Condor Gold PLC - mine developer in Nicaragua - Revenue falls 35% to USD34.7 million in the six months to June 30 from USD54.1 million a year before. Records a pretax profit of USD5.4 million, down 65% from USD15.4 million. Explains that all operations at its Caijiaying zinc-gold mine were suspended in the first quarter, due to mandatory governmental suspensions in China in relation to the Winter Olympics, Paralympics, and the Chinese New Year. Reports record second quarter zinc production. Believes it is well positioned for the second half of 2022 and 2023, after the successful restart of production in the second quarter.
Current stock price: 23.40 pence
12-month change: down 48%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Condor Gold (CNR)