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Condor Gold sees more interest in La India as metal price climbs

Published 27/09/2024, 07:47
© Reuters Condor Gold sees more interest in La India as metal price climbs
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Proactive Investors - Condor Gold PLC (LON:CNDR) reiterated there continues to be significant interest in the sale of the company's assets in Nicaragua with discussions ongoing with several interested parties.

The significantly higher gold price has resulted in more interest in the acquisition of the company's assets, Condor said in the statement.

Condor added that several new parties have recently been given access to the data room and indicated a wish to conduct site visits.

Land acquisition has also continued at the La India open pit and associated mine site infrastructure and to date, 99.6% of the core areas have been purchased.

Burnbrae Group, wholly owned by Jim Mellon, Condor's Chairman, now owns 26.13% of Condor.

Losses for the six months to end June 2024 £518,000 (£965,000) with a net cash balance of £1.08 million at the end of the period.

Read more on Proactive Investors UK

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