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Pin to quick picksCondor Gold Share News (CNR)

Share Price Information for Condor Gold (CNR)

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Share Price: 28.00
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IN BRIEF: Condor Gold shares jump on feasibility study in Nicaragua

Mon, 12th Sep 2022 14:36

Condor Gold PLC - mine developer in Nicaragua - Announces completed feasibility study for La India Open Pit based in the north-west of Nicaragua, which is set to generate USD888 million in revenue.

The study estimates around 2.56 grammes of gold per tonne and around 602,000 ounces of gold in total.

Aims to produce around 81,545 ounces of gold per year for the first six years of an 8.4 year mine life. The Surrey-based firm anticipates a gold price of USD1,600 per ounce of gold and low average life of mine all-in sustaining cash costs of USD1,039 per ounce of gold.

Further, La India pit should generate a total revenue of USD888 million, leading to an operating profit of USD408 million, or a 46% operating margin, Chair & Chief Executive Officer Mark Child explains.

Expects a post upfront capital cost net present value of USD86.9 million and an internal rate of return of 23%.

Current stock price: 29.50 pence, up 15% on Monday

12-month change: down 31%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
12 Jun 2014 13:24

Condor Gold Says Exploration Targets Return Positive Trench Results

LONDON (Alliance News) - Condor Gold PLC Thursday said it has extended the original trenching programme at its wholly-owned La India gold project in Nicaragua in response to further geological interpretation and positive assay results. The gold exploration company said it is at an advanced

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5 Jun 2014 09:59

Condor Gold Pretax Loss Narrows On Lower Expenses

LONDON (Alliance News) - Condor Gold PLC Thursday said its pretax loss narrowed in 2013 due to a fall in administrative expenses as the company focused on developments in Nicaragua. The gold exploration company, which is yet to produce any revenues, said its pretax loss narrowed to GBP2.9 m

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8 May 2014 13:42

Condor Gold Awards Services Contract For La India Site To Lycopodium Minerals Canada

LONDON (Alliance News) - Condor Gold PLC Thursday said it has awarded a contract to Lycopodium Minerals Canada Ltd to provide services for its La India Project in Nicaragua. The gold exploration company said Lycopodium would provide a Pre-Feasibility Study level design for a processing plan

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8 May 2014 07:57

Condor Gold awards engineering design contract for La India PFS

AIM-listed mining group Condor Gold has appointed engineering group Lycopodium to provide a pre-feasibility processing plant design for Condor's La India project in Nicaragua. The group expects as a base case to generate 2,300 tonnes per day of ore, processing 800,000 tonnes per annum, if productio

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3 Apr 2014 12:29

Condor Gold Continues To Add Exploration Potential At La India Project

LONDON (Alliance News) - Condor Gold PLC Thursday said additional exploration potential has been shown by a district-scale gold mineralisation geological model of its La India Project in Nicaragua. The gold exploration company said the new model, which permits a greater understanding of the

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26 Mar 2014 14:18

Condor Gold appoints new COO

Condor Gold has appointed Dave Crawford as Chief Operating Officer (COO). He will be responsible for overseeing the company's flagship La India project, which includes a total attributable mineral resource of 18.4m tonnes at 3.9 grams per tonne (g/t) for 2.33m ounces of gold and 2.68 ounces of silv

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26 Mar 2014 12:14

Condor Gold Appoints Dave Crawford As Chief Operating Officer

LONDON (Alliance News) - Condor Gold PLC Wednesday said Dave Crawford has been appointed the chief operating officer of the company in order to develop the company's flagship La India Project in Nicaragua. The gold exploration company said Crawford has 37 years experience in the mining indu

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7 Jan 2014 09:59

Condor Gold Says La India Project Is Mostly Safe From Gold Price Drop

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7 Jan 2014 08:22

AIM IN BRIEF: H&T Says Profit As Expected, But Gold Price Has Hurt

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21 Nov 2013 12:13

DIRECTOR DEALINGS: Condor Gold Chief Executive Exercises Options

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8 Nov 2013 12:05

UK WINNERS & LOSERS: IAG Takes Off, Schroders Continues To Slide

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8 Nov 2013 10:25

Condor Gold Updates Mineral Resource Estimate In Nicaragua, Shares Fall 12%

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21 Oct 2013 09:46

Condor Gold Completes Metallurgical Testwork In Nicaragua

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16 Oct 2013 10:03

Condor Gold Says Geotechnical Study Points To Lower Costs In Nicaragua

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25 Sep 2013 09:16

Condor Gold Pretax Losses Almost Double On Costs

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