https://www.miningweekly.com

Condor receives nonbinding acquisition offers

2nd December 2024

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Canadian exploration and development company Condor Gold has confirmed it has received two nonbinding acquisition offers, one from Calibre Mining and the other from Metals Exploration, potentially paving the way for a future offer to acquire the company.

Condor, listed on both the TSX and Aim, has focused its efforts on the exploration and development of gold assets in Nicaragua, with its flagship project being the La India gold asset. The company has been exploring strategic options for this asset for the past two years, following the initiation of a formal sale process.

In response to Condor’s announcement, Calibre clarified its position, noting that while it had previously engaged in discussions regarding the potential acquisition of the La India gold asset, it was not currently in talks and did not have an active offer on the table. "At this time, unless Condor is willing to reengage in meaningful discussions, Calibre does not envision completing an acquisition," stated the TSX-listed company in a release.

Metals Exploration – a UK-listed company focused on gold projects in the Philippines – appears to be further along in its negotiations, according to a report by SkyNews. The report indicated that Metals Exploration is nearing a cash-and-stock deal to acquire Condor Gold. The company, which owns the Runruno gold project in the Philippines, is backed by financier Nick Candy, a prominent shareholder.

SkyNews reports that a deal could be announced as soon as this week.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 02 October 2026
Magazine round up | 02 October 2026
2nd October 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.041 0.064s - 110pq - 2rq
Subscribe Now