Condor Gold CEO: rising gold price boosts interest in La India project in Nicaragua

Proactive - Interviews for investors

Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) CEO Mark Child speaks with Proactive's Stephen Gunnion about the heightened interest in the company’s gold assets in Nicaragua, driven by the current high gold price. Child shared insights from recent industry conferences, where he met with several potential buyers. He highlighted the significance of having fully permitted mining projects like Condor Gold’s La India, which has seen several non-binding offers, including one from a Chinese group. Child emphasised how Condor's feasibility studies demonstrate significant improvements in project economics, driven by gold prices of $2,400 per ounce or higher. According to Child, the project’s Net Present Value (NPV) and EBITDA have doubled, making it more attractive to buyers. He also underlined the importance of strategic patience in securing a deal that benefits shareholders. Child remains optimistic, stating that Condor Gold’s fully permitted project and ongoing land acquisitions in Nicaragua position the company for a favourable outcome in negotiations. Remember to like this video, subscribe to the channel, and enable notifications for more updates from Proactive. #CondorGold #GoldMining #MarkChild #GoldPrices #NicaraguaMining #MiningInvestments #PreciousMetals #GoldProject #MiningDeals #GoldExploration #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews