viewCondor Gold PLC

Condor Gold PLC - Permitted Gold Mine with Near-term Production Potential

Condor Gold PLC (LON:CNR) is an AIM and TSX-listed exploration and development company focused on the 100%-owned La India Gold Project, located in Nicaragua.

Condor controls around 98% of the La India Mining District, around 588 km2, which is an impressively large footprint in an under-explored gold district.

In order to advance La India, Condor has adopted a dual strategy to generate shareholder value by advancing the La India project into production alongside continuing exploration, with the target of defining 5mln ounces (moz) of gold ( Au).


The project currently has an NI 43-101 compliant mineral resource estimate of 2.33 moz of gold at a grade of 3.9 g/t Au, which includes a reserve estimate of 675,000 oz of gold at a grade of 3.0 g/t Au. There are many known veins within the region that have only been initially tested or in some cases not tested at all, which could add to both the reserve and resource base with additional exploration.

Condor is permitted to construct, develop and operate a 2,800 tonnes per day (tpd) processing plant with the capacity to produce a 100,000 oz gold per annum at an all-in sustaining cost (AISC) of US$690 per ounce. Condor has completed several economic studies that focus on the core area of the project. These studies demonstrate robust economics, with internal rates of return above 30%, even at a low-gold price of US$1,250/oz.

Condor is currently assessing a number of options for near-term production and cash flow generation at La India. These options could include: a staged development of the mine, starting with a low-capital expenditure mine development initially; or a potential toll treatment agreement with one of the nearby mills.

The next major milestones for the company will be the award of the additional environmental permits for the extraction of ore from the America and Mestiza open pits.

Quick facts: Condor Gold PLC


Price: 41 GBX

Market Cap: £55.32 m

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Condor Gold reveal details of 'very successful drill programme' at La India...

Condor Gold PLC (AIM:CNR, TSX:COG, FRA:W5XA, OTC:CNDGF) (AIM:CNR, TSX:COG, FRA:W5XA, OTC:CNDGF) (AIM:CNR) Mark Child joins Proactive London to talk about their 'very successful drill programme' at La India project in Nicaragua.  All the assay results from the starter pit, part of the La India...

on 19/8/21

24 min read