Welcome to our dedicated page for Condor Gold Plc news (Ticker: $CNDGF), a resource for investors and traders seeking the latest updates and insights on Condor Gold Plc stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Condor Gold Plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Condor Gold Plc's position in the market.
Condor Gold announced its audited results for the year ended 31 December 2023 and the upcoming Annual General Meeting on 28 June 2024. The company received five non-binding offers for its Nicaraguan assets, with advanced discussions ongoing. The company's mineral resources include 893,000 oz of gold in open pit indicated resources and 291,000 oz in inferred resources, along with significant underground resources. The Feasibility Study for the La India open pit shows an IRR of 43% at a gold price of $2,000/oz and a low initial capital requirement of $105.5 million. Condor has made progress in land acquisition and site preparation. Financially, the company reported a loss of £1.7 million for 2023, raised £3.25 million, and has a net cash balance of £1.97 million. Ongoing efforts aim to conclude a sale of the La India project in the near future.