GODALMING, UK / ACCESSWIRE / November 14, 2022 / Condor Gold (AIM:CNR)(TSX:COG) announces that it has today published its unaudited financial results for the three and nine months ending 30 September, 2022 and the Management's Discussion and Analysis for the same period.
Both of the above have been posted on the Company's website and are also available on SEDAR at .
Highlights for the third quarter of 2022
- Feasibility Study confirmatory metallurgical testwork demonstrated that gold recovery is independent of grade and a fixed gold recovery of 91% assuming a 75 micron grind size is being used in the project economics
- Gold extraction from the 11 variability composites averaged 92.6% at the 75 micron grind size, which is reduced by 2% to allow for gold being locked up in the processing plant.
- At a finer grind size of 53 microns an average gold extraction of 94.7% was achieved, indicating a potential upside gold recovery of about 93%.
- Updated Mineral Resource Estimate of 9,672 kt at 3.5g/t gold for 1,088,000 oz gold in the indicated mineral resource category and 8,642 kt at 4.3 g/t gold for 1,190,000 oz gold in the inferred mineral resource category.
- The open pit Mineral Resource Estimate is 8,693 kt at 3.2 g/t gold for 893,000 oz gold in the indicated mineral resource category and 3,026 kt at 3.0 g/t gold for 291,000 oz gold in the inferred mineral resource category.
- Total underground Mineral Resource Estimate is 979 kt at 6.2 g/t gold for 194,000 oz gold in the indicated mineral resource category and 5,615 kt at 5.0 g/t gold for 898,000 oz gold in the inferred mineral resource category.
- The Cacao Mineral Resource has increased 69% to 1,164 kt at 2.5g/t gold for 101,000 oz gold in the inferred mineral resource category. The deposit remains 'open' on strike and at depth.
- Updated geological interpretations and integrated litho-structural, weathering and mineralisation models are integrated in the MRE and reflect the higher degree of detail that is warranted for a Feasibility level of study on La India Open Pit. This is supported by closer-spaced diamond drilling within the upper portion of the main La India pit, along with additional detailed deposit-scale surface mapping.
On 12 September 2022, the 2022 Feasibility Study demonstrates a robust and economically viable base case for the La India open pit:
- Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold
- Production averages 81,545 oz gold per annum for the first 6 years of an 8.4 year mine life
- An Internal Rate of Return ("IRR") of 23% and a post tax, post upfront capital cost NPV of US$86.9 million using a discount rate of 5% and price of US$1,600 oz gold (Mineral Reserve Case).
- An Internal Rate of Return ("IRR") of 43% and a post tax, post upfront capital cost NPV of US$205.2 million using a discount rate of 5% and price of US$2,000 oz gold.
- Low initial capital requirement of US$105.5 million (including contingency and EPCM contract)
- Low average Life of Mine All-in Sustaining cash costs US$1,039 per oz gold
Post Period Highlights
- 12 October 2022. Jim Mellon assumed the Chairmanship of Condor Gold
- 26 October 2022. Feasibility Study Technical Report filed on SEDAR
Mark Child, Chief Executive of Condor Gold, commented:
"During the third quarter of 2022, Condor Gold continued on its journey of de-risking the La India Gold Project, advancing the Project to near construction-ready status. The Company's strategy has been to develop the fully permitted La India Project in 2 stages using the new SAG Mill that has already been purchased. The delivery of a Feasibility Study on La India open pit with an average of 81,524 oz gold per annum for the initial 6 years for a relatively low total upfront capital cost of US$106 Million is a landmark and further de-risks the Project. At US$1,600 oz gold, the La India open pit Mineral Reserve produces total revenues of US$888 Million, the total operating costs of mining, process and G&A are US$480M, leading to an operating profit of US$408 Million or a 46% operating margin. After government and other royalties, but before sustaining capital, the operating profit is US$355M, which in Condor's opinion is ample to repay any project debt on the relatively low upfront capex. At US$2,000 oz gold after paying royalties, but before sustaining capital the operating profit is US$563 Million. In reality, two permitted high grade feeder pits will be added during the early years of production thus increasing production ounces of gold. Early production is targeted at 100,000 oz gold p.a..
The plan is to materially expand production with a stage 2 expansion by converting existing Mineral Resources into Mineral Reserves and an associated integrated mine plan. On 25 October 2021, the Company announced the results of a Preliminary Economic Assessment and filed on SEDAR a technical report entitled "Condor Gold Technical Report on the La Indian Gold Project, Nicaragua, 2021" detailing average annual production of 150,000 oz of gold over the initial 9 years of production from open pit and underground Mineral Resources and provides an indication of a production target. Outside the main La India open pit Mineral Reserve, there are additional open pit Mineral Resources on four deposits (America, Mestiza, Central breccia and Cacao) which represent an aggregate 206 Kt at 9.9 g/t gold for 66,000 oz in the indicated Mineral Resource category and 2.1Mt at 3.3 g/t gold for 223,000 oz gold in the inferred Mineral Resource category. In addition, there is an aggregate underground Mineral Resource (La India, America, Mestiza, Central Breccia San Lucas, Cristalito-Tatescame, and Cacao) of 979Kt a 6.2 g/t for 194,000 oz gold in the indicated Mineral Resource category and 5.6Mt at 5.0 g/t gold for 898,000 oz gold in the inferred Mineral Resource category."
