Condor Gold PLC (LON:CNR) boss Mark Child thinks the group can produce a lot more than 100,000 ounces of gold a year in Nicaragua.
The AIM quoted gold company this week inked agreements with three of the country’s government ministers, supporting it as it advances the La India project.
“We’re trying to permit a gold processing plant of 2,800 tonnes a day that can produce 100,000 ounces of gold a year, and that’s our base case,” Child told Proactive Investors.
“We think we can produce a lot more than that,” Child ventured, “but for the moment we’re getting just 100,000 ounces permitted.”
Child said it had passed the major milestones of completing all of the technical studies, and both the company and the Nicaraguan government are looking to moving on to the next stage.
Condor hopes it will get the permits in the first half of next year, but Child notes the company is not the one issuing the permits, and it is beholden to the government on that front.
it had passed the major milestones of completing all of the technical studies, and both the company and the Nicaraguan government are looking to moving on to the next stage.
Condor hopes it will get the permits in the first half of next year, but Child notes the company is not the one issuing the permits, and it is beholden to the government on that front.