Rusoro Mining announces gold sales

Rusoro Mining has revealed the total amount of gold it sold during the three months up to and including June 2008.

In all, 36,343 ounces of the precious metal were sold by the company over the second quarter of the year.

This equates to a total market value of $23.2 million (£13 million), according to the company.

During the same period, Rusoro Mining reveals that it made "significant" discoveries of gold deposits at a number of its exploratory sites.

These comprise the Increible 14, Valle Hondo and Yuruan projects, three of the ten sites on which the mining company is currently carrying out explorations.

Meanwhile, results from the existing Choco 10 and Isidora mines lead the company to predict total production in 2008 of around 150,000 ounces of gold.

Aiming to meet this target over the course of the year is, according to Rusoro Mining, part of its "aggressive approach" towards becoming more well established in the gold mining sector.