CONDOR GOLD PLC
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE THREE AND NINE MONTHS TO 30 SEPTEMBER 2022
| Nine months to 30.09.22 unaudited £ | | | Nine months to 30.09.21 unaudited £ | | | Three months to 30.09.22 unaudited £ | | | Three months to 30.09.21 unaudited £ | |
Revenue | | | | - | | | | - | | | | - | | | | - | |
Share based payments | | | (355,241 | ) | | | (351,554 | ) | | | (66,335 | ) | | | (151,963 | ) |
Administrative expenses | | | (1,557,925 | ) | | | (1,254,133 | ) | | | (472,855 | ) | | | (439,864 | ) |
Operating loss | Note 3 | | | (1,913,166 | ) | | | (1,605,687 | ) | | | (539,191 | ) | | | (591,827 | ) |
Finance income | | | 4,025 | | | | - | | | | 2,440 | | | | - | |
Loss before income tax | | | (1,909,141 | ) | | | (1,605,687 | ) | | | (536,751 | ) | | | (591,827 | ) |
Income tax expense | Note 4 | | | - | | | | - | | | | - | | | | - | |
Loss for the period | | | (1,909,141 | ) | | | (1,605,687 | ) | | | (536,751 | ) | | | (591,827 | ) |
Other comprehensive income/(loss): | | | | | | | | | | | | | | | | |
Currency translation differences | | | 6,317,109 | | | | (5,025 | ) | | | 3,046,404 | | | | 619,603 | |
Other comprehensive income/(loss) for the period | | | 6,317,109 | | | | (5,025 | ) | | | 3,046,404 | | | | 619,603 | |
Total comprehensive profit/(loss) for the period | | | 4,407,968 | | | | (1,610,712 | ) | | | 2,509,653 | | | | 27,776 | |
Loss attributable to: | | | | | | | | | | | | | | | | |
Non-controlling interest | | | - | | | | - | | | | - | | | | - | |
Owners of the parent | | | (1,909,141 | ) | | | (1,605,687 | ) | | | (536,751 | ) | | | (591,827 | ) |
| | (1,909,141 | ) | | | (1,605,687 | ) | | | (536,751 | ) | | | (591,827 | ) |
Total comprehensive profit/(loss) attributable to: | | | | | | | | | | | | | | | | |
Non-controlling interest | | | - | | | | - | | | | - | | | | - | |
Owners of the parent | | | 4,407,968 | | | | (1,610,712 | ) | | | 2,509,653 | | | | 27,776 | |
| | 4,407,968 | | | | (1,610,712 | ) | | | 2,509,653 | | | | 27,776 | |
Profit/(loss) per share expressed in pence per share: | | | | | | | | | | | | | | | | |
Basic and diluted (in pence) | Note 7 | | | (1.20 | ) | | | (1.19 | ) | | | (0.34 | ) | | | (0.44 | ) |
CONDOR GOLD PLC
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022
| | | | 30.09.22 unaudited £ | | | 31.12.21 audited £ | | | 30.09.21 unaudited £ | |
ASSETS: | | | | | | | | | | | |
NON-CURRENT ASSETS | | | | | | | | | | | |
Property, plant and equipment | | | | | 8,255,620 | | | | 7,473,433 | | | | 7,569,949 | |
Intangible assets | | | | | 36,775,455 | | | | 28,100,980 | | | | 26,184,314 | |
| | | | 45,031,075 | | | | 35,574,413 | | | | 33,754,866 | |
CURRENT ASSETS | | | | | | | | | | | | | | |
Trade and other receivables | | | | | 902,260 | | | | 775,693 | | | | 588,439 | |
Cash and cash equivalents | | | | | 570,638 | | | | 2,072,046 | | | | 554,449 | |
| | | | 1,472,898 | | | | 2,847,739 | | | | 1,142,888 | |
TOTAL ASSETS | | | | | 46,503,973 | | | | 38,422,152 | | | | 34,897,754 | |
LIABILITIES: | | | | | | | | | | | | | | |
CURRENT LIABILITIES | | | | | | | | | | | | | | |
Trade and other payables | | | | | 239,869 | | | | 248,176 | | | | 59,473 | |
TOTAL LIABILITIES | | | | | 239,869 | | | | 248,176 | | | | 59,473 | |
NET CURRENT ASSETS | | | | | 1,233,029 | | | | 2,599,563 | | | | 1,083,415 | |
NET ASSETS | | | | | 46,264,104 | | | | 38,173,976 | | | | 34,838,281 | |
SHAREHOLDERS' EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT | | | | | | | | | | | | | | |
Called up share capital | Note 8 | | | 31,725,906 | | | | 29,326,143 | | | | 26,983,286 | |
Share premium | | | | | 43,455,783 | | | | 42,528,627 | | | | 40,858,206 | |
Exchange difference reserve | | | | | 3,835,071 | | | | (2,482,038 | ) | | | (2,367,126 | ) |
Retained earnings | | | | | (32,752,656 | ) | | | (31,198,756 | ) | | | (30,636,085 | ) |
| | | | 46,264,104 | | | | 38,173,976 | | | | 34,838,281 | |
CONDOR GOLD PLC
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
AS AT 30 SEPTEMBER 2022
| Share capital £ | | | Share premium £ | | | Exchange difference reserve £ | | | Retained earnings £ | | | Total £ | | | Non controlling interest £ | | | Total equity £ | |
At 1 January 2021 | | 23,582,526 | | | | 37,175,626 | | | | (2,362,101 | ) | | | (29,381,952 | ) | | | 29,164,099 | | | | - | | | | 29,164,099 | |
Comprehensive income: | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
Loss for the period | | - | | | | - | | | | - | | | | (1,605,687 | ) | | | (1,605,687 | ) | | | - | | | | (1,605,687 | ) |
Other comprehensive income: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Currency translation differences | | - | | | | - | | | | (5,025 | ) | | | - | | | | (5,025 | ) | | | - | | | | (5,025 | ) |
Total comprehensive income | | - | | | | - | | | | (5,025 | ) | | | (1,605,687 | ) | | | (1,610,712 | ) | | | - | | | | (1,610,712 | ) |
New shares issued | | 3,250,760 | | | | 3,682,580 | | | | - | | | | - | | | | 6,933,340 | | | | - | | | | 6,933,340 | |
Issue costs | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
Share based payment | | - | | | | - | | | | - | | | | 351,554 | | | | 351,554 | | | | - | | | | 351,554 | |
