Rusoro Mining Ltd.
1.00
CAD
+0.01
(+1.01%)
Rusoro Mining Ltd.
NEO:RML
(Cboe Canada)
Recent
price
1.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Rusoro Mining Ltd. engages primarily in the acquisition, exploration, development, and operation of gold mining and mineral properties. The company’s core assets include mining concessions in Venezuela with rights for exploration, development, and exploitation of alluvial and vein gold, including historically operated gold mines such as Choco 10 and Isidora. Rusoro also manages milling operations with facilities like La Camorra and Emilia mills, serving the El Dorado and El Callao mining districts in Venezuela. Founded in 2000 and headquartered in Vancouver, British Columbia, Canada, Rusoro operates primarily within the Venezuelan gold mining sector. In terms of recent developments, Rusoro has seen significant strategic activity including the closing of unsecured promissory note financing in mid-2025 and a notable involvement in the legal and financial recovery process related to a major arbitration claim against the Venezuelan government for asset expropriation. The company is set to receive $400 million in cash and convertible notes valued at $650 million from a court-ordered sale of PDV Holding shares, which further strengthens its financial position. In early 2024, Gold Fields Netherlands sold its large shareholding in Rusoro to Fulcrum Global Markets LLC, marking a significant ownership change. Additionally, strategic share acquisitions by entities like Silver Point in 2024 reflect investor confidence in the company’s asset recovery and operational prospects. Rusoro’s business model focuses on gold mining and mineral property development primarily in Venezuela, targeting both exploration and production stages with an emphasis on alluvial and vein gold resources. The company’s legal settlement and arbitration activities regarding its former Venezuelan mining assets constitute a central aspect of its recent corporate strategy and financial outlook. Rusoro continues to operate within the mining sector but is also adapting to new financial mechanisms and partnerships as part of its effort to realize value from its Venezuela-based resources and legal claims. Overall, Rusoro Mining Ltd. remains a Venezuelan-focused gold mining company with ongoing activities in mineral exploration, mining, and asset recovery, backed by recent financing, ownership restructuring, and court-authorized asset liquidations enhancing its capital base and operational potential. The company is headquartered in Vancouver, British Columbia, Canada, and was incorporated in 2000.
Company News
Rusoro Updates Gold Reserve Action with 5 of 6 Claims Thrown Out
Rusoro Announces Grant of Stock Options
Rusoro Mining: The End Of Its Litigation Saga Appears To Be Near
Rusoro Provides CITGO Update
Rusoro Updates CITGO Auction Process
Gold Reserve goes against Rusoro for alleged contract breach in Citgo auction