Condor Gold plc said its activities during 2020 had been transformational as it reported a decrease in losses and increased fundraising and cash balance for its La India project in Nicaragua. For the year 2020, the group’s losses were £1,309,992 (2019: £1,542,781). The company raised a total of £8 million after expenses (2019: £5.8m), and […]
Tag: Condor Gold plc
Condor Gold buoyed by latest drill results at La India
Condor Gold plc said that its latest drill results were highly encouraging at the La India project in Nicaragua. The miner added that the results, which showed two significant intercepts, also added considerable confidence to the company’s geological model, mineral resource and reserve calculation as well as the mine plan. Condor has completed the first […]
Condor acquires $6.5m SAG mill
Condor Gold plc is to buy a $6.5 million (£4.67m) complete new semi-autogenenuous mill (SAG mill) package for its La India gold project in Nicaragua. The junior miner has avoided a 12-month wait for the design and manufacture of the equipment by buying the SAG mill from Canadian company First Majestic Silver Corp. The La […]
Condor Gold finds additional vein at La India starter pit
Condor Gold plc confirmed a wide zone of high-grade ore from the main vein as well as an additional vein from initial results at the Northern starter pit at La India gold project, Nicaragua. The news comes as the junior miner completed the first 26 drill holes for a combined 1,296 metres of diamond drill […]
Condor drills Cacao Vein for more resource at La India
Condor Gold plc said it had started a 5,000-metre diamond drill programme on the Cacao Vein to prove the potential increase in mineral resource at La India gold project in Nicaragua. Cacao is located 4km from the planned processing plant at the company’s fully permitted La India mine. Condor said that the vein was a […]
Condor Gold holds £8 million cash for La India
Condor Gold plc announced it now held net cash of £8 million to further drilling, production and expansion of mineral resource at its La India project in Nicaragua. The announcement follows an oversubscribed private placing which raised £4 million. bityl.co/5czD Condor Gold’s chairman and chief executive Mark Child said that the company issued new ordinary […]