Gold Reserve aims to retake Venezuela assets after Maduro’s fall [Mining.com]

Written By Mark Salerno

Gold Reserve Ltd. has spent years fighting with Nicolas Maduro’s government over two gold deposits seized by Venezuela. Now, after the US captured the country’s leader on Saturday, the tiny mining company sees a path to regain those prized assets.

The company operated two gold and copper deposits — Brisas and Siembra Minera — before they were seized by Venezuela’s government in the 2000s and 2010s. The Brisas deposit, which was confiscated under the Hugo Chavez regime, holds about 10 million bullion ounces — worth about $44.4 billion based on Monday’s gold price.

Read more here: https://www.mining.com/web/gold-reserves-aims-to-retake-venezuela-assets-after-maduros-fall/#google_vignette

Mark Salerno
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