Rusoro Mining Ltd. (V:RML*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 595 Burrard Street Suite 3123
Stn Bentall Centre
PO Box 49139
Tel: N/A
IR: See website
Key People
Vladimir Agapov
Chairman of the Board
Andre Agapov
President, Chief Executive Officer, Director
Harpreet Dhaliwal
Chief Financial Officer, Corporate Secretary
Jessica Van Den Akker
Chief Financial Officer
Dmitry Ushakov
Vice President - Corporate Development, Director
Business Overview
Rusoro Mining Ltd. is a Canada-based company engaged in the acquisition, exploration, development and operation of gold mineral properties. The principal business activities of the Company are the operation and development of gold mining and mineral properties. The Company's operating segments include corporate results in Canada and Venezuela. The Company is a gold producer and explorer, with a land position in the Bolivar State mining region in southern Venezuela. The Company received mining concessions in Venezuela for the exploration, development and exploitation of alluvial and vein gold. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has not generated any revenues. The Company's subsidiaries include Asterville International Corporation AVV, Balandria Limited, General Mining de Guayana C.A, International Gold & Silver BV, Inversiones Yuruan C.A., Carisma Corporation AVV and Cerenex Financial AVV.
Financial Overview
For the nine months ended 30 September 2018, Rusoro Mining Ltd revenues was not reported. Net loss decreased 10% to $6.7M. Lower net loss reflects Loss (gain) on revaluation of gold sale increase from $1.2M (expense) to $1.5M (income), Stock based compensation decrease of 49% to $757K (expense), Increase in decommissioning and restorat decrease of 37% to $1.1M (expense).
Employees: 785 as of Dec 31, 2008
Reporting Currency: U.S. Dollars
Enterprise value: $74.50M as of Sep 30, 2018
Annual revenue (TTM): $0.00M as of Sep 30, 2018
EBITDA (TTM): -$4.61M as of Sep 30, 2018
Net annual income (TTM): -$13.45M as of Sep 30, 2018
Free cash flow (TTM): -$1.02M as of Sep 30, 2018
Net Debt Last Fiscal Year: $39.45M as of Sep 30, 2018
Shares outstanding: 544,810,623 as of Nov 9, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization