Why Is Metals Exploration Eyeing Condor Gold Now?

2 min read | December 02, 2024 03:56 AM EST | By Team Kalkine Media

Why Is Metals Exploration Eyeing Condor Gold Now? — Image source: Shutterstock

Metals Exploration's Proposal

Metals Exploration has reportedly gained commitments from several stakeholders to support its proposal. Condor Gold's chairman and principal shareholder, Jim Mellon, is a key figure in these discussions. Metals Exploration, which has seen substantial growth in its valuation over the past year, continues to evaluate the La India gold project in Nicaragua, an asset Condor has been actively marketing for sale over the past two years.

Calibre Mining's Position

Calibre Mining Corp, listed in Canada, was also part of earlier discussions regarding Condor Gold’s assets. However, it has stated that no active negotiations are underway at this time. Calibre has indicated its willingness to reconsider discussions if meaningful opportunities arise.

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