In response to Condor’s announcement, Calibre stated that it had engaged in discussions regarding the potential acquisition of the La India gold asset in Nicaragua. However, the company clarified that it is not currently in discussions with Condor and has not made an active offer.
“At this time, unless Condor is willing to re-engage in meaningful discussions, Calibre does not envision completing an acquisition,” Calibre said in a press release.
According to Sky News, Metals Exploration – a UK-listed company focused on gold projects in the Philippines – is close to agreeing on a cash-and-stock deal to acquire Condor Gold. The company, which owns the Runruno gold project in the Philippines, could reportedly announce the deal as soon as this week.
Condor decided to put its flagship La India open-pit gold project up for sale in 2022.
In the same year, Condor completed a definitive feasibility study for…
