Articles Tagged "venezuela"

Gold Reserve Awarded $740 Million by World Bank for Brisas Project

Gold – Gold Reserve (TSX:GRZ) has been awarded $740.3 million by the World Bank's International Center for the Settlement of Investment Disputes after Venezuela expropriated the company's Brisas project in 2009. The award represents $713 million for the fair market value of the project, $22.3 million for interest on the award and $5 million for reimbursement of legal and technical costs.