Mestiza is one vein in a wider gold hydrothermal system displayed at the La India project. The principal resources are currently outlined in the La India vein, but at Mestiza, and the Cacao area which Condor reported drilling on last week, there are several highly prospective areas which we expect to add significantly to the total gold resource inventory and push Condor on to its goal of a 5Moz gold district. While Condor pushes on with its plans for production - with ore mainly from La India
Companies: Condor Gold plc
Condor Gold* (CNR LN) – Cacao drilling provides confirmatory evidence of an intact epithermal gold system GoldStone Resources* (GRL LN) – Delay to first gold pour despite progress stacking Kavango Resources (KAV LN) – Prospecting license renewed on Kalahari Copper Belt Kodal Minerals* (KOD LN) – Lithium carbonate prices jump 11% higher this week led by new auction high at Pilbara Minerals for spodumene concentrates Oriole Resources (ORR LN) – Further drilling results from the Faré and Madin
Companies: 688778 CNR GRL KAV KOD ORR
Condor seem to have clipped the top of the epithermal system at Cacao. Testing further along strike and drilling deeper should expand the known mineral resource, and could eventually define a large resource and put Condor well on track to have a 5Moz gold district at La India, one of its goals. Of course the immediate priority is building the La India processing plant and beginning production post financing, but longer term, and in the light of today's announcement, the scope of the La India p
Bluejay Mining* (JAY LN) – Greenland agrees new economic aid with the US Ariana Resources (AAU LN) – Further drilling results from Kepez North CATL (CATL N) – CATL may be joining the bidding war for Millennial Lithium Corp. as Chinese firms battle for EV material supply Condor Gold* (CNR LN) – Senior mining engineer appointed to advance La India feasibility study Cora Gold* (CORA LN) – Interims Galileo Resources (GLR LN) – Sale of Kalahari Copper Belt licences expected to complete next week
Companies: AAU JAY CNR CORA GLR GGP POW RRR VUL SSW
Chaarat Gold (CGH LN) – Interim results highlight stronger commodity prices Condor Gold* (CNR LN) – PEA demonstrates robust economics for La India development Empire Metals* (EEE LN) – 2,140m RC drill programme commences at Central Menzies Greatland Gold (GGP LN) – Havieron continues to offer resource expansion potential Lucara Diamonds (LUC CN) – Karowe underground expansion approved and fully-financed
Companies: LUC CGH CNR EEE GGP
Condor Gold (CNR) has released PEA-level studies on La India encompassing expanded open-pit and underground scenarios which drive a 14% increase in our target price to GBp90/sh. The open-pit-only scenario, which incorporates resources across four pits, delivered an NPV5% of US$302m on a gold price of US$1,700/oz; this compares to our previous DCF, based on Reserves alone, of US$180m or US$292m if the same WACC and gold price were used. The second scenario includes additional underground resource
We initiate coverage of AIM and TSX-listed Condor Gold Plc (“Condor, CNR, COG”), 100% owner of the La India gold project in Nicaragua. We derive a DCF-based target of GBp79 per share (Dec’21E), implying 76% upside from the current price. The project offers excellent optionality through potential highgrade satellite or underground operations that could extend the H&Pe 11-year mine life or increase production from our ~80koz per annum base case. Condor is undertaking a PEA, due September, to updat
Altus Strategies* (ALS LN) – First closing of the Caserones deal with finalisation targeted for 1 September Botswana Diamonds (BOD LN) – Acquiring an interest in the Ghaghoo diamond mine, Botswana Condor Gold* (CNR LN) – Appointment of CFO Gem Diamonds (GEMD LN) – Sale of the Ghaghoo diamond mine Kavango Resources (KAV LN) – Drilling progress at KSZ & awarding of new licenses KEFI Gold and Copper* (KEFI LN) – Funding package outlined for Tulu Kapi Oriole Resources (ORR LN) – Initial miner
Companies: ALS BOD CNR GEMD KAV KEFI ORR VAST
Antofagasta (ANTO LN) – Chilean drought cuts copper output target Adriatic Metals* (ADT1) – DFS completed at Vares indicating Post-tax NPV8 of $1.06bn AfriTin* (ATM LN) – High tin prices drive unexpectedly high margins for AfriTin BlueRock Diamonds (BRD LN) – BlueRock recovers third large diamond in 10 days Condor Gold* (CNR LN) – La India final drilling results Empire Metals* (EEE LN) – Drill programme commences at Central Menzies Power Metal Resources* (POW LN) – Soil sampling indicate
Companies: ADT ATM ANTO BRD CNR EEE POW RMM
Alba Mineral Resources (ALBA LN) – Encouraging drill results at Amitsoq graphite project Ariana Resources (AAU LN) – Arzu Central drilling results Atalaya Mining (ATYM LN) – H1 results confirm 2021 production and cost guidance Bluejay Mining* (JAY LN) – Strong demand for titanium concentrates expected according to major buyers Condor Gold* (CNR LN) – H1 report confirms the development of La India remains on track Largo Resources (LGO CN) – Q2/21 earnings climb on strengthening vanadium mark
Companies: LUC LGO ALBA AAU JAY CNR PXC SOLG ATYM
Research Tree provides access to ongoing research coverage, media content and regulatory news on Condor Gold plc. We currently have 116 research reports from 9 professional analysts.
