Dual-listed Condor Gold has been granted an extension to the timeframe to acquire land in Nicaragua or to reach legal agreements with landowners for a new mine producing 80 000 oz/y to 100 000 oz/y.
Condor Gold in August last year received an environmental permit to operate a mine processing up to 2 800 t/d of mineralised ore at its La India project, but had to satisfy certain conditions to start construction within 18 months of the grant.