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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

Post by Amadeuson Dec 18, 2023 6:26am
339 Views
Post# 35789261

A little Caesar's last stand.

A little Caesar's last stand. Maduro's recent politically motivated sabre rattling regarding reclaiming oil rich Essequibo from Guyana which has owned the territory for over 200 years, has strains of Putin's Ukraine disaster. VZ voters in the recent referendum (50% turnout) were in favour of establishing a separate state there. Could some action have any bearing on the Citgo position ? Given that the International Court of Justice has ruled any 'annexation' illegal and the US would be totally antagonistic to such an action,
I would have thought that even the possibility of it happening would hinder any chance of the auction not going ahead fully as planned.  Any views ?
Happy Christmas/NY plap, aston and all.
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