Miner logged a pre-tax loss for the period of £352,553, compared to a £602,678 loss a year before, as administrative expenses almost halved.
Condor Gold Mining News
Test at the company's 100%-owned La India gold project in Nicaragua confirmed 95.4% gold recovery from two samples in laboratory conditions.
The company has started the permitting process for two high-grade satellite feeder pits that could increase production at its La India gold project in Nicaragua by 50% to 120,000 ounces a year.
The mineral resource update totalled 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million of indicate ounces, a surge of 57,000 ounces from the previous update.
Nicaragua’s Ministry of Energy and Mines granted the company the Las Cruces concession, expanding its La India project package by 45% to 455.6 km2.
The company extended known targets and discovered new high-grade vein systems at its La India gold project in Nicaragua.
Condor gold receives environmental permit to construct and operate a new mine at LA India project, Nicaragua
Condor Gold has received an environmental permit for the development, construction and operation of a processing plant and its associated mine site infrastructure at its La India Gold Project, located in Leon, Nicaragua.
Despite the political unrest in the Central American country, Condor has received an environmental permit for the development of a processing plant and associated mine site infrastructure at La India gold project.
Shares jumped after the company said it had submitted additional technical studies to environmental and natural resources authority for permitting approval at its La India project.