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Condor Resources Inc. - $CNRIF STOCK NEWS

Welcome to our dedicated page for Condor Resources news (Ticker: $CNRIF), a resource for investors and traders seeking the latest updates and insights on Condor Resources 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 Resources'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.

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Rhea-AI Summary

Condor has received a rescheduled payment of US$220,000 from Element79 Gold for the Lucero project, part of a US$3.5 million deal payable over five years. Notably, the total consideration could increase to US$4.0 million or US$6.0 million if the gold price exceeds US$2,500 or US$3,000 per ounce, respectively, at the time of the final payment. To date, Condor has received US$965,000, with the next US$1,000,000 payment due by December 21, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.8%
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Rhea-AI Summary
Condor Resources Inc. appoints Chris Buncic as President and CEO, succeeding Lyle Davis. Buncic brings over 24 years of experience in the mining industry and capital markets. The company also grants stock options and Performance Share Units to Buncic. Condor focuses on exploration in Peru with a project generator and royalty model.
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Rhea-AI Sentiment
End-of-Day
-91.67%
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Rhea-AI Summary
Condor Resources Inc. (CNRIF) announces revised payment terms with Element79 Gold Corp. for the Lucero project. The agreement involves restructuring a $375,000 payment, with cash payments and issuance of units. Element79 will also pay an additional $30,000 in cash. Condor focuses on exploration in Peru to discover new precious metals or base metals deposits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.48%
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Rhea-AI Summary
Condor Resources Inc. announces positive assay results from the maiden diamond drill program at the Pucamayo East project in Peru. Encouraging intercepts include high-grade gold and silver mineralization, indicating significant potential in the area.
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Rhea-AI Sentiment
End-of-Day
-67.74%
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Rhea-AI Summary
Condor Resources Inc. (CNRIF) has reached an agreement with Element79 Gold Corp. to revise payment terms for the Lucero project. Element79 will issue common shares to satisfy 25% of the $500,000 payment, with the remaining balance due by March 31, 2023. In return, Condor will receive a bonus of $12,500 in Element79 shares. All other terms of the sale remain unchanged. Condor is focused on exploration in Peru, aiming to discover new precious or base metals deposits.
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Rhea-AI Summary
Condor Resources Inc. (TSXV:CN) successfully completed a diamond drill program at its Pucamayo East project in Peru. The program included 2,353m in nine drillholes, focusing on high sulphidation type epithermal gold and silver mineralized outcropping ledges, as well as multi phase stockwork and alteration interpreted to be a porphyry system associated with anomalous gold and copper. The company aims to discover a major new precious metals or base metals deposit in Peru, managing exploration activities with a focus on minimizing shareholder dilution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.68%
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Rhea-AI Summary
Condor Resources Inc. has started diamond drilling at its Pucamayo East project in Peru.
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47.62%
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Rhea-AI Summary
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-7.14%
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Rhea-AI Impact
Rhea-AI Sentiment
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-6.67%
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Condor Resources Inc.

OTC:CNRIF

CNRIF Rankings

CNRIF Stock Data

16.93M
104.50M
13.89%
19.4%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Vancouver