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Rusoro Mining News
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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 ... |
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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... |
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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;
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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... |
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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 ... |
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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 ... |
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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 ... |
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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... |
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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... |
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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:
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