Welcome to our dedicated page for Condor Res news (Ticker: CNRIF), a resource for investors and traders seeking the latest updates and insights on Condor Res stock.
Condor Resources Inc. reports developments for a precious and base metals exploration portfolio in Peru. News centers on Pucamayo, its high-sulfidation epithermal flagship project; Huiñac Punta, a carbonate-replacement silver and base-metals target; and Cobreorco, a copper-gold skarn and porphyry project advanced under an option and joint venture arrangement with Teck Perú.
Recurring updates include Peruvian exploration permits, geological and geophysical target definition, partner-funded project activity, portfolio transactions such as the completed sale of the Soledad project, and capital actions including private placements, unit and warrant terms, insider participation, and TSX Venture Exchange matters.
Condor has received a rescheduled payment of US$220,000 from Element79 Gold for the Lucero project, part of a US$3.5 million deal payable over five years. Notably, the total consideration could increase to US$4.0 million or US$6.0 million if the gold price exceeds US$2,500 or US$3,000 per ounce, respectively, at the time of the final payment. To date, Condor has received US$965,000, with the next US$1,000,000 payment due by December 21, 2024.
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