Condor Gold plc has raised £4.1 million before expenses from a private placement through issuing new ordinary shares representing 8.7% of the company’s existing issued share capital. UNITS The company placed 11,714,286 units each at 35p including a directors and chief financial officer’s subscription. Four directors Mark Child, Andrew Cheatle, Ian Stalker and Jim Mellon, […]
Tag: Nicaragua
Condor completes 8,004m infill drilling at La Mestiza
Condor Gold plc has completed an 8,004m infill drilling programme on the high-grade La Mestiza open pit mineral resource at La India gold project in Nicaragua. MINERAL RESOURCE The programme tightened drill spacing to 25m along strike and 50m down-dip in the zones with the potential to support open pit mine development. Drilling is expected […]
Condor appoints Jair Navarro as senior mining engineer
Condor Gold plc has appointed Jair Diaz Navarro as a senior mining engineer at La India project in Nicaragua. Mr Diaz is a mining engineer with more than 10 years’ experience in mine planning and operations. He graduated from Colorado School of Mines with a B.Sc. in Mining Engineering in 2011. Mr Diaz joined Barrick […]
Condor Gold starter pits are ‘shovel ready’ at La India
Condor Gold plc said the starter pits are shovel ready following final assay results for the 3,370m drill programme at La India, Nicaragua. MINERALISATION The two starter pits are planned to exploit two high grade segments of the La India open pit to 35m below surface. The Southern starter pit is along a 250m strike […]
Condor Gold holds £6.3m as it nears shovel-ready status at La India
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 […]
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 […]