At 30 September 2021 | | 26,983,286 | | | | 40,858,206 | | | | (2,367,126 | ) | | | (30,636,085 | ) | | | 34,838,281 | | | | - | | | | 34,838,281 | |
At 1 January 2022 | | 29,326,143 | | | | 42,528,627 | | | | (2,482,038 | ) | | | (31,199,756 | ) | | | 38,173,976 | | | | - | | | | 38,173,976 | |
Comprehensive income: | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
Loss for the period | | - | | | | - | | | | - | | | | (1,909,141 | ) | | | (1,909,141 | ) | | | - | | | | (1,909,141 | ) |
Other comprehensive income: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Currency translation differences | | - | | | | - | | | | 6,317,109 | | | | - | | | | 6,317,109 | | | | - | | | | 6,317,109 | |
Total comprehensive income | | - | | | | - | | | | 6,317,109 | | | | (1,909,141 | ) | | | 4,407,968 | | | | - | | | | 4,407,968 | |
New shares issued | | 2,399,763 | | | | 927,156 | | | | - | | | | - | | | | 3,326,919 | | | | - | | | | 3,326,919 | |
Issue costs | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
Share based payment | | - | | | | - | | | | - | | | | 355,241 | | | | 355,241 | | | | - | | | | 355,241 | |
At 30 September 2022 | | 31,725,906 | | | | 43,455,783 | | | | 3,835,071 | | | | (32,752,656 | ) | | | 46,264,104 | | | | - | | | | 46,264,104 | |
CONDOR GOLD PLC
CONDENSED CONSOLIDATED CASH FLOW STATEMENT
AS AT 30 SEPTEMBER 2022
| Nine months to 30.09.22 unaudited £ | | | Nine months to 30.09.21 unaudited £ | |
Cash flows from operating activities | | | |
Loss before tax | | | (1,909,141 | ) | | | (1,605,687 | ) |
Share based payment | | | 355,241 | | | | 351,554 | |
Depreciation charges | | | 51,377 | | | | - | |
Finance income | | | (4,025 | ) | | | - | |
| | | (1,506,548 | ) | | | (1,254,133 | ) |
(Increase)/decrease in trade and other receivables | | | (126,567 | ) | | | (474,030 | ) |
Increase/(decrease) in trade and other payables | | | (8,307 | ) | | | (206,939 | ) |
Net cash absorbed in operating activities | | | (1,641,422 | ) | | | (1,935,102 | ) |
Cash flows from investing activities | | | | | | | | |
Purchase of intangible fixed assets | | | (3,089,766 | ) | | | (4,344,306 | ) |
Purchase of tangible fixed assets | | | (230,438 | ) | | | (4,506,964 | ) |
Interest received | | | 4,025 | | | | - | |
Net cash absorbed in investing activities | | | (3,316,179 | ) | | | (8,851,270 | ) |
Cash flows from financing activities | | | | | | | | |
Net proceeds from share issue | | | 3,326,919 | | | | 6,933,340 | |
Net cash generated in financing activities | | | 3,326,919 | | | | 6,933,340 | |
Increase / (decrease) in cash and cash equivalents | | | (1,630,682 | ) | | | (3,853,032 | ) |
Cash and cash equivalents at beginning of period | | | 2,072,046 | | | | 4,159,391 | |
Exchange losses on cash and bank | | | 129,274 | | | | 248,090 | |
Cash and cash equivalents at end of period | | | 570,638 | | | | 554,449 | |
Capital Commitments
The Company has capital commitments of $300,000 due to First Majestic Silver.
- Ends -
For further information please visit or contact:
Condor Gold plc | Mark Child, CEO +44 (0) 20 7493 2784 |
Beaumont Cornish Limited | Roland Cornish and James Biddle +44 (0) 20 7628 3396 |
SP Angel Corporate Finance LLP | Ewan Leggat +44 (0) 20 3470 0470 |
H&P Advisory Limited | Andrew Chubb and Nilesh Patel +44 207 907 8500 |
Adelaide Capital (Investor Relations) | Deborah Honing +1-647-203-8793 |
About Condor Gold plc:
Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in January 2018. The Company is a gold exploration and development company with a focus on Nicaragua.
The 2022 Feasibility Study (2020 FS) ws filed on SEDAR on 26 October 2022 and replaces the previously reported Preliminary Economic Assessment ("PEA") as presented in the Technical Report filed on SEDAR in October 2021 as the current technical report for the La India project.
The 2021 PEA considered the expanded Project inclusive of the exploitation of the Mineral Resources associated to the La India, Mestiza, America and Central Breccia deposits. The strategic study covers two scenarios: Scenario A, in which the mining is undertaken from four open pits, termed La India, America, Mestiza and Central Breccia Zone ("CBZ"), which targets a plant feed rate of 1.225 million tonnes per annum ("Mtpa"); and Scenario B, where the mining is extended to include three underground operations at La India, America and Mestiza, in which the processing rate is increased to 1.4 Mtpa. The 2021 PEA Scenario B presented a post-tax, post upfront capital expenditure NPV of US$418 million, with an IRR of 54% and 12 month pay-back period, assuming a US$1,700 per oz gold price, with average annual production of 150,000 oz gold per annum for the initial 9 years of gold production. The open pit mine schedules were optimised from designed pits, bringing higher grade gold forward resulting in average annual production of 157,000 oz gold in the first 2 years from open pit material and underground mining funded out of cashflow. The 2021 PEA Scenario A presented a post-tax, post upfront capital expenditure NPV of US$302 million, with an IRR of 58% and 12 month pay-back period, assuming a US$1,700 per oz gold price, with average annual production of approximately 120,000 oz gold per annum for the initial 6 years of gold production.
The Mineral Resource estimate and associated Preliminary Economic Assessment contained in the 2021 PEA are considered a historical estimate within the meaning of NI 43-101, a qualified person has not done sufficient work to classify such historical estimate as current, and the Company is not treating the historical Mineral Resource estimate and associated studies as current, and the reader is cautioned not to rely upon this data as such. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Company believes that the historical Mineral Resource estimate and Preliminary Economic assessment is relevant to the continuing development of the La India Project.
In August 2018, the Company announced that the Ministry of the Environment in Nicaragua had granted the Environmental Permit ("EP") for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly-owned La India gold Project ("La India Project"). The EP is considered the master permit for mining operations in Nicaragua.
Environmental Permits were granted in April and May 2020 for the Mestiza and America open pits respectively, both located close to La India. The Mestiza open pit hosts 92 Kt at a grade of 12.1 g/t gold (36,000 oz contained gold) in the Indicated Mineral Resource category and 341 Kt at a grade of 7.7 g/t gold (85,000 oz contained gold) in the Inferred Mineral Resource category. The America open pit hosts 114 Kt at a grade of 8.1 g/t gold (30,000 oz) in the Indicated Mineral Resource category and 677 Kt at a grade of 3.1 g/t gold (67,000 oz) in the Inferred Mineral Resource category. Following the permitting of the Mestiza and America open pits, together with the La India Open Pit Condor has 1.12 M oz gold open pit Mineral Resources permitted for extraction.
Disclaimer
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
Qualified Persons
The technical and scientific information in this press release has been reviewed, verified and approved by Andrew Cheatle, P.Geo., a director of Condor Gold plc, and Gerald D. Crawford, P.E., the Chief Technical Officer of Condor Gold plc, each of whom is a "qualified person" as defined by NI 43-101.
Technical Information
Certain disclosure contained in this news release of a scientific or technical nature has been reviewed by the Qualified Persons responsible for their respective components of the 2022 FS as defined below:
- On behalf of SRK: Dr Tim Lucks of SRK Consulting (UK) Limited, Mr Fernando Rodrigues and Mr Ben Parsons of SRK Consulting (U.S.) Inc., Mr Parsons assumes responsibility for the Mineral Resource Estimate, Mr Fernando Rodrigues for the Mineral Reserve estimate and the open pit mining study and production schedule, and Dr Lucks for the oversight of the remaining SRK technical disciplines.
- On behalf of Hanlon: Mike Rockandel for the Process design and Project Infrastructure and corresponding operating and capital costs.
- On Behalf of Tierra Group: Justin Knudsen P.E. for the tailings waste management and La Simona water attenuation structure design.
Forward Looking Statements
All statements in this press release, other than statements of historical fact, are 'forward-looking information' with respect to the Company within the meaning of applicable securities laws, including, but not limited to, statements with respect to: the use of proceeds of the offering; the impact of a Feasibility Study on, including investor confidence in, the Project; the ability of the Company to access future financing; the ongoing mining dilution and pit optimisation studies, and the incorporation of same into any mining production schedule, future development and production plans at La India Project. Forward-looking information is often, but not always, identified by the use of words such as: "seek", "anticipate", "plan", "continue", "strategies", "estimate", "expect", "Project", "predict", "potential", "targeting", "intends", "believe", "potential", "could", "might", "will" and similar expressions. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions regarding: future commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the impact of increasing competition; general conditions in economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; the receipt of required permits; royalty rates; future tax rates; future operating costs; availability of future sources of funding; ability to obtain financing and assumptions underlying estimates related to adjusted funds from operations. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
Such forward-looking information involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to: mineral exploration, development and operating risks; estimation of mineralisation and resources; environmental, health and safety regulations of the resource industry; competitive conditions; operational risks; liquidity and financing risks; funding risk; exploration costs; uninsurable risks; conflicts of interest; risks of operating in Nicaragua; government policy changes; ownership risks; permitting and licencing risks; artisanal miners and community relations; difficulty in enforcement of judgments; market conditions; stress in the global economy; current global financial condition; exchange rate and currency risks; commodity prices; reliance on key personnel; dilution risk; payment of dividends; as well as those factors discussed under the heading "Risk Factors" in the Company's annual information form for the fiscal year ended December 31, 2020 dated March 31, 2021 and available under the Company's SEDAR profile at .
