Condor Gold confidence boosted further as La India starter-pits unearth high grade drill results
The plan is to quicken the mine's 'payback period' by prioritising the high-grade starter-pits at La India.
Company
Condor Gold PLC
LON:CNR
Condor Gold PLC is a gold exploration and development company with a focus on Nicaragua in Central America.
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Condor Gold's key objective this year is to continue to advance La India project to production
The company raised a total of £8.0mln after expenses during the year and ended 2020 with a net cash balance of £4.2mln
Condor Gold announces "encouraging' results from drilling in Northern Starter Pit of La India
The result from LIDC406 “is highly encouraging and adds considerable confidence to the geological model, the mineral resource and reserve calculation and mine plan”, said chairman and chief executive Mark Child
Condor completes first 26 holes of the ongoing La India infill drill programme
The La India project contains 1.14mln ounces of gold indicated, and 1.18mln ounces inferred
Condor Gold completes £4mln fundraising
The money raised will be used to support ongoing work at Condor's La India gold project in Nicaragua.
Condor Gold starts drilling at Cacao, the first step towards demonstrating the potential for a five million ounce gold district in Nicaragua
Condor is highly experienced at operating in Nicaragua
Condor raises £4mln to complete engineering and technical studies as La India moves ever closer to production
Condor already boasts a resource of 1.2mln ounces at La India, and will now look to increase it
Condor Gold moves ahead with final engineering designs at La India project in Nicaragua
Condor has been steadily working towards the construction stage at La India
Condor Gold mobilises second rig to accelerate La India drilling
“Mining the higher grade will bring forward cashflow, shorten the payback period and enhance project economics," highlighted chief executive Mark Child
Condor Gold starts ground clearance for processing plant at La India
"The initiation of site preparation at Mina La India marks a significant landmark in the company's development"
Condor Gold initiates final phase of drilling at La India before the project becomes shovel-ready
Condor Gold will initiate production from starter pits
Condor Gold highlights strong cash position as La India mine fast-track continues
Work to bring La India to 'shovel-ready' status is ongoing
Condor Gold commences ground investigation programme at La India
Condor Gold has a significant gold resource at La India
Condor Gold on track for production at La India
Condor is targeting production of 120,000 ounces of gold per annum from open-pit material for 7 years.
Condor Gold shines as it significantly de-risks La India project
The company said it has acquired 85% of the land within the permitted open pit mine site infrastructure, including several key areas of the project
Condor Gold looks to finance La India early next year, and may by then be supported by cash flow from toll-treated ore
Condor could be sitting on a five million ounce district play at La India
Archive
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Condor Gold* (LON:CNR) – Non-executive director’s share purchase Jangada Mines (LON:JAN) – Further drilling results from the Pitomberias vanadium property Petropavlovsk (LON:POG) – Court ruling remain pending and a new GM requisition SolGol
Condor Gold places shares to raise £6.6mln to advance the La India Project towards production
The group has placed 18.1mln units at 36.5p, with the units comprising one ordinary share in Condor plus half a warrant with a strike price of 40p
SP Angel values Condor Gold at 102.5p per share
Condor Gold has built up a sizeable gold resource at La India
Condor Gold’s first quarter results show systematic de-risking of Nicaragua project
Condor now has 1.12mln ounces of gold permitted for extraction