Condor Gold plc’s pre-tax losses increased and cash decreased as it progresses with operations at its La India project in Nicaragua. FINANCES In its unaudited interim results for six months ended June 2021, the company recorded pre-tax losses of £1,013,860 during the first six months of 2021 (H1 2020: £355,419). Net cash used in operating […]
Tag: La India – Nicaragua
Condor confirms early mining at La India
Condor Gold plc said that final assay results confirmed that 59,672 oz contained gold within 35m of the surface would be mined early at La India, Nicaragua. The junior miner’s two planned Northern and Southern high-grade starter pits, up to 35m deep, have now been drill tested by 45 diamond core drill holes for a […]
Condor chooses Hanlon as lead engineer for FSD
Condor Gold plc has chosen Hanlon Engineering & Associates to develop a feasibility study design (FSD) for a new processing plant around Condor’s new SAG mill at La India project in Nicaragua. Hanlon will be responsible for the engineering designs, the capital cost and operating costs of the processing plant. The Tucson company is a […]
Condor to expand La India resource with infill drill
Condor Gold plc said it had started a 1,700m infill geotechnical drill programme at its La India open pit, Nicaragua. The five to six-week programme using two rigs aims to achieve a feasibility level of design by SRK Consulting (UK) Ltd as well as complement other feasibility study level programmes underway. Condor Gold added that […]
Condor Gold notes high grade drill results in La India starter pits
Condor Gold plc reported high grade intersects with the completion of infill drilling in the starter pits at La India gold project, Nicaragua. Condor said it intended to mine them early to quicken the payback period and enhance the project’s economics. The two planned high-grade starter pits (up to 35 metres deep) were drill tested […]
Condor Gold makes ‘significant progress’ in de-risking La India
Condor Gold announced it had made significant progress in de-risking its open pit, associated mine infrastructure and planned operation plant at La India project in Nicaragua. RESOURCES The company said it had 1.12 million ounces of gold open pit mineral resources, including 8,583 thousands of tonnes (Kt) at 3.3g/t of gold for 903,000 oz gold […]