Finance Metals & Minerals News

Condor Gold raises £3.3m for La India sale

Condor Gold plc raised £3.3 million from an open offer of 12,156,374 shares and placing 3,004,999 new ordinary shares along with a previous £1m investment from the company’s chairman. FUNDRAISE The fundraise announced on 5 December allowed qualifying shareholders to subscribe for one open offer share for every six existing ordinary shares at a price […]

Finance Metals & Minerals News

Condor Gold to sell La India

Condor Gold plc is selling the company’s flagship La India open pit project in Nicaragua. MINE EXPERTISE La India comprises 588 km2 of 12 contiguous and adjacent concessions. The open pit is de-risked and nearly ready for construction which will take 18 months from receipt of project financing. The company aims to sell the project […]

Legal Metals & Minerals News

US sanctions ‘unlikely’ to affect Condor

Condor Gold plc today said that the United States’ sanctions imposed on the Nicaraguan General Directorate of Mines were unlikely to have any impact on the company’s current operations at La India. SANCTIONS On 24 October, the US Treasury Department extended its existing sanctions “to hold the Ortega-Murillo regime accountable for its continued attacks on […]

Company Moves Metals & Minerals News

Condor Gold appoints Jim Mellon as chairman

Condor Gold plc has appointed Jim Mellon as non-executive chairman of the company. Businessman and investor Mr Mellon has been a non-executive director of Condor Gold for several years and is the largest shareholder with a 18.7% holding. The appointment was made on 11 October 2022. Mark Child remains chief executive officer.

Metals & Minerals News

Condor issues more detailed MRE for La India

Condor Gold plc reported a more detailed and conservative mineral resource estimate (MRE) for its 100% owned La India project in Nicaragua. MRE The revised MRE is 9,672 kt at 3.5g/t gold for 1,087,000 oz gold in the indicated category, and 8,642 kt at 4.3 g/t gold for 1,189,000 oz gold in the inferred category. The […]

Metals & Minerals News

Condor tests show 91% gold recovery at La India

Condor Gold plc said that a fixed gold recovery of 91% will be used in the project economics of the forthcoming feasibility study for La India gold project in Nicaragua. METALLURGICAL TEST The figure comes from the final results of metallurgical tests for the FS on the La India open pit, which showed that gold […]