Condor Gold (CNR)

Sector:

Mining

Index:

FTSE AIM All-Share

25.00p
   
  • Change Today:
    -0.25p
  • 52 Week High: 34.50
  • 52 Week Low: 14.00
  • Currency: UK Pounds
  • Shares Issued: 199.87m
  • Volume: 184,315
  • Market Cap: £49.97m
  • RiskGrade: 301

Condor Gold makes further progress at La India

By Josh White

Date: Thursday 13 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Condor Gold said on Thursday that it has made "significant progress" meeting the terms of its environmental permit for the development and exploitation of gold from the La India open pit in Nicaragua.
The AIM-trade firm said the permit was also for the associated mine site infrastructure, and the construction and operation of a processing plant with capacity of up to 2,800 tonnes per day, for a new gold mine at the project.

Condor has 1.12 million ounces of gold open pit mineral resources permitted for extraction, inclusive of a mineral reserve of 6.9 million tonnes at three grams of gold per tonne for 675,000 ounces of gold.

The company said it had acquired 85% of the land within the permitted La India open pit mine site infrastructure, including the key areas of the processing plant, tailings storage facility, open pit, waste dump area, and explosive magazine.

It said the tailings storage facility and two water retention ponds were being fully designed by Tierra Group, with 40% of the engineering designs completed.

The design of the site-wide water balance, including a surface water management plan, was underway, and had been awarded to SRK Consulting UK.

Preliminary designs for the layout of the mine site infrastructure including, in some detail, the designs for the location of the processing plant had also been completed, with mine and waste dump schedules for a number of mining scenarios finished as well.

The power studies had been progressed, the board said, and several meetings held with the Ministry of Energy and Mines.

"Condor has made excellent progress advancing the La India Project to a construction decision and has acquired 85% of the land within the permitted La India open pit mine site infrastructure, including the location of the processing plant, tailings storage facility, open pit, waste dump area, explosive magazine, office and accommodation blocks and other key component areas required for the mine," said chairman and chief executive officer Mark Child.

"This significantly de-risks the project."

Child said solid progress had also been made with the engineering studies.

"It remains our intention to buy the remainder of the land this year and commence site preparation, while significantly advancing the engineering studies and placing a deposit on a processing plant."

At 1325 BST, shares in Condor Gold were up 2.8% at 51.4p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Condor Gold Market Data

Currency UK Pounds
Share Price 25.00p
Change Today -0.25p
% Change -0.99 %
52 Week High 34.50
52 Week Low 14.00
Volume 184,315
Shares Issued 199.87m
Market Cap £49.97m
RiskGrade 301

Condor Gold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.40% above the market average16.40% above the market average16.40% above the market average16.40% above the market average16.40% above the market average
6.87% above the sector average6.87% above the sector average6.87% above the sector average6.87% above the sector average6.87% above the sector average
Price Trend
37.60% above the market average37.60% above the market average37.60% above the market average37.60% above the market average37.60% above the market average
66.43% above the sector average66.43% above the sector average66.43% above the sector average66.43% above the sector average66.43% above the sector average
Income Not Available
Growth Not Available

Condor Gold Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 2,000 @ 25.00p
16:35 2,000 @ 25.00p
15:54 25,000 @ 25.50p
15:46 11,666 @ 25.03p
15:36 448 @ 25.18p

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