Condor Gold is Dual listed on the AIM market of the London Stock Exchange and the Toronto Stock Exchange. In July 2018 the Company was granted the key Permit to Construct and operate a 2,800tpd mine. The strategy is to construct a base case processing plant producing approximately 100,000 oz gold per annum and prove a major gold district of 5 million oz gold at La India Project, Nicaragua.
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 all in sustaining cash costs are low at US$700 per oz gold.
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