Condor Gold shares rise after annual results

The price of shares in AIM-listed miner Condor Gold (LON:CNR) have risen by 3.53% to 22p (as of 10:45 GMT) as its loss before tax narrowed during the year ended 31st December. The company cut its administrative expenses by more than a million pounds, which was the key factor in reducing its loss by 23.9%.

Since the company is still developing its La India project, it received no revenue during the year, but progress continued and the firm received a permit to develop and construct a processing plant on the site.

Condor Gold will be exhibiting at the Master Investor Show 2019 in London on 6th April where you’ll be able to find out more about their business.