Pan American Silver Corp. (PAAS)

[NYBob]

Gold attracts new investment in Nicaragua -
Trish Saywell – The Northern Miner |
September 2, 2019 | 11:42 am
Exploration Latin America

https://www.mining.com/condor-gold-attracts-new-investment-in-nicaragua/

Note....
Nicaragua Milling acquired 50% of Condor Gold’s recent £4,038,504 ($5.1 million) private placement of 20.19 million units, at 20 pence per unit. Each unit consists of one common share and one-third of one share-purchase warrant.

Shareholders participating in the private placement include mining executive Ross Beaty, who kept his 7% stake in the company, and Jim Mellon, Condor’s non-executive director, who invested £1.5 million to increase his stake from 10% to 15%.

Proceeds of the placement will help advance Condor’s La India project, which hosts the historic La India mine, which operated between 1938 and 1956, and processed an estimated 1.7 million tonnes grading 13.4 grams gold per tonne for 576,000 oz. gold, some of it when the mine was under the ownership of Canadian miner Noranda. Mine records from 1953 show annual production of 41,861 oz. gold at a grade of 11.8 grams gold.

RE: When PAAS bought the Escobal mine a past producer -
@Krister888 -

When PAAS bought the Escobal mine a great silver producer -
one of the richest silver producing mines -
we hope to be reopen soon again )
PAAS the right operator for one of the greatest silver producing
mine on the earth )
God Bless