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 > Citgo Parent Allowed by Judge to Reissue Stock Certificate

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Comment by astonbayon Nov 30, 2023 4:38pm

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Post# 35762131

RE:RE:RE:RE:Citgo Parent Allowed by Judge to Reissue Stock Certificate

I'm not sure about the exact position of Gold Reserve. All I know is that they're in the top 10 and behind Rusoro. Both companies are highly likely to get paid from the Citgo auction but I prefer Rusoro a bit more because it's ahead in line and will receive at least $400 million more. I believe it's $1.4 billion USD for Rusoro and $1 billion USD for Gold Reserve.

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