Gold Reserve request for stay in Citgo parent auction is denied

Core Viewpoint - A U.S. court of appeals denied Gold Reserve's motion to stay the court-ordered auction of Citgo Petroleum's parent company, indicating ongoing legal challenges for the miner [1] Group 1: Company Actions - Gold Reserve, a Toronto-listed miner, sought to halt proceedings related to the auction of Citgo Petroleum's parent company [1] - The court's decision reflects the complexities and legal hurdles faced by Gold Reserve in its efforts to influence the auction process [1] Group 2: Industry Implications - The ruling may have broader implications for the mining industry, particularly in how legal disputes can affect asset auctions and corporate control [1] - The outcome of the auction could impact the competitive landscape within the petroleum sector, especially for companies like Citgo [1]