Rusoro Mining Ltd.
Rusoro Mining Ltd.

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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News


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October 19, 2018
Rusoro Mining Executes Settlement Agreement with Bolivarian Republic of Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has executed a settlement agreement ("Settlement Agreement") with the Bolivarian Republic of Venezuela ("Venezuela") by which Venezuela agrees to pay Rusoro over ...
October 11, 2018
Rusoro Mining has Received a Settlement Proposal from the Bolivarian Republic of Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has agreed on the terms of a settlement proposal ("Settlement Proposal") with the Bolivarian Republic of Venezuela ("Venezuela") by which Venezuela agrees to pay Rusoro over US$1.28 billion to acquire the Company's mining data and for full release of the arbitral award (the "Award") issued in favor of the Company in August 2016 by a tribunal constituted pursuant to the Additional Facility of the Interna...
June 27, 2018
Rusoro Grants Stock Options

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro")   announces that it has granted an aggregate of 11,375,000 stock options under the Company's stock option plan to insiders, employees and consultants of the Company with an exercise price of $0.075 per stock option, exercisable for a period of ten years from the date of grant, subject to approval of the TSX Venture Exchange. ...
May 08, 2018
Rusoro Mining Files New Proceedings to Enforce US$1.34 Billion Award Against Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that on May 7 and 8, the Company filed lawsuits in Houston and Calgary in connection with its ongoing effort to enforce judgments totaling approximately US$1.34 billion entered
March 14, 2018
Rusoro Mining Wins Key U.S. Court Ruling Confirming Arbitration Award

Vancouver, Canada -- On August 16, 2017, an arbitration tribunal convened under the Canada-Venezuela Bilateral Investment Treaty found that the Republic of Venezuela had unlawfully expropriated the gold mining assets of Rusoro Mining Ltd. ("Rusoro") , a Canadian mining corporation. The arbitral tribunal ordered Venezuela to compensate Rusoro in the amount of US$967.77 million, plus interest. With interest, the total amount due today is in excess of US$1.3 billion. Venezuela has r...
February 19, 2018
Rusoro Mining Clarifies Terms of Funding Agreement

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") reports that further to its news release dated January 16, 2018, the US$7M in financing is being provided in return for a portion of any settlement the Company may receive from its arbitration award against the Venezuelan government. The loan and associated fee shall only become payable upon a final settlement of the arbitration claim. ...
January 29, 2018
Rusoro Grants Stock Options

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has granted an aggregate of 4,725,000 stock options under the Company's stock option plan to insiders, employees and consultants of the Company with an exercise price of $0.08 per stock option, exercisable for a period of ten years from the date of grant, subject to approval of the TSX Venture Exchange. ON BEHALF OF THE BOARD "Andre Agapov" Andre Agapov, President & CEO ...
January 16, 2018
Rusoro Mining Completes Funding Agreement and Ramps Up Enforcement and Collection Efforts

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") is pleased to announce that it has closed on a Funding Agreement that provides the Company with additional litigation funding of up to USD $7M. The Company intends to use the funds in its continuing efforts to enforce the USD $1.3 billion arbitration award it was awarded as a result of Venezuela's unlawful expropriation of its mining operations in that country. Venezuela has steadfastly refused to pay the arbitration awa...
September 07, 2017
Rusoro Retains Enforcement Specialists

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has engaged King & Spalding LLP, a leading U.S.-based law firm recognized for its expertise in the enforcement of international arbitration awards and experience resolving large international disputes, to lead the Company's effort to enforce its US$1.2 billion award issued on August 22, 2016 by the Arbitration Tribunal operating under the Additional Facility Rules of the World Bank's International Centr...
February 03, 2017
Rusoro Announces Promissory Note Financing Of U.S. $5,500,000, Closing Of Transfer Of Existing Debt And Appointment Of New CFO

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has raised an aggregate of U.S. $5,500,000 (the " Subscription Amount ") through the issuance of non-interest bearing promissory notes. The notes will become due and payable as to three times the Subscription Amount on the date that is ninety (90) days from the date that Rusoro receives its first payment from the Bolivarian Republic of Venezuela in respect of the award (the " Award ") issued on...
August 23, 2016
Rusoro Awarded US$967.77 million by an ICSID Additional Facility Tribunal for the Expropriation of its Investments in Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") welcomes the award (the "Award") issued on August 22, 2016 by the Arbitration Tribunal ("Tribunal") operating under the Additional Facility Rules of the World Bank's International Centre for the Settlement of Investment Disputes ("ICSID") in the arbitration brought by Rusoro against the Bolivarian Republic of Venezuela ("Venezuela"). The Tribunal awarded the Company damages of US$967.77 million plus pre and post-award in...
March 01, 2016
Rusoro Appoints New Chief Financial Officer

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") (TSXV: RML) announces the appointment of Harpreet Dhaliwal as Chief Financial Officer and Corporate Secretary of the Company. Ms. Dhaliwal is a Chartered Accountant with over 8 years' experience in the resource sector. She is Vice President of Fiore Management & Advisory Corp., a private financial advisory firm and also serves as Chief Financial Officer of several junior natural resource companies. Previously, she w...
June 25, 2015
Rusoro Provides Update On Status Of International Arbitration

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") (TSXV: RML) announced today that the parties have completed their oral and written submissions in Rusoro's arbitration against the Bolivarian Republic of Venezuela before the World Bank's International Centre for Settlement of Investment Disputes ("ICSID"), in accordance with the provisions of the Canada-Venezuela Bilateral Investment Treaty ("BIT"). Rusoro's claims allege violations by Venezuela of several guarantees ...
January 23, 2014
Rusoro Adopts Advance Notice Policy

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") (TSXV: RML). announces that at its Annual General and Special Meeting which was held on December 4, 2013, its shareholders voted to adopt a new form of Articles which will provide the Company with greater flexibility for future corporate activities. The main change from the Company's existing articles is the inclusion of the advance notice provisions. (the "Advance Notice Provisions"). The Advance Notice Provisions inc...
September 06, 2013
Rusoro Announces Full Revocation Of Cease Trade Orders, Resumption Of Trading, Appointment Of CFO, Resignation Of Director And Stock Option Plan

Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro") (TSXV: RML). Further to its news release dated August 19, 2013, the Company announces that the British Columbia Securities Commission, the Ontario Securities Commission and the Autorité des Marchés Financiers have granted full revocations of the cease trade orders issued by each of them against the Company. Rusoro has been advised by the TSX Venture Exchange ("Exchange") that its shares are expected to be reinstated for ...
August 19, 2013
Rusoro Announces Filing Of Its Annual And Q1 Financial Statements On Sedar

Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro") (TSXV:RML) announces that it has filed its annual financial statements for the year ended December 31, 2012 and its Q1 financial statements for the period ended March 31, 2013. The financial statements and related MD&A will be available on SEDAR and on the Company's website at www.rusoro.com . Rusoro has applied to the Securities Commissions to...
May 21, 2013
Rusoro Announces Delay In Filing Its Annual Financial Statements

Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that filing of its annual financial statements for the year ended December 31, 2012 has been delayed, pending the issuance of an unqualified opinion by the Company's auditors. As a result, the Company understands that a cease trade order will be issued by the British Columbia Securities Commission at the close of business on May 21, 2013. As a result of the nationalization of the Company's ongoing operation...
March 21, 2013
Rusoro Mining Ltd. Submits US$ 3.03 Billion Arbitration Claim Against Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (TSXV:RML) announced today it has filed the Statement of Claim in its arbitration against the Bolivarian Republic of Venezuela before the World Bank's International Centre for Settlement of Investment Disputes ("ICSID"), in accordance with the provisions of the Canada-Venezuela Bilateral Investment Treaty ("BIT"). Rusoro's claims allege violations by Venezuela of several guarantees of the Canada-Venezuela BIT, including by expropriating its investments ...
October 17, 2012
Rusoro Completes Gold Reserve Settlement

Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro"). Further to the Company's news release of September 20, 2012 announcing the settlement of all legal proceedings involving Gold Reserve Inc. ("Gold Reserve"), the Company announced today that an order has been obtained from the Ontario Superior Court of Justice dismissing the legal action brought by Gold Reserve against Rusoro, and the counterclaim brought by Rusoro against Gold Reserve. Rusoro has paid Gold Reserve $250,...
September 20, 2012
Rusoro Settles Litigation With Gold Reserve

Vancouver, Canada - Rusoro Mining Ltd. (the "Company") The Company announced today that it has settled all legal proceedings involving Gold Reserve Inc. ("Gold Reserve"). Under the settlement, an order will be obtained from the Ontario Superior Court of Justice dismissing the legal action brought by Gold Reserve against Rusoro, and the counterclaim brought by Rusoro against Gold Reserve. Rusoro has agreed to pay Gold Reserve $250,000, issue Gold Reserve 2,500,000 common shares at a dee...
July 17, 2012
Rusoro Files International Arbitration Against the Venezuelan Government

Rusoro Mining Ltd. ("Rusoro" or "the Company") announced today that it has filed a Request for Arbitration before the Additional Facility of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against the Bolivarian Republic of Venezuela ("Venezuela") pursuant to the Agreement between the Government of Canada and the Government of the Republic of Venezuela for the Promotion and Protection of Investments (the "Treaty"). The arbitration has been commenced follo...
June 15, 2012
Rusoro Reports Closing of Arbitration Costs Financing

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") Rusoro is pleased to announce that on June 15, 2012 it entered into a litigation funding agreement with a subsidiary (the "Funder"), of the Calunius Litigation Risk Fund LP (the "Fund"). Calunius Capital LLP is the exclusive investment advisor to the Fund which specializes in funding commercial litigation and arbitration claims. Calunius Capital LLP is authorized and regulated by the Financial Services Authority of the United...
April 30, 2012
Rusoro Reports 2011 Financial Results and Provides Update on the Nationalization of its Mining Assets

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") Rusoro reports its financial results for the year ended December 31, 2011 and provides update on the Nationalization of its Mining Assets. The Company's audited consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2011 have been filed on SEDAR ( www.sedar.com ). All amounts set out in th...
March 14, 2012
Expiration of Negotiation Period with Venezuelan Government for Nationalization

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") reports the following: The extended deadline of the period fixed by the Nationalization Decree No. 8413 to negotiate the compensation due to Rusoro and the terms of the migration of Rusoro's mining assets to a Mixed Enterprise to be controlled by the Venezuelan Government will expire as of the end of day to...
February 27, 2012
Positive Feasibility Study on Expansion of Choco Mine to 20,000 Tonnes per Day Completed

VANCOUVER, B.C. -- Andre Agapov, President and CEO of Rusoro Mining Ltd ("Rusoro" the "Company") is pleased to provide details on the recently completed positive feasibility study (the "Study") on the expansion of the Choco Mine to 20,000 tonnes per day. The Study was conducted by Micon International Limited ("Micon") in association with Ausenco and Knight Piésold, ...
January 27, 2012
Rusoro Grants Incentive Stock Options

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") Rusoro has granted incentive options under its Stock Option Plan to certain directors, officers and employees for the purchase of a total of 11,000,000 shares in the capital of the Company. The options are exercisable on or before January 26, 2017 at a price of (CAD) $0.14 per share, being the closing pri...
December 21, 2011
Venezuelan Government Extends 90-day Negotiation Period

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") reports the following: The 90-day period fixed by the Nationalization Decree No. 8413 to negotiate the compensation due to Rusoro and the terms of the migration of Rusoro's mining assets to a Mixed Enterprise to be controlled by the Venezuelan Government and which expired on December 15, 2011 has been exte...
December 16, 2011
Rusoro Provides Update on the Nationalization

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") reports the following: The 90-day negotiation period fixed by the Nationalization Decree No. 8413 to negotiate the compensation due to Rusoro and the terms of the migration of Rusoro's mining assets to a Mixed Enterprise to be controlled by the Venezuelan Government expired on December 15, 2011. The ...
November 29, 2011
Rusoro Reports Q3 2011 Financial Results and Termination of Gold Export Permits and Provides Update on the Nationalization

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") Rusoro reports its financial results for the three months ended September 30, 2011 ("Q3 2011"). The Company's consolidated financial statements and management's discussion and analysis ("MD&A") for Q3 2011 have been filed on SEDAR (www.sedar.com). All amounts set out in this news releas...
September 22, 2011
Rusoro Gives Update on New Gold Industry Law

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") reports the following; On August 23, 2011, President of Venezuela Hugo Chavez Frias approved a decree with force of organic law ("the Decree") which reserves to the State of Venezuela ("the State"), exclusive rights for the extraction of gold in Venezuela. On August 24, 2011, the organic status of the decr...
August 30, 2011
Rusoro Reports Q2 2011 Financial Results

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") Rusoro reports its financial results for the three months ended June 30, 2011 ("Q2 2011"). The Company's consolidated financial statements and management's discussion and analysis ("MD&A") for Q2 2011 have been filed on SEDAR ( www.sedar.com ...
August 18, 2011
Rusoro Responds to Comments Concerning Venezuelan Gold Sector

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") wishes to clarify that it has had no indication from the Government of Venezuela, of any changes to the Company's operations in regards to certain statements in the media concerning nationalization of gold projects in Venezuela. The statements quoted referenced the Venezuelan Government's wish to control serious ongoin...
June 30, 2011
Rusoro Mining Reports Q1 2011 Financial Results

Rusoro Mining Ltd. ("Rusoro" or the "Company") reports its financial results for the three months ended March 31, 2011 ("Q1 2011"). The Company's consolidated financial statements and management's discussion and analysis ("MD&A") for Q1 2011 have been filed on SEDAR ( www.sedar.com ). All amou...
June 16, 2011
Rusoro Designates Mining Services Contractor for its Choco Mine

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that it has entered into an agreement with Vittoria Limited ("Vittoria"), a Barbados privately-owned company, for the provision of mining services at its Choco Mine in Venezuela. The mining services will comprise loading, hauling and dumping of material but excludes drilling and blasting and will be part of a mining service contract ("Mining Service Contract") to be entered into between Rusoro and Vittoria in the upcoming ...
June 14, 2011
Rusoro Mining Reports on its Loan Repayment Status

