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 > RML move

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Post by Casper41on Mar 10, 2022 9:06am

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Post# 34502486

RML move

Perhaps it's connected with the fact (I heard) that Biden is talking to the VZ's about oil. I always felt that he would be likely to take a more conciliatory approach to them than DT. Remember, RML are owed $1B by VZ and this is a now uncontested award (not a claim). This is 26 times the current sp; even more as it's in US$. The Agapov's are of course Russian but depending on their connections with Putin, may not be relevant. GLA

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Mining play provides exploration update