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

Bullboard Posts
Post by zukuenftigeron Nov 14, 2018 6:48am
164 Views
Post# 28970277

Venezuela to boost gold production in spite of U.S. sanction

Venezuela to boost gold production in spite of U.S. sanction

CARACAS, Nov. 9 (Xinhua) -- Venezuelan President Nicolas Maduro said Friday that his administration will continue to boost the production of minerals, and gold in particular, in spite of sanctions imposed by the United States.

"Venezuela will never follow the orders of the U.S. empire and Venezuela will continue to produce gold," Maduro said, referring to the latest sanctions imposed by Washington on Venezuela.

Earlier this month, the U.S. President Donald Trump slapped new sanctions against Venezuela, barring U.S. citizens and entities from involvement in the gold export trade with the country

"It may sound crazy" to prohibit the country from producing and selling gold, said Maduro, adding that Venezuela will continue to "obtain important gains in gold for public education, public health and people's housing."

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