Condor Gold plc has received non-binding offers including a $90.1 million cash-shares acquisition by Metals Exploration plc and an undisclosed proposal from Calibre Mining Corp. GALLOWAY Condor’s 24.7% shareholder Galloway Ltd, owned by Condor non-executive chairman Jim Mellon, has made an irrevocable undertaking to sell its share to Metals. Galloway holds 50,512,597 shares and 892,857 share […]
Tag: La India gold mine
Condor issues 1m shares in options exercise
Condor Gold plc has issued one million shares for a total £220,000 following notices to exercise options, from 2019, with an exercise price of 22p. The company issued 300,000 ordinary shares to Galloway Ltd and chairman Jim Mellon who will hold a total 53,402,480 ordinary shares, representing 26.12% of the company’s issued ordinary shares. Chief […]
Condor Gold completes La India ground investigation
Condor Gold plc said it had completed a ground investigation programme comprising 23 geotechnical drill holes and 58 test pits at La India gold mine project in Nicaragua. The company is moving the project from a pre-feasibility level of design to final engineering designs on key infrastructure ahead of the mine’s construction. The ground investigation […]
Condor Gold starts second rig to drill 4,000m at La India
Condor Gold plc announced that a second drill rig had started a 4,000 metre infill diamond drilling programme at the ‘high-grade’ starter pits La India, Nicaragua. The company said that the starter pits were designed pits containing 445Kt at 4.17g/t gold for 59,700 oz gold using a 2.0g/t gold cut-off. The rig was mobilised for […]
Condor Gold clears site as it transforms into a producer
Condor Gold plc said it had started initial site preparations at the location of the processing plant facility at La India gold mine, Nicaragua. Work includes creating the main plant access road from a regional paved highway to the processing plant, in-plant roads and a bypass road. All key areas for the plant layout – […]