With the recent acquisition of producing assets in the US, Canadian Overseas Petroleum (COPL) has started a new chapter in its existence and has already transformed its value proposition to investors. Following the recent operational developments, we are already seeing potential for a significant additional value accretion in the next 12 months, not only from the producing Barron Flats Unit (BFU), but from several other opportunities as well. The potentially better-than- expected production ramp
Companies: Canadian Overseas Petroleum Limited
Based on the success of the Talitha #A well result, we are upgrading our fair value estimate for Pantheon Resources to 172p (from under review; and from a pre-drill fair value estimate of 89p). We believe that the Talitha #A result confirmed the presence of multiple oil-bearing conventional oil reservoirs that have success-case potentials of elephantine scale. Our valuation reflects only the potential of Pantheon Resources' prime assets for which resource estimates have been provided; namely, Th
Companies: Pantheon Resources plc
Joiners TMT Acquisition (TMTA.L) has joined the Main Market (Standard) pursue opportunities to acquire businesses in the technology, media and telecom sector. Raised £5m, mkt cap £5.5m. Leavers NMCN Plc has left the Main Market (Premium) following the appointment of administrators. What’s cooking in the IPO kitchen? Harmony Energy Income Trust to join the Specialist Fund Segment of the Main Market raising up to £230m. The Company's investment objective is to provide investors with an attractive
Companies: SEE FST ORCP DNL FDBK 8091 IGP
The results of the recent Extended Well Test (EWT) programme at the West Newton project site located within UK onshore licence PEDL183 (UJO: 16.665%) have confirmed that the WNA-1, WNA-2 and WNB-1z wells represent significant hydrocarbon discoveries within the Kirkham Abbey formation. In this regard, the operator has issued updated best estimate in-place hydrocarbons volumes for the wider licence area and will now sanction several external studies which will encompass a range of potential reserv
Companies: Union Jack Oil Plc
West Newton A-2 flow test and resource update
Joiners No Joiners Today. Leavers Arrow Global has left the Main Market following a takeover. St Peter Port Capital has left AIM after entering a solvent members' voluntary liquidation of the Company. What’s cooking in the IPO kitchen? Light Science Tech Holdings, the controlled environment agriculture technology and contract electronics manufacturing Group to join AIM. Raising £5m. Expected mkt cap £17.4m. Due 15 Oct. Harmony Energy Income Trust to join the Specialist Fund Segment of the Main M
Companies: CZA ADME AAU GAL GGP IQE PCIP YOU
Falcon Oil & Gas has announced the completion of the drilling of the Velkerri 76 appraisal well to a total vertical depth of 2,129m. Preliminary evaluation of the well is very encouraging and has confirmed the presence of four prospective intervals within the Amungee Member, proving both the continuation and the uniformity of the regionally extensive Amungee Member across the Beetaloo Sub-Basin. Analysis of the mud gas data taken during drilling has evidenced that the Amungee Member at the Velke
Companies: Falcon Oil & Gas Ltd.
Joiners No Joiners Today. Leavers No Leavers Today. What’s cooking in the IPO kitchen? Gymshark has started to put together plans for a stock market listing according to City A.M. The company hit a £1bn valuation just over a year ago and boasts customers in more than 130 countries. Gymshark was founded by teenager Ben Francis in 2012 in his parents’ garage with products that appeal to Gen Z consumers. Timing TBA Rubix Group Holdings, the market leading pan-European distributor of industrial main
Companies: ZOO CUSN ECHO IDEA PURP TEK
• 3Q21 production was 9,508 bbl/d in line with our expectations (9,500 bbl/d). • From October 1 to October 11, production averaged 14,218 bbl/d, down from 15,131 bbl/d over the last 7 day of September and from 15,494 bbl/d over the ten-day average ended September 27. The reduction was due to a ~5.4% downtime and week on week fluctuations. • Well 8H continues to perform extremely well with 7,485 bbl/d in 4Q21 to date (minimal decline compared to 7,700 bbl/d in average of the first 30 days of oper
Companies: PetroTal Corp.
EQTEC have just announced that it will be investing an additional £2.1m in the North Fork project In California to increase its equity from 10% to 49%. This forms part of EQTEC's wider strategy of ownership in projects to accelerate their development, both in terms of capital and expertise.
Companies: EQTEC PLC
EQTEC have signed an agreement for the proposed acquisition of a 5MW project in Drama, Greece. The plant will produce 5MW of energy from locally sourced forestry waste.
H1 2021 results
Companies: Hurricane Energy Plc
A resilient, low-cost production base, combined with a rising oil price, has helped underpin high levels of cash generation during Q3/21, laying the foundations for Trinity to accelerate investment and in-turn achieve longer-term production growth. Initial results from the continued interpretation of the onshore 3D seismic data have proved very encouraging, with several, potentially meaningful, new plays and leads already identified. Trinity expects to finalise an onshore drilling programme duri
Companies: Trinity Exploration & Production Plc
Joiners Light Science Tech Holdings (LST.L), the controlled environment agriculture technology and contract electronics manufacturing Group has joined AIM. Raising £5.2m. Market Capitalisation approximately £17.4m. Leavers No Leavers Today. What’s cooking in the IPO kitchen? Gymshark has started to put together plans for a stock market listing according to City A.M. The company hit a £1bn valuation just over a year ago and boasts customers in more than 130 countries. Gymshark was founded by teen
Companies: NWT LTG ITM POW
US crude futures topped $80 a barrel for the first time since November 2014 as a global energy crisis boosts demand at a time when OPEC+ producers are keeping supplies tight. Futures in New York rose 1.3% on Friday, popping above the key, psychological level before pulling back. This week brought many indications that supplies will remain constrained: Saudi Aramco said a global natural gas shortage was already boosting oil demand for power generation and heating, and the US Energy Department
Companies: FO 88E DEC EME GTC TRIN UOG WEN
