Gold Reserve ( (TSE:GRZ) ) has shared an announcement.
Gold Reserve Ltd. has achieved a significant legal victory as the Lisbon Court of Appeal in Portugal confirmed its arbitration award against Venezuela, valued at over $1.1 billion. This judgment is a crucial step in the company’s ongoing efforts to enforce the award, with attachment orders obtained against bank accounts in Portugal. However, recovery remains uncertain due to the need for further court orders and the complex priority of claims. The company’s enforcement efforts in Portugal complement similar actions in the United States, where proceedings in Delaware could impact the overall recovery.
More about Gold Reserve
Gold Reserve Ltd. operates in the mining industry, focusing on the exploration and development of gold and copper deposits. The company is primarily engaged in efforts to enforce arbitral awards related to its mining interests, with a significant focus on legal proceedings to secure financial recoveries.
YTD Price Performance: 15.19%
Average Trading Volume: 82,817
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $206.2M
For detailed information about GRZ stock, go to TipRanks’ Stock Analysis page.