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 Goldddddon Nov 29, 2018 2:49pm

144 Views

Post# 29041154

RE:RE:RE:RE:Last close before payment

You should call the IR at Rusoro. They haven't received the payment yet. And even if they receive it tomorrow, it will take some to time in clearance and showing up in their account.

I am not saying they won't receive the payment, this is the best deal Venezuela can get i.e.
5 years payback period with a JV potential and making money from partnership
instead of screwing the agreement and RML proceeding with the case...which is extremely easy to prove now after Crystallex.

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