Member Company Profile

Condor Gold

CNR:LN|Last Price: USD 0.39|Market Cap: USD 25.86 M

USD 0.17        USD 0.62


Gold Price: $1,775.30|Silver Price: $18.02|Platinum Price: $811.00|Palladium Price: $1,920.00|Gold:Silver: 98.5


European Gold Forum 2019

  Webcast|Presentation: April 11, 2019, 8:55 AM (CEST)|Presenter: Mark Child, Chairman


Status: Developer|Primary Mineral: Gold|Primary Country of Operation: Nicaragua


Last Updated: April 17, 2020

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IR Contact

Verity Orsborn
+44 (20) 7493-2784
[email protected]
www.condorgold.com

Address

22a St James's Square
London SW1Y 4JH
United Kingdom

Cautionary Information

© Copyright 2020, Denver Gold Group & Condor Gold.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Condor Gold is listed on the AIM market of the London Stock Exchange and the Toronto Stock Exchange. The Company has the key Permit to construct and operate a 2,800tpd mine producing approximately 100,000 oz gold per annum from la India open pit. Condor is currently permitting 2 high grade feeder pits that can increase production by 50% compared to the PFS. The Company is currently completing all engineering studies to make the Project “shovel ready” and break ground at the end of the year. The Company is running a number of mining scenarios ahead of a construction decision, including a minimum capex, maximum cashflow scenario.

Condor Gold currently has a high-grade gold mineral resource of 2.33M oz gold at 4.0g/t gold, which contains an economic probably mineral reserve of 6.9 million tonnes at 3.0 grammes per tonne gold for 675,000 ounces gold. The high grade means the breakeven all in sustaining cash costs are low at US$700 per oz gold. The internal rate of return is approximately 31%. A second part of the strategy is to prove a 5M oz gold district.

Value Drivers
  • Permitting two high grade satellite feeder pits containing 230,000 oz gold at 5.5g/t gold will increase production to 120,000 oz gold per annum for years
  • Near term cash flow opportunity of mining a “mini pit” within the permitted pit and trucking the ore to nearby processing plants
  • Proving a 5M oz Gold District on La India Project via additional drilling
Top Shareholders
  • Jim Mellon
  • Nicaraguan Milling Company Ltd
  • Ross Beaty
Management
Chairman: Mark Child
CEO: Mark Child
CFO: Jeffrey Karoly
COO: Dave Crawford
General Manager: Aiser Sarria Sirias
Senior Geologist: Carlos Pullinger
Consultant Geologist: Dr Warren Pratt
Non-Executive Director: Jim Mellon
Non-Executive Director: Andrew Cheatle
More Detail
Capital Structure
Common Shares Outstanding: 95,163,522
Fully Diluted Shares: 95,163,522

IR Contact

Verity Orsborn
+44 (20) 7493-2784
[email protected]
www.condorgold.com

Address

22a St James's Square
London SW1Y 4JH
United Kingdom

Cautionary Information

© Copyright 2020, Denver Gold Group & Condor Gold.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.