Rusoro Mining Ltd.
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Rusoro Mining News


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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...
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