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 […]
Tag: Condor Gold plc
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.
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 […]
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 […]
Condor receives £22,916 via warrant exercises
Condor Gold plc received total gross proceeds of £22,916.30 following notices to exercise warrants from CEO and executive chairman Mark Child and another shareholder. The company said it was issuing a total of 91.666 new ordinary shares with a nominal value of 20p each in the capital of the company at an exercise price of […]
Condor raises £3.25m via placing-subscription
Condor Gold plc said it had raised £3.25 million before expenses through a private placing of 11,607,149 units each at a price of 28p, including a directors’ subscription of 1,833,573 units. PLACING Each unit is comprised of one ordinary share in the company with a nominal or par value of 20p each and one-half of one […]