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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.


TSXV:RML - Post by User

Rusoro Mining Ltd > Exntesion of Citgo's protection does not affect the auction
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Comment by GoldenOrbon Oct 19, 2023 1:53pm
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Post# 35691296

RE:RE:Exntesion of Citgo's protection does not affect the auction

RE:RE:Exntesion of Citgo's protection does not affect the auctionIt's good news either way.  We realize that to bring Venezuela to it's once very productive 3 million b/d won't happen soon, but with iron clad agreements investment can move forward.  Maduro has (given every barrier) survived & has agreed to power share & run clean over-sight elections.  The neglected infrastructure is in a shambles, requiring Big Oil investment.  Which will be very cautious at the least.  Yet Venez. is flaring massive amounts of natural gas that can be harvested immediately.
I believe Shell is moving to do that soon.  This all is good news for Citgo debtors with RML close to the top of the queue.  
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