Rusoro Mining Ltd.
Rusoro Mining Ltd.

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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News


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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: ...
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