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Production / Operations Routine +

Gold Reserve Joyously Announces the Release of Jose Ignacio Moreno Suarez After Three Years of Imprisonment

By The Northwire Desk — AI Analysis Aug 17, 2026 · 10:00 GRZ · 6.5 Gold Reserve Inc.
GRZ · Price

Gold Reserve Inc. (GRZ) announced the release of José Ignacio Moreno Suárez, the company’s former attorney and legal representative in Venezuela, from Rodeo I prison. Suárez had been detained as a political prisoner for over three years without a criminal trial beginning.

Vice Chairman Paul Rivett confirmed that the company will now prepare to return personnel to Venezuela to participate in the recovery stage as outlined by U.S. Secretary of State Rubio. This development marks a potential resumption of operations that had been halted pending Suárez's release. Gold Reserve had previously stated it would not resume operations in Venezuela until Suárez was released.

The company acknowledged the role of the U.S. Administration and Venezuelan officials in the release, linking the event to broader efforts toward national reconciliation and future investment in Venezuela’s natural resources. The release is viewed as part of these broader efforts, supported by both the U.S. Administration and Venezuelan officials.

Gold Reserve anticipates that the stability created by these political developments will encourage domestic and foreign investment, potentially leading to employment creation and the development of productive projects in Venezuela. The company remains committed to supporting Suárez and his family as he recovers his health.

“José has shown incredible courage and resilience throughout his prolonged detention... We are immensely relieved for José and his family, who, after three years of unwavering support and uncertainty, are finally reunited,” said Paul Rivett, Vice Chairman.

“Gold Reserve has long maintained that it would not resume operations in Venezuela until José was released. Now that he is free, we are preparing to return personnel to Venezuela and begin directly participating in the recovery stage as laid out by U.S. Secretary of State Rubio,” added Rivett.

Read the original news release →

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