Condor Gold Plc. | Accountability Console
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Condor Gold Plc.

Sectors

Extractives (oil, gas, mining)

Description:

Projects in this Sector: 81

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Issues Raised

Biodiversity

Description:

Projects with this Issue Raised: 104

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Consultation and disclosure

Description:

Projects with this Issue Raised: 385

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Displacement (physical and/or economic)

Description:

Projects with this Issue Raised: 331

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Due diligence

Description:

Projects with this Issue Raised: 387

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Environmental

Description:

Projects with this Issue Raised: 272

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Retaliation (actual or feared)

Description:

Projects with this Issue Raised: 39

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Water

Description:

Projects with this Issue Raised: 165

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Project Information

Investment ID: 32519

Bank: IFC/MIGA

Environmental Category: B

Country: Nicaragua

Region: Latin America and the Caribbean

Approval Date: None

Investment Types: Equity

Total Project Cost: No recorded data on this

Total Complaints: 1

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.

Investments

Investment Type ID Amount Status Bank Client
Equity 32519 USD 10.0 million Planned IFC Condor Gold Plc

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