Wednesday, October 26, 2022
10:07 AM EST – Condor Gold : Announced the filing of a Feasibility Study Technical Report, sometimes referred to as a Bankable Feasibility Study on the La India open pit, which forms part of the larger La India Project, Nicaragua. The 2022 FS demonstrates a robust and economically viable base case for the La India open pit: Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold; Production averages 81,545 oz gold per annum for the first 6 years of an 8.4 year mine life; An Internal Rate of Return of 23% and a post tax, post upfront capital cost NPV of $86.9 million U.S. using a discount rate of 5% and price of $1,600 U.S. oz gold (Mineral Reserve Case). An Internal Rate of Return of 43% and a post-tax, post-upfront capital cost NPV of $205.2 million U.S. using a discount rate of 5% and price of $2,000 U.S. oz gold. Condor Gold
(T.COG) shares were unchanged at 0.41.
Stocks in Play: Condor Gold, Wed, 26 Oct 2022 10:12:06 EST