Welcome to our dedicated page for Condor Gold news (Ticker: CNDGF), a resource for investors and traders seeking the latest updates and insights on Condor Gold stock.
Condor Gold (CNDGF) provides investors and industry observers with comprehensive updates on its gold exploration activities and strategic initiatives. This dedicated news hub tracks all official communications regarding the company's flagship La India Project in Nicaragua - a fully permitted, construction-ready gold asset with demonstrated economic viability through completed feasibility studies.
Access timely updates including project development milestones, operational progress reports, and corporate announcements. The curated news collection serves as an essential resource for monitoring key developments such as resource expansion updates, partnership agreements, and financial disclosures. All content is sourced directly from company filings and verified press releases to ensure reliability.
Regularly updated content categories include exploration results analysis, permitting status updates, corporate strategy announcements, and market communications. Users can track the company's progress in advancing its high-grade gold resources while maintaining its commitment to sustainable mining practices and community engagement.
Bookmark this page for streamlined access to Condor Gold's latest developments. Check back frequently for authoritative updates on the La India Project's advancement through critical development stages and corporate strategic initiatives.
Condor Gold Plc has announced the issuance of 258,333 new Ordinary Shares at 24 pence each as a bonus for CEO Mark Child for the fiscal year ending December 31, 2022. This move, recommended by the Remuneration Committee and unanimously approved by the Board, aims to enhance the CEO’s compensation. These Payment Shares are expected to be admitted for trading on AIM by April 6, 2023, and are also subject to TSX approval. Following this issuance, the total number of issued shares will rise to 180,790,824. The Company is an
Condor Gold reported its audited results for the year ending December 31, 2022, revealing a loss of £2,532,560, compared to £2,330,003 in 2021. The updated Mineral Resource Estimate for the La India Project shows 1,088,000 oz of indicated gold and 1,190,000 oz inferred. A Feasibility Study estimates a Probable Mineral Reserve of 602,000 oz gold with a production average of 81,545 oz annually over the first six years. The internal rate of return is projected at 23% at a gold price of $1,600/oz, reaching 43% at $2,000/oz. The Company is currently seeking buyers for its assets, with three formal expressions of interest received.
Condor Gold has made significant updates regarding the sale of its assets following a successful Bankable Feasibility Study for the La India open pit project in Nicaragua. The asset sale process is advancing, with the first phase ending as three formal expressions of interest, including two non-binding offers, have been received. Nine companies are currently under a Non-Disclosure Agreement, conducting due diligence. CEO Mark Child expressed confidence in reaching a binding agreement, although he cautioned that there are no guarantees. The feasibility study indicates a high-grade mineral resource estimate of 1.088 million ounces gold in the indicated category.
Condor Gold has announced its progress in the asset sale initiated after a positive feasibility study on the La India Project. As of March 2023, the initial phase of the sales process is concluding, with three expressions of interest received, including two non-binding offers subject to further due diligence. Currently, nine companies are under a Non-Disclosure Agreement, with ongoing site visits. CEO Mark Child expresses confidence in reaching a binding agreement. However, the company cautions that there are no guarantees of completing the sale. The feasibility study indicated substantial gold resources, marking a significant development for Condor Gold and its stakeholders.
Condor Gold Plc has appointed Denham Eke as a Non-Executive Director, following Galloway Limited's subscription for £1 million Unsecured Convertible Loan Notes, now converted into shares at 15 pence each. Denham Eke, who is the sole director of Galloway Limited, represents an 18.7% shareholder, Burnbrae Group, led by Condor's Chairman, Jim Mellon. Eke has extensive experience in various sectors including mining and financial services, and has served in significant roles in multiple companies.
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