Gold: $50 Million Investment in Industrial Plant

Condor Gold, a British company that for 14 years has carried out exploration work in the province of León, in Nicaragua, announced that in 2021 it will invest in the construction of a metal processing plant.

Wednesday, December 16, 2020

According to company executives, the new industrial plant to be located in the municipality of Santa Rosa del Penon, will have the capacity to process 1,500 tons per day and the company is expected to start exporting by 2022.

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Aiser Sarria, general manager of the mining company Condor Gold, told that "... the project will be developed in two stages, first will be the creation of a plant with a capacity of 1,500 tons per day. Subsequently, three or four years later there will be an expansion of that capacity to reach 3,000 tons per day in that processing plant."

According to information provided by the company, they have already advanced in the purchase of 95% of the properties that are around the mine and the design of the processing plant is in the completion phase.

Sarria added that "... so far we have one million ounces already with the environmental permit and if we keep those 1,500 tons it would be enough mineral to feed the processing plant for 20 years."

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