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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

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Post by Power4Playon Jan 23, 2019 4:26pm
130 Views
Post# 29272651

Canada recognizes new leader of Venezuela

Canada recognizes new leader of VenezuelaCTVNews.ca's Josh Dehaas, with files from CTV's Michel Boyer Published Wednesday, January 23, 2019 3:12PM EST Last Updated Wednesday, January 23, 2019 4:09PM EST Canada will recognize the newly self-declared leader of Venezuela, CTV News has learned. ''In front of thousands of supporters, National Assembly Leader Juan Guaido declared himself interim president on Wednesday, something that he says is his right under the countrys constitution. U.S. President Donald Trump also immediately recognized Guaido, saying in a written statement that he represents the only legitimate branch of government duly elected by the Venezuelan people. Colombian President Ivan Duque, Brazilian President Jair Bolsonaro and Argentinian President Mauricio Macri quickly expressed their support for Guaido as president until new elections are held. Foreign Affairs Minister Chrystia Freeland said earlier this month that Nicolas Maduro had seized power through fraudulent and anti-democratic elections. "The Maduro regime is now fully entrenched as a dictatorship," Freeland said at the time. "The suffering of Venezuelans will only worsen should he continue to illegitimately cling to power." Socialist Maduro declared victory last May following an election in which popular opponents were banned. His inauguration was boycotted by nearly every country except Cuba and Bolivia. Once the richest country in South America, Venezuela has been plunged into poverty and is suffering from severe shortages of food, health care and other services. An estimated 2.3 million people have fled. Canadas Conservative opposition also supports Guaido. Foreign affairs critic Erin OToole and ethics critic Peter Kent issued a statement on Tuesday saying the party stands with them in opposing the extreme socialist policies that have led to the starvation and suffering of millions of citizens in a country that holds tremendous promise. We urge the OAS to work with National Assembly President Juan Guaido and members of the National Assembly to support their efforts for free and fair elections, the statement goes on. Link: https://www.ctvnews.ca/canada/canada-recognizes-new-leader-of-venezuela-1.4265969
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