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
SOURCE: Condor Gold plc
View source version on accesswire.com:
イギリスゴッドミン/ACCESSWIRE/2022年11月14日/コンドルゴールド(AIM:CNR)(トロント証券取引所株式コード:COG)は、同社が今日、2022年9月30日までの3ヶ月と9ヶ月の未監査財務業績および同期経営陣の検討および分析を発表したと発表した。
以上の2つはいずれも会社サイトで発表されており、SEDARでも閲覧できます。サイトは:
2022年第3四半期のハイライト
- 実行可能性研究により、冶金試験により、金の回収率は品位と関係なく、プロジェクト経済に75ミクロンの研磨粒度を使用した場合、固定された金回収率は91%であった
- 75ミクロンの研磨粒度で、11種類の可変性複合材料から抽出した金は平均92.6%であり、金を加工工場にロックするために2%減少した。
- 研磨粒度53ミクロンの場合,金の平均浸出率は94.7%,潜在的な上り金回収率は約93%であった。
- 最新の鉱物資源量は,指示鉱物資源種別では1,088,000オンスの金は9,672千トン,金は3.5 g/トンと推定され,鉱物資源種別では1,190,000オンスの金は8,642千トン,金は4.3 g/トンと推定された。
- 鉱物資源別に893,000オンスの金を指示した露天鉱物資源量は8,693千トン,金は3.2 g/トンと推定され,鉱物資源種別では291,000オンス金は3,026千トン,金質量は3.0 g/トンと推定された。
- 総地下鉱物資源量は979千トン,金6.2 g/トンと推定され,指示鉱物資源種別では194,000オンスの金であったのに対し,推定鉱物資源種別では5,615千トン,金は5.0 g/トン金,898,000オンスの金であった。
- 推定された鉱物資源種別では,Cacao鉱物資源は69%増加し,1,164 kt,金2.5 g/トン,金101,000オンスに達した。この鉱物はストライキと深度採掘時にまだ“開いている”状態にある。
- 最新の地質解釈と総合岩石-構造、風化と鉱化モデルはMREに統合され、La India露天鉱実行可能性研究所に必要なもっと高い詳細度を反映した。これは主要La India坑上部でより近い距離のダイヤモンド掘削およびより詳細な鉱床規模地表マッピングの支持を得た。
2022年9月12日、2022年実行可能性研究はLa India露天鉱の経済的に実行可能な基本状況を証明した
- 可能な鉱物埋蔵量は7.3 Mtで、2.56 g/tの金と602,000オンスの金を交換する
- 8.4年の鉱山寿命では,前6年の平均年間生産量は81545オンスの金であった
- 5%割引率および1,600オンス金価格(鉱物備蓄箱)で計算すると、23%の内部収益率および税引後資本コストで計算すると、前期資本純現在値は8,690万ドルである。
- 内部収益率(IRR)は43%,税引後前期資本コストは2.052億ドル,割引率は5%,金価格は2,000オンスであった。
- 初期資本要求は1.055億ドル(緊急およびEPCM契約を含む)と低かった
- 鉱山の平均寿命は低い-現金コストを維持金1オンス当たり1,039ドル
郵便期のハイライト
- 2022年10月12日。ジム·メロンはコンドル黄金会社の社長を務めています
- 2022年10月26日。SEDARに関するフィージビリティスタディ技術報告
コンドル黄金会社のマーク·ツァルダー最高経営責任者はこうコメントしました
2022年第3四半期には,コンドル金はLa India黄金プロジェクトのリスク低減を継続し,工事準備に近い状態に進められた。同社の戦略は,すでに購入した新しいSAGミルを利用して,完全に許可されたLa Indiaプロジェクトを2段階で開発することである。La India露天鉱は最初の6年間で平均年間81,524オンスの金を採掘し、前期の総資本コストは1.06億ドルと相対的に低く、これはマイルストーンであり、このプロジェクトのリスクをさらに低下させた。La India露天鉱埋蔵量は1,600オンス金であり、総収入は8.88億ドル、採鉱、加工とM&Aの総運営コストは4.8億ドル、営業利益は4.08億ドル、営業利益率は46%である。政府や他の特許権使用料を差し引くが、資本を維持する前に営業利益は3.55億ドルであり、コンドルから見れば、比較的低い前期資本支出上のどの項目の債務も返済するのに十分である。特許権使用料を支払った後、金価格は2,000オンスだったが、資本を続ける前に営業利益は5.63億ドルだった。実際、生産の最初の数年には2つの許容される高品位を鉱山に増やし、金の生産量オンスを増加させる。初期生産の目標は年間10万オンスの金を生産することだ。
この計画は,既存の鉱物資源を鉱物埋蔵量と関連する総合採鉱計画に変換することにより,第2段階の拡張により生産量を大幅に拡大するものである。2021年10月25日、同社は予備経済評価結果を発表し、露天鉱と地下鉱物資源の最初の9年間の平均年間生産量が150,000オンスの金を詳細に説明し、生産目標を提供した“ニカラグアLa Indian金鉱プロジェクトのコンドル金技術報告書、2021年”と題する技術報告をSEDARに提出した。主要なLa India露天鉱物埋蔵量のほかに,4つの鉱床(America,Mstiza,Central角礫岩とCacao)の露天鉱物資源があり,指示鉱物資源種別では9.9 g/トンの金の総埋蔵量は206千トン,推定鉱物資源種別では223,000オンスの金,合計2.1公トン,金価格は3.3 g/トンであった。また,指示鉱物資源種別では,地下鉱物資源総量(La India,America,Mstiza,Central Breccia San Lucas,Cristanito−Tatescome,Cacao)は979 kg/トン,そのうち19.4,000オンス金は6.2 g/トン,推定鉱物資源種別では5.6公トン(5.0 g/トン)金,898,000オンス金であった
コンドル黄金PLC
簡明総合総合収益表
2022年9月30日までの3ヶ月と9ヶ月
| 9.9 1か月 30.09.22まで 監査を受けていない £ | | | 9.9 1か月 30.09.21まで 監査を受けていない £ | | | 3点 1か月 30.09.22まで 監査を受けていない £ | | | 3か月 30.09.21まで 監査を受けていない £ | |
収入.収入 | | | | - | | | | - | | | | - | | | | - | |
株式ベースの支払い | | | (355,241 | ) | | | (351,554 | ) | | | (66,335 | ) | | | (151,963 | ) |
行政費 | | | (1,557,925 | ) | | | (1,254,133 | ) | | | (472,855 | ) | | | (439,864 | ) |
営業損失 | 注3 | | | (1,913,166 | ) | | | (1,605,687 | ) | | | (539,191 | ) | | | (591,827 | ) |
財政収入 | | | 4,025 | | | | - | | | | 2,440 | | | | - | |
