Condor Gold attracts new investment in Nicaragua

摘要

Nicaragua Milling is taking a 10.4% stake in Condor Gold (TSX: COG; LON: CNR), which is advancing its La India gold project in Nicaragua. The privately held milling company has operated in Nicaragua for two decades and is majority owned by American mining engineer Randy Martin, who developed Hemco Nicaragua, a 1,200-tonne-per-day underground and open-pit mine at Bonanza. Martin later sold 90% of Hemco for US$96.8 million to Mineros SA.