(MENAFN- ProactiveInvestors)Mark Child chief executive of Nicaragua-focused gold explorer Condor Gold (LON:CNR) comments on the latest optimisation study of the firm's La India project which showed improved payback and economic metrics. The miner is currently in an offer period and is considering all options including a sale of the company or joint venture deal in a strategic review of where it goes from here. Consultant Whittle undertook the latest study to boost the early cashflows from the project and it estimates annual production could range from between 91000oz to 165000 oz gold in the first five years a 22% increase. All in sustaining cash costs remain under US$700 per oz gold.
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