所得税前損失 | | | (1,909,141 | ) | | | (1,605,687 | ) | | | (536,751 | ) | | | (591,827 | ) |
所得税費用 | 注4 | | | - | | | | - | | | | - | | | | - | |
当期損失 | | | (1,909,141 | ) | | | (1,605,687 | ) | | | (536,751 | ) | | | (591,827 | ) |
その他総合収益/(損失): | | | | | | | | | | | | | | | | |
貨幣換算差異 | | | 6,317,109 | | | | (5,025 | ) | | | 3,046,404 | | | | 619,603 | |
当期その他総合収益/(損失) | | | 6,317,109 | | | | (5,025 | ) | | | 3,046,404 | | | | 619,603 | |
当期総合利益/(損失)合計 | | | 4,407,968 | | | | (1,610,712 | ) | | | 2,509,653 | | | | 27,776 | |
損失はこれに起因します | | | | | | | | | | | | | | | | |
非制御的権益 | | | - | | | | - | | | | - | | | | - | |
親会社の所有者 | | | (1,909,141 | ) | | | (1,605,687 | ) | | | (536,751 | ) | | | (591,827 | ) |
| | (1,909,141 | ) | | | (1,605,687 | ) | | | (536,751 | ) | | | (591,827 | ) |
以下の総合利益/(損失)総額に起因することができる | | | | | | | | | | | | | | | | |
非制御的権益 | | | - | | | | - | | | | - | | | | - | |
親会社の所有者 | | | 4,407,968 | | | | (1,610,712 | ) | | | 2,509,653 | | | | 27,776 | |
| | 4,407,968 | | | | (1,610,712 | ) | | | 2,509,653 | | | | 27,776 | |
1株当たりの利益/(損失)は、1株当たり0.5ペンスで表される | | | | | | | | | | | | | | | | |
基本的で希釈された | 注7 | | | (1.20 | ) | | | (1.19 | ) | | | (0.34 | ) | | | (0.44 | ) |
コンドル黄金PLC
簡明総合財務状況表
2022年9月30日まで
| | | | 30.09.22 監査を受けていない £ | | | 31.12.21 審査されました £ | | | 30.09.21 監査を受けていない £ | |
資産: | | | | | | | | | | | |
非流動資産 | | | | | | | | | | | |
財産·工場·設備 | | | | | 8,255,620 | | | | 7,473,433 | | | | 7,569,949 | |
無形資産 | | | | | 36,775,455 | | | | 28,100,980 | | | | 26,184,314 | |
| | | | 45,031,075 | | | | 35,574,413 | | | | 33,754,866 | |
流動資産 | | | | | | | | | | | | | | |
貿易その他売掛金 | | | | | 902,260 | | | | 775,693 | | | | 588,439 | |
現金と現金等価物 | | | | | 570,638 | | | | 2,072,046 | | | | 554,449 | |
| | | | 1,472,898 | | | | 2,847,739 | | | | 1,142,888 | |
総資産 | | | | | 46,503,973 | | | | 38,422,152 | | | | 34,897,754 | |
負債: | | | | | | | | | | | | | | |
流動負債 | | | | | | | | | | | | | | |
貿易とその他の支払い | | | | | 239,869 | | | | 248,176 | | | | 59,473 | |
総負債 | | | | | 239,869 | | | | 248,176 | | | | 59,473 | |
流動資産純価 | | | | | 1,233,029 | | | | 2,599,563 | | | | 1,083,415 | |
純資産 | | | | | 46,264,104 | | | | 38,173,976 | | | | 34,838,281 | |
親会社の所有者に帰属する株主権益 | | | | | | | | | | | | | | |
株を催促する | 注8 | | | 31,725,906 | | | | 29,326,143 | | | | 26,983,286 | |
株式割増 | | | | | 43,455,783 | | | | 42,528,627 | | | | 40,858,206 | |
為替準備金 | | | | | 3,835,071 | | | | (2,482,038 | ) | | | (2,367,126 | ) |
利益を残す | | | | | (32,752,656 | ) | | | (31,198,756 | ) | | | (30,636,085 | ) |
| | | | 46,264,104 | | | | 38,173,976 | | | | 34,838,281 | |
コンドル黄金PLC
簡明総合権益変動表
2022年9月30日まで
| 株本 £ | | | 株式割増 £ | | | 為替準備金 £ | | | 利益を残す £ | | | 合計する £ | | | 非制御的権益 £ | | | 総株 £ | |
2021年1月1日に | | 23,582,526 | | | | 37,175,626 | | | | (2,362,101 | ) | | | (29,381,952 | ) | | | 29,164,099 | | | | - | | | | 29,164,099 | |
総合収入: | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
当期損失 | | - | | | | - | | | | - | | | | (1,605,687 | ) | | | (1,605,687 | ) | | | - | | | | (1,605,687 | ) |
他の全面的な収入: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
貨幣換算差異 | | - | | | | - | | | | (5,025 | ) | | | - | | | | (5,025 | ) | | | - | | | | (5,025 | ) |
