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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
Post by JeremyBauherkon Mar 26, 2019 11:38am
192 Views
Post# 29536771

As it pertains to RML, ...

As it pertains to RML, ......Venezuela did come to an agreement with Rusoro in Dec, 2018, regarding the U.S. $1.28B+ judgment, to begin $100M installments in January 2019. A first installment that CEO Agapov confirms has been depostied in a Canadian Bank but whose assets were immediately frozen by the bank due to concerns regarding U.S sanctions against Venezuela. Just to have some fun, once that money has been freed, what does that value RML? For starters, and in full consideration of their debt.
Bullboard Posts

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