Condor Gold

Condor Gold

  • Location: Nicaragua
  • Tickers:
    • LSE:CNR
    • TSX:COG
  • Commodities:
    • Gold
  • Project Stages:
    • Development
    • Exploration

Condor Gold (“Condor” or the “Company”) is listed on the AIM market, ticker CNR and the TSX ticker COG. On 25 October 2021 Condor announced the filing of a Preliminary Economic Assessment Technical Report (“PEA”) for its La India Project, Nicaragua, filed on SEDAR. The highlight of the technical study is a post-tax, post upfront capital expenditure NPV of US$418 million, with an IRR of 54% and 12 month pay-back period, assuming a US$1,700 per oz gold price, with average annual production of 150,000 oz gold for the initial 9 years. The open pit mine schedules have been optimised from designed pits, bringing higher grade gold forward resulting in average annual production of 157,000 oz gold in the first 2 years from high grade, open pit material and subsequent underground mining funded out of cashflow.

The Company’s La India Project is “construction ready”, having received the key Environmental Permit to construct and operate a 2,800tpd mine producing approximately 100,000 oz gold per annum from 3 open pits. In March 2021, Condor purchased a new SAG Mill package form First Majestic Silver for US$6.5M including US$3.0M in shares. The Mill has capacity of 2,300tpd and can be increased to 2,800tpd with a larger motor. The land has been purchased and site clearance completed for the processing plant. A Feasibility Study on La India open pit is due shortly. Condor’s La India Project has the potential to host an additional ~5M oz gold and has potential for copper.

Condor Gold
  • lse: cnr

    • 1.26 (4.71%)

* Based on previous 24 hours performance

  • lse: cnr

    • 1 (3.7%)

* Based on previous 7 days performance

  • lse: cnr

    • 5.5 (24.44%)

* Based on previous 12 weeks performance

  • lse: cnr

    • -3.25 (-10.4%)

* Based on previous 12 months performance

Open 27.90000 Volume 0
High 28.00000 52w High 41.00000
Low 27.85000 52w Low 20.45000
Close 28.00000

* 04 October 2022 (GBp)

  • tsx: cog

    • 0.055 (12.64%)

* Based on previous 24 hours performance

  • tsx: cog

    • 0.045 (10.11%)

* Based on previous 7 days performance

  • tsx: cog

    • 0.135 (38.03%)

* Based on previous 12 weeks performance

  • tsx: cog

    • -0.19 (-27.94%)

* Based on previous 12 months performance

Open 0.49000 Volume 0
High 0.49000 52w High 0.82000
Low 0.49000 52w Low 0.31000
Close 0.49000

* 30 September 2022 (CAD)