Condor Gold plc said it had made significant progress during the first quarter of 2021 in preparation for “shovel ready” status at La India project in Nicaragua. In its unaudited financial results for Q1 2021, the junior miner said it held a strong cash balance of £6,278,947 million (Q1 2020: £1,736,695). Total comprehensive loss was […]
Tag: La India project
Condor Gold records transformational 2020
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 […]
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 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 […]