Condor Gold Plc
Condor Gold is Dual listed on the AIM market of the London Stock Exchange and the Toronto Stock Exchange. The strategy is to permit and construct a base case processing plant producing approximately 100,000 oz gold per annum and prove a major gold district of 5 million oz gold at La India Project, Nicaragua.
Condor Gold currently has a high-grade gold mineral resource of 2.33M oz gold at 4.0g/t gold, which contains an economic probably mineral reserve of 6.9 million tonnes at 3.0 grammes per tonne gold for 675,000 ounces gold. The high grade means the breakeven all in sustaining cash costs are low at US$700 per oz gold. The internal rate of return is approximately 30%.