総合収益総額 | | - | | | | - | | | | (5,025 | ) | | | (1,605,687 | ) | | | (1,610,712 | ) | | | - | | | | (1,610,712 | ) |
新株を発行した | | 3,250,760 | | | | 3,682,580 | | | | - | | | | - | | | | 6,933,340 | | | | - | | | | 6,933,340 | |
発行コスト | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
株式ベースの支払い | | - | | | | - | | | | - | | | | 351,554 | | | | 351,554 | | | | - | | | | 351,554 | |
2021年9月30日に | | 26,983,286 | | | | 40,858,206 | | | | (2,367,126 | ) | | | (30,636,085 | ) | | | 34,838,281 | | | | - | | | | 34,838,281 | |
2022年1月1日に | | 29,326,143 | | | | 42,528,627 | | | | (2,482,038 | ) | | | (31,199,756 | ) | | | 38,173,976 | | | | - | | | | 38,173,976 | |
総合収入: | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
当期損失 | | - | | | | - | | | | - | | | | (1,909,141 | ) | | | (1,909,141 | ) | | | - | | | | (1,909,141 | ) |
他の全面的な収入: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
貨幣換算差異 | | - | | | | - | | | | 6,317,109 | | | | - | | | | 6,317,109 | | | | - | | | | 6,317,109 | |
総合収益総額 | | - | | | | - | | | | 6,317,109 | | | | (1,909,141 | ) | | | 4,407,968 | | | | - | | | | 4,407,968 | |
新株を発行した | | 2,399,763 | | | | 927,156 | | | | - | | | | - | | | | 3,326,919 | | | | - | | | | 3,326,919 | |
発行コスト | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
株式ベースの支払い | | - | | | | - | | | | - | | | | 355,241 | | | | 355,241 | | | | - | | | | 355,241 | |
2022年9月30日に | | 31,725,906 | | | | 43,455,783 | | | | 3,835,071 | | | | (32,752,656 | ) | | | 46,264,104 | | | | - | | | | 46,264,104 | |
コンドル黄金PLC
簡明合併現金フロー表
2022年9月30日まで
| 9か月 30.09.22まで 監査を受けていない £ | | | 9か月 30.09.21まで 監査を受けていない £ | |
経営活動のキャッシュフロー | | | |
税引き前損失 | | | (1,909,141 | ) | | | (1,605,687 | ) |
株式ベースの支払い | | | 355,241 | | | | 351,554 | |
減価償却費 | | | 51,377 | | | | - | |
財政収入 | | | (4,025 | ) | | | - | |
| | | (1,506,548 | ) | | | (1,254,133 | ) |
(増加)/貿易およびその他の入金の削減 | | | (126,567 | ) | | | (474,030 | ) |
貿易その他の支払金の増加/削減 | | | (8,307 | ) | | | (206,939 | ) |
経営活動で吸収した現金純額 | | | (1,641,422 | ) | | | (1,935,102 | ) |
投資活動によるキャッシュフロー | | | | | | | | |
無形固定資産を購入する | | | (3,089,766 | ) | | | (4,344,306 | ) |
有形固定資産を購入する | | | (230,438 | ) | | | (4,506,964 | ) |
受け取った利息 | | | 4,025 | | | | - | |
投資活動で吸収した現金純額 | | | (3,316,179 | ) | | | (8,851,270 | ) |
融資活動によるキャッシュフロー | | | | | | | | |
株式発行純収益 | | | 3,326,919 | | | | 6,933,340 | |
融資活動による現金純額 | | | 3,326,919 | | | | 6,933,340 | |
現金および現金等価物の増加/(減少) | | | (1,630,682 | ) | | | (3,853,032 | ) |
期初現金及び現金等価物 | | | 2,072,046 | | | | 4,159,391 | |
現金と銀行為替損失 | | | 129,274 | | | | 248,090 | |
期末現金および現金等価物 | | | 570,638 | | | | 554,449 | |
資本約束
First Majestic Silverのせいで、同社は30万ドルの資本約束を持っている。
-終わりだ-
もっと情報を知りたいなら、訪問したり連絡したりしてください
コンドル黄金会社 | 最高経営責任者マーク·ツァイダー +44 (0) 20 7493 2784 |
ボモンテコニシュ有限会社 | ローラン·コニシュとジェームズ·ビデルは +44 (0) 20 7628 3396 |
SP Angel Corporation Finance LLP | イワン·レゲット +44 (0) 20 3470 0470 |
HPコンサルティング有限公司 | アンドリュー·チュブとニレッシュ·パテルは +44 207 907 8500 |
アデレード資本 (投資家関係) | デボラが研ぐ +1-647-203-8793 |
ハゲタカ黄金会社について:
コンドル黄金会社は2006年5月にAIMへの進出を許可され、2018年1月にトロント証券取引所で二重上場された。同社はニカラグアの金鉱探査開発に専念している会社だ。
2022年実行可能性研究(2020 FS)は、2022年10月26日にSEDARに提出され、2021年10月に提出されたSEDAR技術報告の前に報告された予備経済評価(PEA)の代わりに、La Indiaプロジェクトの現在の技術報告として提出される。
