Condor Gold plc said it continued to receive “substantial interest” for its La India open it in Nicaragua, but cautioned that a sale was not certain.
RARITY
The company, which announced the sale of its flagship asset in November 2022, added it was encouraged by the process to date.
Five non-binding offers have been made, three site visits completed, non-disclosure agreements signed with eight companies, and additional enquiries made in the past two weeks.
“Wholly owned, fully permitted, construction ready gold mines with potential production of 150,000 oz gold per annum, in major gold districts, with the land and a new SAG mill package purchased and a construction period of only 18 months are rare,” said chief executive officer Mark Child.
“While the sales process is taking longer than anticipated, new enquiries continue to be received, the board is confident that a binding agreement will be reached.”