- Condor Gold said it had revamped plans for an open-pit gold mine in Nicaragua to avoid the need resettle around 330 homes, or 1,000 people.

The company formally submitted an amendment to an environmental and social impact assessment to reflect the change.

'Condor has been in constructive dialogue for several months with Nicaraguan government officials at minister level to permit the construction and operation of a new gold mine at Mina La India, Nicaragua,' chief executive Mark Child said.

'The general feedback has been that permitting will be much easier if the mine can be redesigned to proceed without resettling 1,000 people.'

The new plans also included a relocation of the processing plant around 1,200 meters from the village.

'I am delighted to say that Condor's technical team believe that the La India project is both technically viable and economically attractive to proceed with a redesigned open pit,' Child said.

At 2:27pm: [LON:CNR] Condor Gold PLC share price was +2.5p at 55p

Story provided by