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 Qwertymchertyon Jan 31, 2019 12:30pm

101 Views

Post# 29301796

RE:RE:RE:Venezuela A Mess....

The award that's being discussed is the 2016 decision. Not the 2017 agreement. Basically it's saying that the award for Rusoro in 2016 can no longer be given. This does not affect whatsoever the 2017 agreement. I love how people panic sold (I bought more) because literally nothing has changed. Chances are we were never going to get anything awarded to us. This Paris ruling has absolutely no effect on the 1B agreement between Rusoro and Venezuela. Now the only thing that has changed is that Rusoro can't ask for the agreement AND the award.

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