Rusoro Mining Ltd. (V:RML*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 3123 - 595 Burrard Street VANCOUVER BC V7X 1J1 |
| Tel: | N/A |
| Website: | https://rusoro.com |
| IR: | See website |
| Key People | ||
| Andre Agapov President, Chief Executive Officer, Director | ||
| Business Overview |
| Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A. |
| Financial Overview |
| For the nine months ended 30 September 2023, Rusoro Mining Ltd revenues was not reported. Net loss increased from $9.3M to $19.5M. Higher net loss reflects Loss (gain) on revaluation of gold sale decrease from $3.4M (income) to $384K (expense), Other Non Operating I/E increase from $670K to $3M (expense), General and administrative expense increase of 99% to $3M (expense). |
| Employees: | 785 as of Dec 31, 2008 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $733.42M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$5.31M as of Sep 30, 2023 |
| Net annual income (TTM): | -$39.71M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$1.43M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $49.73M as of Sep 30, 2023 |
| Shares outstanding: | 580,958,352 as of Mar 27, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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