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") announces that it has not performed the repayment of its Senior Secured Exchangeable Loan of US$30 million Principal due on June 10, 2011 (The "Loan") and related interest of US$750 thousand. The syndicate of lenders includes Petropavlovsk PLC (The "Agent"), Lansdowne U.K. Equity Fund Limited, Lansdowne U.K. Equity Fund L.P., Lansdowne U.K. Strategic Investment Master Fund Limited, Endeavour Financial Corporation, and BlackRock Natural Resour...
April 18, 2011
Rusoro Mining Reports its 2010 Financial Results

Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the year ended December 31, 2010. The Company's audited consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2010 have been filed on SEDAR ( www.sedar.com ...
November 29, 2010
Rusoro Reports Q3 2010 Results

Rusoro Mining Ltd. ("Rusoro" or "the Company") Q3 2010 consolidated financial statements and management's discussion and analysis ("MD&A") have been filed on SEDAR (www.sedar.com). All amounts set out in this news release are unaudited and in United States Dollars "USD" unless otherwise stated. The Company's highlights for Q3 2010 were: ...
November 22, 2010
Rusoro Exports First Gold Shipment

Rusoro Mining Ltd. ("Rusoro" or "the Company") is pleased to report that the Company's first offshore gold sale has been completed. The Company delivered 4,924.2 ounces of gold to Switzerland for its gold buyer on November 17, 2010 at a spot gold sale price of US$ 1342.5 per ounce less associated costs and commissions. Rusoro's first gold export in accordance with the Central Bank of Venezuela ("CBV") permit which became effective on November 1, 2010, authorized the sale of approximately 50% o...
November 05, 2010
Rusoro Issues Warrants

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") has agreed to issue warrants to an arm's length third party entitling it to purchase up to 12,354,915 common shares at a price of $0.40 per share on or before November 10, 2011. The warrants are being issued as a bonus for funds advanced to Rusoro against the future delivery of gold. The issuance of the warrants is subject to acceptance for filing by the TSX Venture Exchange. ON BEHALF OF THE BOARD "Andre Agapov" Andr...
November 01, 2010
Rusoro Receives Final Permits to Commence Offshore Gold Sales and Begin Mining Activities at the 100% Owned Increible 6 Project

Rusoro Mining Ltd. ("Rusoro" or "the Company") is pleased to report that the permit to initiate the off shore portion of gold sales from the Company's operations has been received and will be effective November 1, 2010. The permit was issued through the Central Bank of Venezuela (CBV) and has authorized the sale of approximately 50% of the gold produced from the Choco 10 and Isidora mines from August 11, 2010 through September 30, 2010 and signals the implementation of the country's new gold s...
September 02, 2010
Rusoro Grants and Re-Prices Incentive Stock Options

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company") has granted incentive options under its Stock Option Plan to certain directors, officers and employees for the purchase of a total of 5,366,000 shares in the capital of the Company. The options are exercisable on or before September 1, 2020 at a price of $0.20 per share, being the closing price of the Company's shares on the TSX Venture Exchange as at today's date. Further, the Company announces that it has re-priced a total of 4,843,824 ...
August 30, 2010
Rusoro Reports Q2 2010 Results

Rusoro Mining Ltd. ("Rusoro" or "the Company") Q2 2010 consolidated financial statements and management's discussion and analysis ("MD&A") have been filed on SEDAR ( www.sedar.com ). All amounts set out in this news release are unaudited and in United States Dollars unless otherwise stated. The Company's highlights for the second quarter of 2010 were: ...
July 06, 2010
Rusoro Announces Updated Resource Estimate for the Choco 10 Deposits with a 78% Increase in Measured and Indicated Ounces to 8.3M oz with an additional 2.8M oz Inferred

Vancouver, Canada - Rusoro Mining Ltd. has received an updated resource estimate for the Choco 10 Deposits which was completed by the independent consulting firm Micon International Limited ("Micon"). The operating Choco 10 Mine, which produced 126,000 ounces in 2009, is located in the El Callao Mining District in southeastern Venezuela. The Project is currently the subject of a Feasibility Study evaluating an expansion of the Choco operations to 20,000 tonnes per day. The Micon independent...
June 22, 2010
Rusoro Announces Second Payment of $13 million Principal of the Restructured Senior Secured Exchangeable Loan

Vancouver, Canada - Rusoro Mining Ltd . ("Rusoro") is pleased to announce that on June 22, 2010 ("Closing Date") it made the second installment of the outstanding restructured senior secured exchangeable loan which was due on July 10, 2010 (the "Loan") as per the definitive Amendment and Restatement Agreement relating to the Loan with Petropavlovsk PLC (formerly Peter Hambro Mining PLC) as lender and agent in respect of the Loan and the other lenders. All amounts in this news release are ...
June 11, 2010
Rusoro Announces Closing of the Restructuring of its Senior Secured Exchangeable Loan and Payment of $20 million Principal and Interest

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that on June 10, 2010 ("Closing Date") it successfully closed the restructuring of its outstanding senior secured exchangeable loan which was due to mature on June 10, 2010 (the "Loan") and has entered into a definitive Amendment and Restatement Agreement relating to the Loan with Petropavlovsk PLC (formerly Peter Hambro Mining PLC) as lender and agent in respect of the Loan and the other lenders. All amounts in thi...
June 03, 2010
Rusoro Announces Restructuring of its Senior Secured Exchangeable Loan

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that it has completed discussions with the lenders in respect of restructuring of its outstanding senior secured exchangeable loan which is due to mature on June 10, 2010 (the "Loan"). All amounts in this news release are in United States dollars unless otherwise stated. R...
June 01, 2010
Rusoro Reports Q1 2010 Results

Rusoro Mining Ltd. ("Rusoro" or "the Company"), is pleased to report its financial results for the three- month period ended May 31, 2010 ("Q1 2010"). The Company's Q1 2010 consolidated financial statements and management's discussion and analysis ("MD&A") have been filed on SEDAR ( www.sedar.com ...
May 11, 2010
Rusoro Receives Pre-Feasibility Report on the SREP Project.

VANCOUVER, B.C. - A positive Pre-Feasibility Study on the San Rafael and El Placer (SREP) Project has been received by Rusoro Mining Ltd. The report was prepared by Whillans Mine Studies Ltd. and includes the development of a life of mine underground mine model on the currently identified indicated resources. The SREP Project currently has National Instrument 43-101 ("NI...
April 30, 2010
Rusoro Announces Management Change

Vancouver, Canada -- Rusoro Mining Ltd. informs that George Salamis will be resigning from his position as President of the Company on May 30th, 2010, however, he will continue to provide consulting services to the Company on an on-going basis, specifically with respect to the further development and expansion of the Choco 10 Mine and Mill, where Rusoro is currently producing...
April 28, 2010
Rusoro Mining Reports its 2009 Financial Results

Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the year ended December 31, 2009. The Company's audited consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2009 have been filed on SEDAR ( www.sedar.com ...
April 15, 2010
Results Received from Underground Sampling at SREP Project

Vancouver, Canada -- Rusoro Mining Ltd. ("Rusoro") is pleased to report the results from recent underground sampling completed on the main mineralized zone at the San Rafael / El Placer (SREP) Project, located in the El Dorado District, Bolivar State, Venezuela. Rusoro completed the 1.5 kilometre underground ramp (4.5 metres wide by 5.0 metres high) in Q1 2010 to access the main (E3 and D) mineralized zones at SREP. Detailed sampling is being completed on the primary structure as part of t...
February 03, 2010
Rusoro Announces Management Change

Vancouver, Canada -- Rusoro Mining Ltd. ("Rusoro" or the "Company") reports that Interim Chief Financial Officer Gary Warnecke will be stepping down and that the Company will immediately promote current Vice President of Finance, Matias Herrero, to the position of Chief Financial Officer as part of an organized and planned transition. As the Vice President of Finance over the last two years Mr. Herrero has played a significant role in the implementation of the overall accounting policies of the...
January 12, 2010
Rusoro Mining Reports on Recent Positive Changes to the Exchange Rate Policy in Venezuela

On Friday, January 8th, Venezuela's President Hugo Chavez Frias decreed a number of financial reforms in a ministerial council meeting. Venezuela modified its currency exchange controls, introducing a two tier system devaluating its currency by 20% and 100% respectively, the first such action taken since March 2005, in an effort to stimulate the Venezuelan economy. In his speech, President Chavez reported that the Bolivar will be devalued to 4.3 per US Dollar from 2.15 per US Dollar applicab...
November 30, 2009
Gold Production Continues to Meet Guidance For 2009 with record low cash cost in Q3 of US$288 per ounce

Rusoro Mining Ltd. ("Rusoro" or "the Company"), is pleased to report its financial results for the three- month period ended September 30, 2009 ("Q3 2009"). The Company's Q3 2009 consolidated financial statements and management's discussion and analysis ("MD&A") have been filed on SEDAR ( ). All amounts set out in this news release are unaudited and in United States Dollars unless otherwise stated. Q3 2009 High...
November 17, 2009
Rusoro Purchases Part of Outstanding Senior Secured Exchangeable Loan

Rusoro Mining Ltd. announces that it has purchased the principal amount of U.S.$20,000,000 dollars of the outstanding U.S.$80,000,000 senior secured exchangeable loan which was issued by a wholly owned Rusoro subsidiary to a syndicate of lenders led by Petropavlovsk PLC (formerly Peter Hambro Mining PLC). Rusoro is a guarantor of the loan. The purchase price paid was U.S.17,000,000 for the principal amount of the loan and U.S.$724,591 for accrued interest to the date of closing for a total of ...
September 11, 2009
Rusoro Mining Receives Exploitation Permit to Bring the Increible 6 Gold Deposit to Production

Rusoro Mining Ltd., ("Rusoro" or "RML") is pleased to report that the Company has received the exploitation permit from the Ministry of Basic Industry and Mines (MIBAM) to begin mining at the Increible 6 gold deposit in the Bolivar State mining region in south eastern Venezuela. The Increible 6 is located approximately eight kilometres from the Company's Choco 10 Mine and Mill where ore from the Increible 6 will be processed. The permit was duly issued to the Corporacion Venezolana de Guayan...
August 25, 2009
Rusoro Mining reports record production of 48,523 ounces of gold for Q2 2009 at record low cash cost of US$322 per ounce

Updates Status of Core Projects Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the three- month period ended June 30, 2009 ("Q2 2009"). The Company's Q2 2009 consolidated financial statements and management's discussion and analysis (MD&A) have been filed on SEDAR ( ). All amounts set out in this news release are unaudited and in United States Dollars unless o...
July 20, 2009
Rusoro Mining Initiates Major Engineering Studies at Choco 10 and San Rafael/El Placer (SREP)

Rusoro Mining Ltd., is pleased to report that it has initiated a feasibility study for a major expansion at its Choco 10 operations and near-by Increible 6 gold deposit and a pre-feasibility study at its SREP gold deposit both of which are located in the Bolivar State region in south eastern Venezuela. Both studies are expected to be completed in the first half of 2010. At Choco 10, the feasibility study comes on the heels of a positive Preliminary Assessment (PA), completed by Micon Interna...
June 01, 2009
Rusoro Mining reports net income of $0.5 million for Q1 2009 and record production of 39,503 ounces of gold

Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the three- month period ended March 31, 2009 ("Q1 2009"). The Company's Q1 2009 consolidated financial statements and management's discussion and analysis (MD&A) have been filed on SEDAR (www.sedar.com). All amounts set out in this news release are unaudited and in United States Dollars unless otherwise stated. Q1 2009 Highlights ...
May 19, 2009
Preliminary Assessment: Production Expansion of Choco 10 shows potential to expand gold production to Over 500,000 oz/yr, with operating costs estimated to be in the world's lowest quartile and robust cash flows.

VANCOUVER, B.C. - George Salamis, President of Rusoro Mining Ltd ("Rusoro" the "Company") is pleased to provide an overview of the results of a recently completed Preliminary Assessment (the "PA" or "the Study"). The PA, also known in the mining industry as a Scoping Study, conducted by Micon International Limited ("Micon") has examined a number of different gold production expansion scenarios sourcing gold resources and reserves from the Choco 10 mine (95% owned) and the near-by Increible 6 (10...
May 01, 2009
Rusoro Mining Reports its 2008 Financial Results

Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the year ended December 31, 2008. The Company's audited consolidated financial statements and management's discussion and analysis (MD&A) for the year ended December 31, 2008 have been filed on SEDAR ( www.sedar.com ). All amounts set out in the Company's financial statements and MD&A are audited and in United States dollars, unless otherwi...
April 28, 2009
Rusoro Mining Ltd. Appoints Chief Operating Officer and VP Corporate Development

Vancouver, Canada - Rusoro Mining Ltd. (the "Company") is pleased to announce the appointments of Mr. Roman Amosov to the position of Chief Operating Officer and Mr. Dmitry Ushakov to the position of VP Corporate Development, effective immediately. Mr. Amosov brings many years of technical and operational mining experience and Mr. Ushakov a strong evaluative and financial background, to the Company's executive management team. Mr. Amosov is a Mining Engineer and graduate from the Mosc...
March 19, 2009
Rusoro Mining Ltd. Closes Equity Financing

Rusoro Mining Ltd. (TSXV:RML) ("Rusoro" or the "Company") announces that it has closed its previously announced overnight marketed public offering in which Canaccord Capital Corporation acted as lead underwriter to a syndicate including GMP Securities L.P. (the "Underwriters"). At the discretion of the Company and the Underwriters, the gross proceeds of the financing have been reduced from the amount previously stated in the Prospectus, to a total of $80,000,400 through the offering of 133,3...
March 15, 2009
Rusoro Responds to Inaccurate Vancouver Sun Allegations

