Condor Gold (LON:CNR) has formally submitted an application for an environmental permit for an open pit mine, a CIL processing plant and associated infrastructure at its La India Project, Nicaragua.
The environmental impact assessment (EIA) describes a processing plant that will have a capacity of between 2,200 tonnes per day (tpd) - 0.8mln tonnes annually and 2,800tpd, or one million tonnes per annum (tpa). It includes processing of an additional 10,000 oz of gold annually from artisanal miners through the main processing plant.
Mark Child chief executive, said: "Condor Gold's completion of an Environmental Impact Assessment and application for an Environmental Permit was a key objective for us in 2015 and is a major step towards our plan of fully permitting a gold mine initially producing circa 100,000 oz gold pa from a single pit.
“The two feeder pits and underground production will be permitted at a later stage and could increase annual gold production by over 50%.”