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 > you better

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Comment by SilverSamon Jul 15, 2023 2:52am

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Post# 35542357

RE:RE:RE:RE:RE:you better

The stock price definitely has momentum right now. However, just the fact that CEO Agapov keeps inviting the government to the table for a negotiated settlement (see latest RML press release) suggests that he is willing to accept far less than what the courts have awarded RML. It also may suggest that he is fully aware that this matter could get prolonged for yet another extended period of time, and also the possibility that there might not be much left of the pie once RML gets its calling card.

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