Proactive Investors - Condor Gold PLC (TSX:COG) said it continues to receive new enquiries for its assets in Nicaragua and remains confident of concluding a sale.
Mark Child, chief executive, said: “While the sales process is taking longer than anticipated, new enquiries continue to be received and the board is confident that a binding agreement will be reached.”
Child added that companies under non-disclosure agreements (NDAs) have access to a virtual data room, which includes all drill data, technical studies to feasibility study level, details of permits to construct and operate a mine and financial models.
Condor said it has strengthened its community team and stepped up social activities and engagement programmes while the sale process is ongoing.
“The focus for 2023 is to execute on a successful sale of the assets while maintaining a social licence to operate at the fully permitted La India Project,” it concluded.
Losses for the six months to end June 2023 were £565,000 (£1.37 million).