Description

According to IFC’s disclosures, Condor Gold is a dual listed AIM and TSX junior exploration company based in London, and focused on gold exploration in Nicaragua. The Company holds a total of 386.26 km2 of licensed concessions in Nicaragua, with eight concessions that comprise La India, the company’s flagship project. Condor holds its Nicaraguan concessions through two wholly owned subsidiaries incorporated in Nicaragua (Condor S.A. and La India Gold S.A.). IFC’s equity investment in Condor is to support its exploration program at La India, and to fund studies required to advance the La India Project from Pre-Feasibility Study to Bankable Feasibility Study. The project is classified as Category B, denoting potential limited adverse environmental and social risks.