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Condor Gold narrows losses on Nicaragua sale proceeds

By BFN News | 07:35 AM | Friday 14 August, 2020


Gold exploration and development company Condor Gold reported narrower annual losses after it banked proceeds from the disposal of a project in Nicaragua. For the six-month period to 30 June 2020, pre-tax losses narrowed to £355K from £652K. The company generated proceeds of £478k from the sale of its Potrerillos exploration and exploitation concession in Nicaragua. Condor said it continued to de-risk the La India project by 'fulfilling conditions of the Environmental Permit to construct and operate a new mine at La India by making significant progress with land acquisition, engineering and other technical studies.' 'The objective remains to commence site preparation and place a deposit on a processing plant by the end of 2020,' it added. Story provided by StockMarketWire.com

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