Rusoro Mining Ltd. (the "Company") is issuing this news release in response to an article by David Baines published in the March 14, 2009 edition of the Vancouver Sun. The article falsely implied that authorities in Thailand had charged Mr. Andre Agapov, the Chief Executive Officer and a director of the Company, with participation in a fraud on the Bangkok Bank of Commerce (the "BBC") in the mid 1990s. In fact, no criminal charges have ever been filed against Mr. Agapov, either in Thailand o...
March 10, 2009
Rusoro Clarifies Recent Public Statements

Rusoro Mining Ltd. published a news release on February 23, 2009, and the Company's President, George Salamis subsequently conducted an interview, both of which made reference to project development, mining plans, and future levels of gold production at its various properties. With respect to the San Rafael/El Placer ("SREP") property, the references to "commercial gold production", "ore" and "orebodies'" are retracted, as the Company has not completed a preliminary economic assessment, a prelim...
February 24, 2009
Rusoro Mining Ltd. Announces Terms of C$100,200,000 Equity Financing

Rusoro Mining Ltd. (TSXV:RML) ("Rusoro" or the "Company") announces that in connection with its previously announced overnight marketed public offering on February 23, 2009 (the "Offering"), it has entered into an underwriting agreement with Canaccord Capital Corp. ("Canaccord") to act as sole underwriter and sell 167,000,000 common shares in the Company at a price of C$0.60 per share ("Common Shares") to raise gross proceeds of C$100,200,000 pursuant to a short form prospectus. In addition, th...
February 23, 2009
Rusoro Mining Ltd. Announces Equity Financing

Rusoro Mining Ltd. (TSXV:RML) ("Rusoro" or the "Company") announces that it has filed and obtained a receipt for a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of British Columbia, Alberta and Ontario in connection with a proposed overnight marketed public offering of common shares in the Company ("Common Shares") (the "Offering"). Canaccord Capital Corp. ("Canaccord") has been engaged as sole underwriter in respect of the Offering. The Co...
February 23, 2009
Rusoro Reports Record Gold Production and Cash Costs for January 2009

Provides Operational Targets for 2009 Vancouver, Canada - Rusoro Mining Ltd. is pleased to report that gold production and cash costs remained strong at the Choco 10 Mill for the month of January 2009. The Company is encouraged with the much improved performance at the Choco 10 mill over the past five months and looks forward to this operational trend continuing and to meeting its targets for 2009. Production highlights for January 2009 and operational targets for 2009 include: ...
February 18, 2009
Rusoro Offer For Gold Reserve Expires

Vancouver, Canada -- Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") announced that its offer to purchase all of the common shares of Gold Reserve Inc. (TSX, NYSE-Alt: GRZ) expired today and, because the conditions to its offer were not met, Rusoro will not take up any securities deposited under the offer. All deposited securities will be returned to security holders. About Rusoro Rusoro is a junior gold producer with a large land position in th...
February 10, 2009
Rusoro Withdraws Offer For Gold Reserve

Vancouver, Canada -- Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") announced today that it has withdrawn its offer to purchase all of the common shares of Gold Reserve Inc. (TSX, NYSE-Alt: GRZ) as conditions of its offer can no longer be satisfied as a result of the decision issued today by the Ontario Superior Court of Justice. As a result, the hearing before the Ontario Securities Commission to consider cease trading Gold Reserve Inc.'s shareholders rights plan which was schedul...
February 09, 2009
OSC Sets Hearing Date to Consider Cease Trade of Gold Reserve Poison Pill

Vancouver, Canada -- Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") confirmed that the Ontario Securities Commission (the "OSC") has set a hearing date to consider cease trading Gold Reserve Inc.'s shareholders rights plan pursuant to an application made by Rusoro in connection with its takeover bid for Gold Reserve Inc. ("Gold Reserve"). The hearing before the OSC will take place Thursday, February 12, 2009 at 10:00 am Eastern Time. Rusoro has made an application to the OSC re...
February 02, 2009
Rusoro Applies for Order to Terminate Gold Reserve Poison Pill

Vancouver, Canada - Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") announced today that in connection with its takeover bid (the "Bid") for Gold Reserve Inc. ("Gold Reserve") it has applied for an order from the Ontario Securities Commission ("OSC") to cease trade Gold Reserve's shareholders rights plan (more commonly known as a "poison pill"). The OSC is expected to set a hearing date shortly. Rusoro expects the hearing to be held prior to the expiry of its Bid, and it intends t...
January 19, 2009
Rusoro Extends Expiry Date of Gold Reserve Takeover Bid

Comments on Gold Reserve's Proposal to Sue Venezuelan Government Vancouver, Canada -- Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") announced today that its offer to acquire all of the outstanding Class A common shares and equity units of Gold Reserve Inc. (together, the "Gold Reserve Equity") on the basis of three Rusoro shares for each Gold Reserve share or equity unit (the "Offer") has been extended to 5:00 p.m. (Eastern time) on February 18, 2009 (the "Expiry Time"). ...
January 14, 2009
Rusoro Reports Record Gold Production and Record Low Cash Costs for Q4 2008

Further Government Approvals Received - Rusoro Advances Environmental Permit to Mine at Increible 6 Vancouver, Canada - Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") is pleased to report that it has reached record quarterly gold production (38,868 ounces) in Q4 2008 and record low cash costs (US$358 per ounce) for the same period at the Choco 10 operations which the Company acquired as of November 30, 2007. In addition, the Company is delighted to confirm that the Ministr...
January 05, 2009
Rusoro Responds to Gold Reserve's Directors' Circular and Ongoing Defensive Tactics

Vancouver, Canada - Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") is pleased to confirm that, in spite of continued defensive tactics by Gold Reserve Inc. ("Gold Reserve"), Rusoro is committed to providing Gold Reserve shareholders the opportunity to consider Rusoro's bid for 100% of the shares of Gold Reserve (the "Bid") on its merits. The Bid was launched on December 15, 2008, it remains open, and Gold Reserve shareholders are free to tender their shares to the bid at any time pr...
December 29, 2008
Entrenched Gold Reserve Management Continues to Attempt to Disenfranchise its own Shareholders

Vancouver, Canada - Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") has learned by way of Gold Reserve Inc. ("GRZ" or "Gold Reserve") press release issued on or after 4:00 pm Eastern time on December 24, 2008, that the board of directors of Gold Reserve has amended its shareholder rights plan (the "GRZ Plan") without obtaining GRZ shareholder approval. The amendments to the GRZ Plan include extending the definition of a "Permitted Bid" under the GRZ Plan to exclude a bid from an ...
December 19, 2008
Rusoro Mails Bid Documents To Gold Reserve Shareholders; Amends Filing

Vancouver, Canada -- Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") Rusoro has mailed its offer and circular prepared in connection with its offer to purchase (the "Offer") all of the outstanding Class A common shares and equity units of Gold Reserve Inc. ("Gold Reserve") to Gold Reserve shareholders. Rusoro announced the Offer on December 15, 2008. Under the Offer, Gold Reserve shareholders and equity unitholders are entitled to receive three Rusoro common shares for each Gold...
December 19, 2008
Rusoro Reports Record Gold Production and Record Low Cash Costs at Choco 10

