Year-to-date gain: 700 percent; market cap: C$252.93 million; current share price: C$0.40
Gold-focused Rusoro Mining used to have interests in Venezuela. Up until 2012, the company was operating two mines and two mills in the country, along with two additional projects that were nearing the production stage.
However, in March 2012, the Venezuelan government nationalized Rusoro’s operations without compensation. Following the appropriation of its operations, the company entered into arbitration proceedings before the World Bank’s International Center for the Settlement of Investment Disputes; over four years later, in August 2016, Rusoro was awarded US$967.77 million, plus pre- and post-award interest, for a total of more than US$1.2 billion.
Over the next two years, Rusoro filed multiple rounds of proceedings to enforce the award. Finally, in October 2018, the company announced it had come to an agreement in which Venezuela would…
