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 > fyi

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Comment by Amadeuson Jul 21, 2023 4:36am

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Post# 35550996

RE:RE:fyi

Hi Sam. Yes, 'they're taking from the resources of an impoverished nation' but the irony is that the natural resources of this nation are some of the most valuable in the world. It's largely the total economic failure of the administrations over the last 10/15 years which have crippled and dispersed the Venezuelan people. Not saying US sanctions have helped. If Crystallex and Rusoro get payouts, is this money which would otherwise go towards helping the poor of VZ ? I doubt it. C41.

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