- Condor Gold posts operating losses of £1.46m for the six months to the end of June - down from £1.6m last time.

Revenues were nil - unchanged from a year ago - and pre-tax losses narrowed to £1.4m from £1.6m.

The company said test work in support of the PFS has continued to advance in the first half of 2015:

· 1,952m drilling completed, excellent drill intercept of 7.6m at 10.2g/t gold outside the main pit extends a high-grade ore shoot to the south and to depth.

· Soil survey programme provides several additional exploration targets.

· Engaged Whittle Consulting to run Enterprise Optimisation software on the technical studies used within the PFS and PEAs.

· Applied for and received a Terms of Reference for an EIA Permit.

· Implementation of several of the IFC's ESAP (Environmental and Social Action Plan) items.

· £2,410,675 at 30th June 2015 is sufficient to execute the current strategy

Story provided by