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Condor Gold updates mining licence permit for Nicagura gold project

A gold mining company, with a key focus on Central America, has submitted further details on a mining licence permit application for a project in Nicagura.

Condor Gold announced in a statement that it had supplied an additional 450 pages of technical studies to the Ministry of Environment and natural Resources in Nicagura (MARENA) for its proposed Mina LA India project.

The additional information is in response to questions raised regarding the potential need to resettle the local La Cruz de La India village.

Condor amended its existing Environmental and Social Impact Assessment (ESIA), which highlights plans to construct and operate a processing plant with capacity to process up to 2,800 tonnes per day or one million tonnes per annum, without the need to resettle approximately 330 houses or 1,000 people.

Total gold production is expected to be approximately 80,000 oz gold per annum.

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 “Last week I was in Nicaragua and held a very constructive meeting with the Minister of Energy and Mines,” said Mark Child, Chairman and Chief Executive Officer of Condor.

“The re-designed mine site infrastructure has been well received and a potential obstacle to permitting has been removed. A final inspection of the re-designed mine site infrastructure by three Ministries and related parties took place in March. The site visit inspection prompted several technical questions, which have been formally answered. I remain confident that Condor is close to receiving permitting approval for Mina La India, which is expected to produce approximately 80,000 oz gold per annum from a single open pit.”

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