Vancouver, Canada - Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") is pleased to report that it has achieved record gold production at historically low cash costs at its Choco 10 mine for November 2008. The Company also reports that operations at the Isidora mine continue to exceed its expectations. Both mines are located near the town of El Callao in Bolivar State, Venezuela. Recent production highlights include: ...
December 18, 2008
Rusoro To Defend Against Gold Reserve's Attempts To Disenfranchise Its Own Shareholders

Vancouver, Canada - Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") is pleased to announce that it is committed to defending the action brought by Gold Reserve Inc. ("Gold Reserve") so that Gold Reserve's shareholders and equity unitholders can consider Rusoro's premium take-over bid (the "Bid") on its merits. As of December 12, 2008 (the last trading day before the Bid was announced), the Bid represented a value of C$1.08 per Gold Reserve share, a premium of 140% on closing pric...
December 16, 2008
Rusoro Fully Committed To Its Bid For Gold Reserve

Vancouver, Canada -- Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") is pleased to confirm its commitment to Gold Reserve shareholders and equity unitholders in respect of its premium, 3-for-1, all-share bid announced yesterday (the "Bid"). As of December 12, 2008 (the last trading day before the Bid was announced), the Bid represented a premium of 14...
December 15, 2008
Rusoro Launches Take-Over Bid for Gold Reserve

Vancouver, Canada -- Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") today announced a take-over bid (the "Take-Over Bid") for Gold Reserve Inc. ("Gold Reserve", TSX:GRZ -- AMEX:GRZ). Rusoro is offering Gold Reserve shareholders and equity unit holders (collectively, the "Gold Reserve Equityholders") 3 Rusoro common shares for each Gold Reserve Class A common share and each Gold Reserve equity unit (collectively, the "Gold Reserve Equity"). The offer values Gold Reserve at C$1.08 per...
December 01, 2008
Rusoro Mining reports Q3 2008 financial results, record low cash costs of US$247 per ounce achieved from September 2008, Rusoro's first full month of gold production at the newly acquired Isidora Mine

Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the quarter ended September 30, 2008 ("Q3"). The Company's Q3 consolidated financial statements and management's discussion and analysis (MD&A) for the three and nine months periods ended September 30, 2008 have been filed on SEDAR ( www.sedar.com ). All amounts set out in this news release and in the Company's financial sta...
November 03, 2008
Updated Resource Estimate for SREP and Days Vein - Expands Resource and significantly Increases Grade by up to 47%

Vancouver, Canada - The Company is very pleased to report that it has received an updated resource estimate for the San Rafael/El Placer Project (SREP) and the Days Vein, located in the El Dorado District in southeastern Venezuela. The project is 100% owned by Rusoro Mining Ltd, and is strategically located adjacent to the La Camorra Block, currently the subject of a 50/50 Joint Venture with the Venezuelan government. These independent NI 43-101 resource estimates have been prepared by the c...
September 05, 2008
Rusoro Completes Landmark Agreements with Venezuelan Government to Custom Mill Ore for Minerven and Officially Process Ore for the Isidora Mine JV

Vancouver, Canada -- Rusoro Mining is pleased to announce that it has formally completed landmark agreements with MIBAM to custom mill ore from various MINERVEN operations in the El Callao District and to officially begin processing the ore being developed at the Isidora Mine. ...
August 28, 2008
Rusoro Mining Reports Q2 2008 Financial Results

Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the quarter ended June 30, 2008. The Company's Q2 consolidated financial statements and management's discussion and analysis (MD&A) for the three and six months periods ended June 30, 2008 have been filed on SEDAR ( ). All amounts set out in the Company's financial statements and MD&A are unaudited and in United States doll...
August 28, 2008
Rusoro Responds to Gold Reserve News Release

August 28th, 2008 Trading symbol (TSX-V): RML Vancouver, Canada - In response to the news release issued by Gold Reserve Inc. ("Gold Reserve") on Wednesday August 27, 2008, Rusoro Mining Ltd. ("Rusoro" or the "Company") would like to confirm that it tabled a non-binding expression of interest, which expired at 11:59 pm Vancouver time on Tuesday August 26, 2008. The Company further confirms that it has received a response from Gold Reserve dated August 26, 2008. Since its formation in 2006...
August 07, 2008
43-101 Report Filed For Isidora And Twin Shear Projects Acquired From Hecla Mining - Additional 482,000 Inferred Au Ounces Identified

Vancouver, Canada -- Rusoro Mining Ltd. is pleased to report that a 43-101 report prepared by independent consultants Micon International Ltd. for the Isidora and Twin Shear gold projects has been filed. Both projects were part of the assets acquired in the acquisition of Hecla Mining Company's Venezuelan assets. The total resources outlined in the report for Isidora confirmed the resources originally estimated by Rusoro with the Twin Shear estimation out performing all previous estimates by a...
July 10, 2008
Rusoro confirmed as Partner of Choice by Venezuelan Government - Acquisition of Hecla's Venezuelan Assets Closed

Vancouver, Canada -- Rusoro Mining Ltd. ("Rusoro") is pleased to announce that it has been selected as the partner of choice by the Venezuelan Government for gold mining opportunities in Venezuela. Rusoro is also pleased to confirm the Venezuelan Government's approval for the previously announced acquisition of Hecla Mining Company's Venezuelan assets. Rusoro has now comple...
July 08, 2008
Rusoro Reports Multiple High Grade Intercepts from Yuruan

Vancouver, Canada - Rusoro Mining Ltd., is pleased to provide the following update on drill results for the Yuruan Project located 40km south of the town of El Dorado in Bolivar State, Venezuela. The current status of the Company's exploration program on the Yuruan Project is as follows; ...
June 19, 2008
Rusoro continues Venezuelan Consolidation, Acquires Hecla's Venezuelan Assets

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that it continues to implement its regional consolidation strategy with the acquisition of Hecla Mining Company's ("Hecla") Venezuelan assets which include the Block B - Isidora mining leases and the La Camorra mill facility in Bolivar State, southeastern Venezuela. Hecla's Venezuelan assets are being acquired for US$20 million in cash and 4,273,504 (US$5 million worth of) Rusoro shares. The Hecla-Venezuela acquisition is...
June 10, 2008
Rusoro Mining raises US$80 Million via Exchangeable Loan

Russia's 2nd Largest Gold Producer, Peter Hambro Mining Plc, Makes Strategic Investment Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that Peter Hambro Mining Plc ("PHM") has agreed to make a strategic US$20 million investment in Rusoro and its affiliates (collectively the "Rusoro Group") as part of a larger US$80 million senior secured exchangeable loan (the "Loan"), exchangeable into shares of Rusoro at C$1.25 per Rusoro share. The remainder of the ...
June 06, 2008
Rusoro Mining Reports Q1 2008 Financial Results

Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the quarter ended March 31, 2008. The Company's Q1 consolidated financial statements and management's discussion and analysis (MD&A) for the quarter ended March 31, 2008 have been filed on SEDAR ( ). The first quarter of 2008 marked the first full quarter of reporting since the Company acquired all the assets and liabi...
May 22, 2008
Rusoro Mining Releases Drilling Update

Vancouver, Canada - Rusoro Mining Ltd., is pleased to report previously unreleased drill results for all outstanding holes from 2007 and additional results from the first quarter of 2008. The current status of the Company's exploration programs is as follows; ...
May 15, 2008
Rusoro Mining Ltd. Appoints VP Finance and Interim CFO

Vancouver, Canada - Rusoro Mining Ltd. is pleased to announce the appointments of Mr. Matias Herrero to the position of VP of Finance and Mr. Gary Warnecke as interm CFO, effective immediately. Both Mr. Herrero and Mr. Warnecke bring many years of financial expertise in the mining industry to the Company's executive management team. Mr. Herrero is a CPA and a former audit manager with Pricewaterhousecoopers (PwC). At PwC he worked in the mining division working with Canadian mining co...
May 13, 2008
Rusoro Mining Reports its 2007 Financial Results

Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the year ended December 31, 2007. The Company's audited consolidated financial statements and management's discussion and analysis ( MD&A ) for the year ended December 31, 2007 have been filed on SEDAR (www.sedar.com). In the fourth quarter of 2007 the Company acquired all the assets and liabilities of Gold Fields Netherlands Services BV, ("Gold Fields"), which included the Choco 10 operating ...
May 08, 2008
Rusoro Awards Scoping And Feasibilty Studies For Choco 10 To Micon International Ltd.

Vancouver, Canada -- Rusoro Mining Ltd., is pleased to report that the Company has awarded the contract to conduct a scoping study for the Choco 10 Mine and surrounding deposits in the El Callao region to Micon International Limited (Micon). Information derived from this study will be used to establish various working parameters and assumptions to be used in a definitive feasibility study. The scoping study is expected to be completed during Q3, 2008, while the feasibility study is expected to ...
May 01, 2008
Rusoro Confirms Good Standing With Government Agencies in Venezuela

Vancouver, Canada - Rusoro Mining Ltd., wishes to confirm that the Company is in possession of all necessary permits to produce gold at the Choco 10 Mine in El Callao as well as all permits to "Affect Resources" (Afectacion de los Recuros) for the development and future gold production (both underground and open pit) related to the SREP gold deposits near the town of El Dorado in Bolivar State Venezuela. This is in response to news concerning environmental permitting issues which have affected ...
April 23, 2008
Rusoro Reports On Positive Meetings And Tour Of Projects With Venezuela Mines Minister

Vancouver, Canada - Rusoro Mining Ltd., is pleased to report on the positive nature of recent meetings and a subsequent tour of Rusoro's mining projects with Venezuelan Mines Minister, Mr. Rodolfo Sanz. The Company met with the Mines Minister in Caracas on April 17, 2008, to discuss Rusoro's development and gold production expansion plans in both the El Callao and El Dorado districts of Bolivar State. The discussions focused on sound environmental practices, as well as job creation and a num...
April 14, 2008
Rusoro Announces Management Change

Vancouver, Canada -- Rusoro Mining Ltd. informs that Omar Salas has advised the board he will be leaving his position as CFO with Rusoro on May 15th, 2008 to pursue other career opportunities. An interim CFO will be will be appointed shortly. Mr. Salas will continue to provide ongoing support to the financial team and will remain as a consultant with the Company during the transition period. On behalf of the board, I would like to thank Mr. Salas for leading Rusoro's financial team during t...
January 23, 2008
Record Production At Choco 10; Choco 10 Permits As Well As Further Exploration Permits Secured

Vancouver, Canada -- Rusoro Mining Ltd. is pleased to report record production at its Choco 10 mine and confirm that numerous additional permits regarding exploration and mining at the Company's San Rafael / El Placer deposits have been secured. Highlights of the Company's recent activities include: ...
January 07, 2008
Rusoro Mining Ltd. Appoints Corey Allen as COO

Vancouver, Canada - Rusoro Mining Ltd. is pleased to announce the appointment of Mr. Corey Allen to the position of Chief Operating Officer effective immediately. Mr. Allen brings many years of operational expertise in the mining industry to the Company's executive management team. Mr. Allen has previously held several senior management positions in the industry, most recently as Mill and Metallurgical Operations Manager overseeing the engineering and project development for a world cl...
December 10, 2007
Rusoro Gold Production Update: Choco 10 Mine

...
December 03, 2007
Rusoro Completes Acqusition Of Gold Field's Venezuelan Assets

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that it has completed the acquisition of Gold Fields' Venezuelan assets, including the producing Choco 10 mine. As announced on October 11, 2007, this strategic business combination provides Rusoro with immediate gold production and confirms Rusoro as a focused gold company with an exception growth profile. Pursuant to the terms of the acquisition, all release conditions having been satisfied and the subscription receip...
November 29, 2007
Updated 43-101 Accepted for Filing; Rusoro Drills 21m of 8.44g/t at Increible 6

Vancouver, Canada - Rusoro Mining Ltd. is pleased to report that an updated 43-101 report, prepared by Micon International Ltd. for the Increible 6 gold project was accepted for filing on November 23rd 2007. The cut off date for results included in this report was June 11, 2007 and the Company continues to receive results for subsequent drilling from the Increible 6 Project,...
November 26, 2007
Rusoro Initiates 50,000 Metre Drill Program at Valle Hondo

Vancouver, Canada - Rusoro Mining Ltd. is pleased to announce that it has initiated a drill program on the Valle Hondo Project 40km SE of the Company's Emilia Mill facilities in Bolivar State, Venezuela. The Valle Hondo Project currently has NI 43-101 resources of 103,000oz Au indicated (3.5Mt grading 0.92 g/t) and 1,344,000oz Au inferred (47Mt grading 0.89 g/t). Road access has been re-established and the camp and infrastructure completed for the re-start of drilling and exploration on the...
November 15, 2007
Rusoro Drills 37m of 9.34g/t Au at Increible 6 All Main Gold Zones Expanded

Vancouver, Canada - Rusoro Mining Ltd. is pleased to give an update on its progress at the Increible 6 project in Bolivar State, Venezuela. Highlights include: ...
October 31, 2007
Financing Of $225 Million Closes

(Not for distribution to U.S. newswire services or for dissemination in the United States) ...
October 12, 2007
Rusoro Mining Ltd. Raises $210 Million for Acquisition of Gold Fields Venezuelan Assets

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that it has entered into an underwriting agreement with a syndicate of underwriters co-led by Canaccord Adams Limited and GMP Securities and including PI Financial pursuant to which Rusoro's to be formed wholly owned subsidiary Rusoro Mining BVI Ltd. (Rusoro BVI) will sell 87,500,000 subscription receipts at a price of $2.40 per subscription receipt to raise gross proceeds of CDN $210 million in Rusoro BVI (the "Offering")....
October 11, 2007
Rusoro to Acquire Gold Fields' Venezuelan Assets to become Immediate Producer

