https://www.miningweekly.com

Mellon becomes Condor Gold chair

12th October 2022

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Dual-listed Condor Gold has appointed Jim Mellon as nonexecutive chairperson, it announced on Tuesday.

Mellon has been a nonexecutive chairperson of Condor, which owns assets in Nicaragua, for several years and is the biggest shareholder with an 18.7% shareholding in the company.

"Following the recent release of a positive bankable feasibility study (BFS) on the fully permitted La India project, I look forward to continuing to work with Mark Child, the CEO, to maximise the value for all shareholders of this construction-ready gold mine and determine the path forward as the project progresses to a construction phase."

The BFS, released last month, is based on a probable mineral reserve of 7.3-million tonnes of ore grading 2.56 g/t for 602 000 oz. The study envisages a production rate of 81 545 oz/y for the first six years of an 8.4-year mine life.

Capital costs have been estimated at $105.5-million. The study calculated an internal rate of return of 23% and a net present value, using a 5% discount, of $86.9-million.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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 0.902s - 110pq - 2rq
Subscribe Now