StockMarketWire.com - Condor Gold said it had been granted a time extension by Nicaraguan authorities to meet conditions associated with the granting of an environmental permit for its La India project.

In August 2018, Condor said it had received a permit to construct and operate a new mine, subject to conditions that must be settled to allow construction to commence within 18 months.

The company, however, has yet to complete a land acquisition for its mine site infrastructure in time.

'The Ministry of Environment and Natural Resource has now granted an extension to the timeline to acquire the land and/or for the company to reach legal agreements with the landowners to sell the land,' Condor said.

The company said it was making good progress with the completion of two environmental impact assessments, which would it said would be submitted to the ministry in the second half of 2019.


At 9:43am: [LON:CNR] Condor Gold PLC share price was +0.5p at 18.5p



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