Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) said it has received five non-binding offers and organised three site visits after putting its assets in Nicaragua up for sale last November.
Additional enquiries have been received in the past two weeks, Condor said in a statement.
Mark Child, Condor chief executive, added: "There remains substantial interest from gold producers to acquire the company's assets.
“Wholly owned, fully permitted, construction-ready gold mines with potential production of 150,000 oz gold per annum, in major Gold Districts, with the land and a new SAG Mill package purchased and a construction period of only 18 months are rare.
“There are currently eight companies under NDAs, five non-binding offers received and three site visits completed.
“Companies under NDAs have access to a virtual data room, which includes all drill data, technical studies to Feasibility Study level, details of permits to construct and operate a mine and financial models.
“While the sales process is taking longer than anticipated, new enquires continue to be received, the board is confident that a binding agreement will be reached. Investors will be updated in due course."