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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 Drillheadedon Jan 17, 2019 9:14pm
122 Views
Post# 29249157

RE:Gold Reserve Inc. payments...

RE:Gold Reserve Inc. payments...I agree. It's hard to comprehend how a "small" payment of 100 mill can cause this much trouble. Why is our bank so apprehensive when other companies in the same position as us have no similar issues !!?? As another poster mentioned I too hope the lack of news are because of something bigger being worked on behind the scenes. All said I'm stunned how this has unfolded and how much problems we have encountered. Surely management and their lawyers could and should have foreseen these things when they entered into the agreement. They have had years to prepare for this day so management kind of looks like amateurs at the moment. 
Bullboard Posts