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Rusoro Mining (RMLFF)

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Last Post: 1/31/2019 12:45:42 PM - Followers: 4 - Board type: Free - Posts Today: 0


Gold Production, Development and Exploration

Rusoro Mining is a gold producer and explorer, with a large land position in the prolific Bolivar State mining region in southern Venezuela.

Rusoro's corporate strategy is to become a mid-tier (>500,000 oz Au/yr), low cost gold producer in the near term. The Company operates the Choco 10 mine (formerly operated by Goldfields) and the Isidora Mine which are located the El Callao district in south-eastern Venezuela. Production Guidance for 2010 for the two mines combined is 110,000 oz Au.

Rusoro completed a Preliminary Assessment for a significant production expansion at the Choco 10 Mine and Mill in Q2 2009. The Company received very favourable economics in the PA study and has subsequently commissioned a Feasibility Study. 

The Feasibility Study and ultimately the expansion plans will include the Increible 6 deposit located 6km from the Choco 10. Additionally the Company will continue to advance the San Rafael/El Placer(SREP) project toward future inclusion into the Company's production profile. The Company has recently received a positive pre-Feasibility study for SREP and has completed a 1.5km access ramp to the main mineralized zones of the deposit.

Rusoro has current gold reserves of 2,391,000 oz, M&I gold resources of 10,730,000 oz and inferred resources of 6,805,000 oz.

Rusoro's management are experienced operators in the country with strong governmental relationships, having been named the partner of choice with the formation of VenRus, a "mixed enterprize" company to jointly operate the Isidora Mine and La Camorra mill.





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#31   It also creates a partnership between the parties klimanjaro 01/31/19 12:45:42 PM
#30   Posted by Rocketred... jobynimble 10/19/18 08:23:54 PM
#29   I think I would rather be paid in buxmaker 10/11/18 03:08:35 PM
#28   If they got the money in actual cash petermic 10/11/18 02:16:41 PM
#27   any idea what the stock should be worth buxmaker 10/11/18 01:39:01 PM
#26   Big news. Venezuela offered a $1.2 billion settlement. petermic 10/11/18 12:36:43 PM
#25   shouldn't this be a buck after the verdict news? madras50 08/24/16 12:11:16 AM
#24   President Nicolas Maduro said on Tuesday that Venezuela stockaudit 08/23/16 06:47:49 PM
#23   Maduro said he expected $20 billion in mining stockaudit 08/23/16 06:47:18 PM
#22   Rusoro says awarded $1.2 billion over Venezuelan seizure stockaudit 08/23/16 06:46:54 PM
#21   $ RMLFF :$20 billion in mining investment contracts stockaudit 08/23/16 06:46:30 PM
#20   Canadian miner Rusoro awarded over $1 bln stockaudit 08/23/16 06:41:00 PM
#19   Canadian miner Rusoro awarded over $1 bln in stockaudit 08/23/16 06:38:50 PM
#18   Rusoro says awarded $1.2 billion over Venezuelan seizure stockaudit 08/23/16 06:38:09 PM
#17   Maduro says Venezuela signs $4.5 bln mining deals, stockaudit 08/23/16 06:35:57 PM
#16   $ RMLFF :$20 billion in mining investment contracts .... stockaudit 08/23/16 06:35:16 PM
#15   $RMLFF recent news/filings stocktrademan 12/16/15 08:22:56 AM
#14   RMLFF is smells like a winner kranthikumar 08/29/13 10:04:25 AM
#13   RMLFF Is smells like a winner kranthikumar 08/28/13 10:25:52 AM
#12   With Chavez health failing maybe our lawsuit will b4atf 12/31/12 11:07:38 AM
#11   Rusoro is getting some traction. That's nice to see. b4atf 11/01/12 01:08:53 PM
#10   News from the company this year: Pro-Life 12/23/11 02:34:24 PM
#9   This may be a buy point... Pro-Life 11/07/11 04:50:42 AM
#8   Tomorrow could be ugly... be careful out there. Pro-Life 08/07/11 03:07:57 PM
#7   Rusoro Mining Reports on its Loan Repayment Status Pro-Life 06/14/11 07:18:20 PM
#6   For the week: -18.52% Pro-Life 06/12/11 09:26:18 PM
#5   -9.09% is the scorecard for the week... Pro-Life 04/17/11 08:55:26 PM
#4   I have no position in this stock, and Catchme4 03/14/11 04:23:20 PM
#3   ??? ????? Catchme4 02/23/11 05:59:23 PM
#2   Looks like a year long c&h forming... Pro-Life 02/05/11 08:12:52 PM
#1   A producer but a penny stock... not for long!!! Pro-Life 01/03/11 10:19:40 PM