Condor Resources constantly monitors a short list of mines. After a strong analysis, Condor Resources selects mines based on its team expertise. Current production, proven reserve and asset value of the mining company are audited. The selected mines have to comply with local and international regulations.
Condor Resources signs an offtake agreement with the mine. In exchange of an advanced payment on futures metal deliveries, Condor Resources gets a special discount linked to an exclusivity of sale during a specific period. 100% of the commodity is hedged in order to stay market neutral all the times.
All offtake contracts are 100% collateralized through the mining company assets and proven reserves (assets are initially valued at lowest market prices).