Crystallex falls on news of Venezuela contract termination

Shares in Crystallex International dropped almost 40% on Monday, after the company said at the weekend that the government of Venezuela has “unilaterally terminated” the mining contract for its flagship Las Cristinas project. Crystallex...

Rusoro president quits, replaced by Andre Agapov

Vancouver-based Rusoro Mining's president George Salamis will resign from his position on May 30, the company announced on Friday. CEO Andre Agapov will take on the role of president as well, and Salamis will provide “consulting services” to...

Rusoro says on track to meet forecasts

Vancouver-based gold-miner Rusoro Mining produced 35 376 oz of gold in the third quarter from its operations in Venezuela, compared with 22 082 oz in the same period last year. Although output in the third quarter was lower than second-quarter...

Rusoro gets key permit for Increible 6

Vancouver-based Rusoro Mining has received an exploitation permit from Venezuela's Ministry of Basic Industry and Mines to begin mining at the Increible 6 gold deposit in the country's Bolivar State mining region. The deposit is about eight...

Rusoro reports output up, costs down in Venezuela

Vancouver-based Rusoro Mining increased second-quarter gold production from its Venezuelan mines by 94% compared with last year, and achieved a 50% decrease in the total cash cost per ounce sold. Rusoro, which mines gold from its own Choco 10...

Gold Reserve plans to file Venezuela arbitration claim in October

Spokane, Washington-based Gold Reserve plans to file a claim for international arbitration in a dispute with the government of Venezuela in late October, president Doug Belanger said on Tuesday. The firm has said it could claim more than...

Choco 10 expansion study to be completed before mid-2010 – Rusoro

A feasibility study for a large expansion project at Canadian gold-miner Rusoro Mining’s Choco 10 mine and the nearby Increible 6 gold deposit, in Venezuela, will be completed in the first half of next year. The study followed on a positive...

Rusoro reports $0,5m Q1 profit

Vancouver-based Rusoro Mining, which produces gold in Venezuela, on Monday posted net income of $0,5-million for the first quarter of 2009. A year earlier, the company reported a consolidated net loss of $17,3-million.

Rusoro may quadruple output at Venezuela gold mine

Vancouver-based Rusoro Mining has received “highly encouraging” results from a preliminary assessment on expanding production at the company's Choco 10 gold mine, in Venezuela, and now plans to complete a feasibility study on the expansion...

Dynasty Gold 'actively seeking' new ventures

Canadian exploration minnow Dynasty Gold is “actively seeking new ventures and opportunities” in both precious and base metals, the firm said on Thursday. Over the past year, the company has evaluated a number of resource projects in Canada,...

Rusoro the latest bullion miner to sell equity

Vancouver-based Rusoro Mining will raise at least C$100,2-million in a public offering of shares, and will use the proceeds for capital spending on its gold properties in Venezuela, the firm said on Tuesday. TSX Venture Exchange-listed Rusoro...

Rusoro extends bid for defiant Gold Reserve

Vancouver-based Rusoro Mining has given shareholders in Gold Reserve Inc until February 18 to accept its takeover offer, after the original offer period was to have closed this week. However, Gold Reserve, which has rejected the bid as too low,...