2021年にPEAはLa India,Mstiza,America,Central Breccia鉱物埋蔵に関する鉱物資源の採掘を含む拡大されたプロジェクトを審議した。戦略研究はシナリオAでは,採鉱は4つの露天鉱場から行われ,それぞれLa India,America,MstizaとCentral Breccia Zone(“CBZ”)と呼ばれ,工場飼料の年間生産量122.5万トン/年を目標としている;シナリオBでは,La India,AmericaとMestizaを含む3つの地下作業に採鉱が拡大され,加工率は1.4 Mtpaに向上した。2021年PEAシナリオBが提出した税引後·前期資本支出純現在値は4.18億ドル、内部収益率は54%、回収期間は12カ月、金価格を1オンス当たり1,700ドルとすると、最初の9年間の金生産では、平均年間生産量は150,000オンス金となる。露天鉱採掘計画は設計した鉱場に基づいて最適化を行い、比較的に高い品位の金を早め、最初の2年間の露天鉱原料と地下採鉱の平均年間生産量は157,000オンスの金であり、資金はキャッシュフローから来た。2021年PEAシナリオAが提出した税引後前期資本支出純現在値は3.02億ドル、内部収益率は58%、回収期間は12カ月、金価格は1オンス1,700ドルと仮定し、金生産最初の6年間の平均年間生産量は約120,000オンスの金である。
2021年にPEAに掲載された鉱物資源推定及び関連する初歩的な経済評価はNI 43-101が指す歴史推定とみなされ、合資格者はこのような歴史推定を現在の推定に分類するのに十分な仕事をしていないが、当社も歴史鉱物資源の推定と関連研究を現在の推定と見なし、読者にこのようなデータに依存しないように注意している。鉱物備蓄に属さない鉱物資源は経済的実行可能性を示していない。当社は、歴史鉱物資源評価及び初歩的な経済評価はLa Indiaプロジェクトの持続的な発展と関係があると信じている。
2018年8月、同社はニカラグア環境省がその全額所有のLa India金鉱プロジェクト(“La Indiaプロジェクト”)に環境許可証を発行し、その開発、建設、運営日処理能力が2,800トンに達する加工工場を許可したと発表した。EPはニカラグア採鉱作業の総許可証と考えられている。
メスティザとアメリカの露天鉱場はそれぞれ2020年4月と5月に環境許可証を取得し、いずれもインドのラシンナ州の近くに位置している。指示鉱物資源種別では,Mstiza露天鉱の金品位は12.1 g/t(36,000オンス),埋蔵量は92千トンであり,推定鉱物資源種別では埋蔵量は341千トン,品位は7.7 g/トン金(85,000オンス金)であった。米国露天鉱の指示鉱物資源種別は114千トンの金品位8.1 g/トン(30,000オンス)を有し,推定鉱物資源種別は677千トンの金品位3.1 g/トン(67,000オンス)を有している。Mstiza露天鉱とAmerica露天鉱が許可を得た後、La India露天鉱コンドルとともに、1.12億オンスの黄金露天鉱物資源の採掘を許可した。
免責
本公告には、当社のウェブサイトの内容も、当社のウェブサイト(または任意の他のサイト)のハイパーリンクを介してアクセス可能ないかなるサイトの内容も含まれていない。
合格者
本プレスリリースの技術と科学情報は、ハゲタカ黄金会社の取締役主管アンドリュー·ジテルとコンドル黄金会社の首席技術官ジェラルド·D·クロフォードが審査、確認、承認しており、2人ともNI 43-101で定義されている“合格者”である。
技術情報
本プレスリリースに含まれるいくつかの科学的または技術的性質の開示は、すでにそのそれぞれの構成要素を担当する合格者によって審査され、以下のように定義される
- SRKを代表する:SRKコンサルティング(イギリス)株式会社Tim Lucks博士、SRKコンサルティング(米国)のFernando Rodriguesさん、Ben ParsonsさんParsonsさんは鉱物資源の推定を担当し、Fernando Rodriguesさんは鉱物埋蔵量の推定と露天採鉱研究および生産計画を担当し、Lucks博士はSRKの残りの技術規程を監督する責任があります。
- マイク·ロカンデル代表:工芸設計とプロジェクトインフラ、それに応じた運営と資本コストを担当します。
- 代表的な火地島集団:Justin Knudsen P.E.は尾鉱廃棄物管理とLa Simona水減衰構造設計を担当している。
前向きに陳述する
歴史的事実に関する陳述を除いて、本プレスリリースのすべての陳述は証券法を適用することが指す会社に関する“展望性情報”であり、以下の陳述を含むが、これらに限定されない:発売された資金の使用、実行可能性研究のプロジェクトへの影響、投資家のプロジェクトに対する自信、会社が未来の融資を獲得する能力、行っている採鉱希釈と坑最適化研究、およびそれをLa India Projectの任意の採鉱生産計画、未来開発と生産計画に組み込む状況。前向き情報は、しばしば、“求める”、“予想”、“計画”、“継続”、“戦略”、“推定”、“予想”、“プロジェクト”、“予測”、“潜在”、“目標”、“計画”、“信じる”、“潜在”、“可能”、“可能”、“将”および同様の表現を使用することによって決定されるわけではない。展望性情報は、将来の業績の保証ではなく、陳述の日に管理層の一連の推定および仮定に基づいているが、これらに限定されない:将来の商品価格および特許使用料制度、利用可能な熟練労働力、資本支出の時間および金額、将来の通貨レートと金利、競争激化の影響、経済および金融市場の全体的な状況、掘削および関連設備の利用可能性、政府機関の規制の影響、必要なライセンスの受信、特許権使用料率、将来の税率、将来の資金源、運営から融資を得る能力および調整された資金に関する基本的な推定。多くの仮説は,会社の制御範囲内にない要因やイベントに基づいており,それらが正しいことが証明される保証はない.
このような展望的情報は、既知および未知のリスクに関連し、実際の結果は、鉱物探査、開発および経営リスク、鉱化および資源の推定、資源業界の環境、健康および安全条例、競争条件、経営リスク、流動性および融資リスク、資金リスク、探査コスト、保険加入できないリスク、利益衝突、ニカラグアでの経営リスク、政府政策の変化、所有権リスク、許可と許可リスク、個体鉱夫とコミュニティ関係、判決実行の困難、市場状況、グローバル経済の圧力を含む、このような前向き情報の明示的または暗示的な任意の未来結果とは大きく異なる可能性がある。現在の全世界の財務状況;為替レートと通貨リスク;大口商品価格;キーパーソンへの依存;希釈リスク;配当金の支払い;及び2021年3月31日までの会社年度情報表中の“リスク要素”のタイトルで討論した要素は、会社のSEDAR概要で調べることができる。
会社は実際の行動、イベントまたは結果と展望性情報に記述されている大きな異なる重要な要素を探そうとしているが、行動、イベントまたは結果が予想、推定または予想と異なる他の要素がある可能性がある。実際の結果や未来のイベントは、このような宣言で予想されているものとは大きく異なる可能性があるので、これらの情報が正確であることは保証されない。法律の要求がない限り、会社は新しい情報、未来のイベント、または他の理由でいかなる前向きな情報を更新または修正することもなく、いかなる義務も負わない。
資料源:コンドル黄金会社
Accesswire.comでソースコードバージョンを表示する: