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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
Comment by AnakinPadmeon Dec 12, 2018 6:02pm
134 Views
Post# 29106288

RE:Same stuff it’s worded a little differently

RE:Same stuff it’s worded a little differently

Once again, disappointing to hear this from the press before the company:

"But the Canadian mining company is not the only poised to collect Venezuela a huge sum from Venezuela, since the Nicols Maduro regime also violated a USD $1.3 billion agreement reached in October with Vancouver’s Rusoro Mining.

Now both companies have sought orders from US courts to auction off Citgo’s parent company, which is indirectly owned by Venezuela through state oil-producer PDVSA."

Bullboard Posts