...
September 27, 2007
Rusoro Mining Ltd. Appoints Omar Salas as CFO

Vancouver, Canada - Rusoro Mining Ltd. is pleased to announce the appointment of Mr. Omar Salas to the position of Chief Financial Officer effective immediately. Mr. Salas brings many years of financial expertise in the mining industry to the Company's executive management team. Mr. Salas has previously held several senior finance oriented positions in the industry, most recently as Director of Finance for Glencairn Gold Corporation. He also brings direct experience in Venezuela as he...
September 11, 2007
Rusoro Mining - Annual General Meeting Results; Option Grants

September 11, 2007 Trading symbol (TSX-V): RML Vancouver, Canada - Rusoro Mining announces that at its Annual General Meeting held yesterday, the following directors were elected: Vladimir Agapov, Andre Agapov, Gordon Keep, Jay Kaplowitz, Abraham Stein, John Reynolds, Peter Hediger, and Dmitry Ushakov. Following the shareholders' meeting, the directors appointed Andre Agapov as CEO, and George Salamis as Director and President. Andre Agapov is the founder of Grupo Agapov Corp. which wa...
September 04, 2007
Rusoro Mining Ltd. Appoints George Salamis as President

Trading symbol (TSX-V): RML Vancouver, Canada - Rusoro Mining Ltd. is very pleased to announce the appointment of George Salamis to the position of President, effective immediately. Mr. Salamis will play a major role in the Company's executive management team as the Company moves forward on a number of corporate and operational initiatives. Mr. Salamis has previously held senior management positions with well-established mining companies, most notably Placer Dome Inc. and Cameco ...
June 11, 2007
Rusoro Mining Intersects 37m of 9.34g/t Au and 21m of 4.72g/t Au in Separate Zones at Increible 6

Vancouver, Canada -- Rusoro Mining Ltd. is pleased to provide another update on results from ongoing drilling at the Increible 6 Project in Bolivar State, Venezuela. The four main zones (Culebra, Elisa, Olga and Cristina) all continue to be enhanced by the results of the 31 drill holes reported in this news release. ...
May 23, 2007
Drilling At Increible 6 Continues To Extend All Gold Zones

Vancouver, Canada -- Rusoro Mining Ltd. is pleased to report that very positive drill results continue to be received from the Increible 6 Project in Bolivar State, Venezuela. ...
April 30, 2007
In-Fill Diamond Drilling Confirms Continuity of High Grade Gold Zones

Vancouver, Canada -- The Company is very pleased to report that results for 32 holes of a 40 hole, 10,000 m diamond drill program at the San Rafael/El Placer Project (SREP) in southeastern Venezuela have been received. This drilling was part of an in-fill program designed by the Company's engineering consultants, Micon International, to further test the continuity of the main gold mineralized blocks. Highlights: ...
April 19, 2007
Positive Results Continue At Increible 6 Gold Project, Bolivar State, Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. is pleased to provide an update on its exploration activities in Bolivar State, Venezuela which are highlighted by the continued receipt of very positive drill results from the Increible 6 Gold Project. ...
March 22, 2007
Positive Metallurgical Results Received for SREP and Increible 6 Projects

Vancouver, Canada - Rusoro Mining Ltd. is pleased to provide details of recent metallurgical testing results from the Increible 6 and SREP Projects, located in Bolivar State, Venezuela. Micon International Limited has been contracted by the Company to complete scoping studies on the Increible 6 and SREP Projects. As part of the detailed work on each project, Process Research Associates of Richmond B.C. Canada is completing a series of metallurgical tests designed and supervised by Micon. ...
March 19, 2007
Drilling Intersects 46 Metres of 6.01 g/t Gold at the Increible 6 Project

Vancouver, Canada - Rusoro Mining Ltd. is pleased to report the most recent results from the Increible 6 Project, located in Bolivar State, Venezuela. The Company continues to expand several mineralized zone at Increible 6 and drilling is currently being completed with four rigs. Recent drilling expanded the gold mineralized zone first intersected in drill hole IEL-160 and reported in May of 2006 (123.5 metres grading 2.71 g/t Au). Diamond drill hole IC-07-346 is a 50 metre step out and i...
March 05, 2007
Acquisition Closes

Vancouver, Canada, March 5, 2007: Rusoro Mining Ltd. ("Rusoro") and Mena Resources Inc. ("Mena") are pleased to announce that Rusoro's acquisition of all of the issued and outstanding securities of Mena has now closed and, all release conditions having been satisfied and the Subscription Receipts exercised, the net proceeds of $67,750,810 plus accrued interest from Mena's private placement of Subscription Receipts have been released from escrow and paid to Mena. As consideration for the acquis...
February 26, 2007
Rusoro Advances Venezuelan Assets

Vancouver, Canada - Rusoro Mining Ltd. is pleased to give an update on its exploration and development activities in Bolivar State, Venezuela. The Company continues to move forward to meet its goals for drilling, completing its engineering studies and advancing its mill expansion and underground development program. Significant accomplishments include: ...
January 31, 2007
Financing Of Up To $75 Million Arranged / Acquisition Circular Mailed

Vancouver, Canada, January 31, 2007: -- Mena Resources Inc. ("Mena") and Rusoro Mining Ltd. ("Rusoro") are pleased to announce that Canaccord Adams Ltd. has agreed to act as lead agent for a syndicate including Haywood Securities Inc. and Pacific International Securities Inc. (the "Agents") in respect of a brokered private placement of 22,100,000 subscription receipts of Mena at a price of $2.30 per subscription receipt to raise gross proceeds of up to $50,830,000. The Agents have been granted t...
November 28, 2006
Rusoro Mining To Acquire Mena Resources & 100% Of Venezuela Projects

Vancouver, Canada -- Rusoro Mining Ltd. ("Rusoro") and Mena Resources Inc. ("Mena") are pleased to announce that Rusoro will acquire (the "Acquisition") all of the issued and outstanding securities of Mena. The shares of both companies are listed on the TSX Venture Exchange. The companies currently hold jointly the Increible 6 and Valle Hondo Projects in Venezuela (Rusoro 76%; Mena 24%). As a result of the Acquisition, Rusoro will own 100% of these projects as well as 100% in Mena's Trinid...
November 24, 2006
Exploration And Development Update

November 24, 2006 Trading symbol (TSX-V): RML Vancouver, Canada -- Rusoro Mining Ltd. is pleased to give an update on its exploration and development activities in Bolivar State, Venezuela since the publication of its recently completed NI43-101 reports and subsequent listing on the TSX Venture Exchange on Nov. 9th, 2006. The Company wishes to update as follows: - The Company has started a significant drill campaign focusing on the Increible 6 and the San Rafael/El Placer projects, incre...
November 08, 2006
Rusoro Mining Commences Trading On TSXV

Vancouver, Canada -- Rusoro Mining Ltd. (formerly Newton Ventures Inc.) (the "Company") is pleased to announce that it has completed its business combination (the "Business Combination") with Grupo Agapov Corp. ("Grupo Agapov") as announced on August 2, 2006, together with a share consolidation on the basis of 0.6 of a post-consolidation common share for every one pre-consolidation common share and a name change from Newton Ventures Inc. to Rusoro Mining Ltd. The Company's shares will begin trad...
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