Northwire Canada EditionFriday, November 13, 2026
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Gold 3,880.70 −0.1% Silver 48.55 −3.0% Copper 6.06 −2.2% Oil 88.97 +0.3% Palladium 999.50 +0.8% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% XTG 2.10 +5.0% RUA 1.07 −2.7% TUF 0.620 +0.0% NEXG 1.12 −1.8% ELEF 0.280 +0.0% LVG 0.345 +1.5% BBB 0.500 +0.0% NGC 0.055 −8.3% Gold 3,880.70 −0.1% Silver 48.55 −3.0% Copper 6.06 −2.2% Oil 88.97 +0.3% Palladium 999.50 +0.8% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% XTG 2.10 +5.0% RUA 1.07 −2.7% TUF 0.620 +0.0% NEXG 1.12 −1.8% ELEF 0.280 +0.0% LVG 0.345 +1.5% BBB 0.500 +0.0% NGC 0.055 −8.3%
Management Routine −

Condor Announces Management Change

Condor faces liquidity and execution risks following the departure of its chief executive officer at the cash-strapped explorer.

By The Northwire Desk — AI Analysis Nov 13, 2026 · 16:30 CN · 0.12 Condor Resources Inc.
Executive Summary

Condor Resources Inc. (CN) announced that Chris Buncic has resigned as President and Chief Executive Officer, effective December 23, 2026. Mr. Buncic, who has served as CEO since April 2024, is departing to pursue another opportunity.

In response to the leadership change, the Board of Directors has appointed Chief Financial Officer Jonathan Younie as interim President and CEO until a permanent executive is hired. The Board thanked Mr. Buncic for his leadership over the past 30 months and wished him well.

Material Impact

Condor Resources Inc. (CN) announced the resignation of its chief executive officer, a move that introduces immediate operational and strategic uncertainty for the pre-revenue exploration company. The firm currently holds a going concern flag and possesses only $12,080 in cash.

The company has appointed its chief financial officer as interim leader. While this step mitigates a total leadership vacuum, it does not address the underlying liquidity crisis or the lack of exploration results. The news is routine in the sense that interim leadership is standard procedure, but the context of a cash-strapped company with delayed project milestones makes it a negative development. The change compounds existing execution risks without providing a clear solution, reinforcing the need for external capital and exploration success.

CN · Price
Company Overview

Condor Resources Inc. (CN) is a pre-revenue junior explorer focused on gold, silver, and copper projects in Peru. The company’s flagship asset is the Pucamayo project, an 85-square-kilometer, 100%-owned property characterized by high- and intermediate-sulphidation epithermal and porphyry Au-Ag-Cu systems.

The company’s portfolio also includes the Cobreorco project, held in joint venture with Teck, and the Huiñac Punta project, which is scheduled for maiden drilling in the second quarter of 2027. Additionally, the Lucero project has been optioned to Element79. Condor Resources is currently in the exploration and permitting stage and has not yet commenced production.

Read the original news release →

More from Condor Resources Inc.

Nov 10, 2026 · 17:00

Condor faces cash runway risk due to a partner payment delay ahead of maiden drilling at its project.

Production / Operations Aug 31, 2026 · 07:30

Peru Junior has secured a drilling permit for the Pucamayo deposit, unlocking half of its flagship project for future exploration activities.

Drill Results Aug 10, 2026 · 17:30

Condor restructures Lucero to cure default, securing $1.1m cash to fund exploration at its Peruvian assets.

M&A / Property May 29, 2026 · 07:30

Condor Resources Commences Drilling at Cobreorco as Teck JV Partner Validates Project Timeline

Drill Results Mar 10, 2026 · 17:57

Condor Resources gets go-ahead for Cobreorco drilling

Drill Results Mar 10, 2026 · 07:30

Teck Resources greenlights 3,500m drill program at Cobreorco as Condor secures final permits and bolsters balance sheet through asset sales.

Drill Results