StockMarketWire.com - Condor Gold booked a first-half loss as it continued to incur costs associated with developing a new gold project in Nicaragua.

Pre-tax losses for the six months through June amounted to £1.3m, narrowing from losses of £3.3m on-year.

Earlier this month, the Nicaraguan Ministry of the Environment and Natural Resources granted the company a key environmental permit for the construction of a plant capable of processing up to 2,800 tonnes per day.

Gold production was expected to be about 80,000 ounces per annum from a single open pit, with the La India project representing a $120 million investment.


At 2:46pm: [LON:CNR] Condor Gold PLC share price was 0p at 44.5p



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