Condor Gold ($COG.TO) is facing a hostile takeover bid from Metals Exploration ($MTL.L), which follows Condor's acceptance of an earlier offer before attempting to market itself. Metals Exploration, backed by Candy Ventures, is reportedly aiming to leverage its producing mine in the Philippines as part of its strategy to utilize free cash flow. In another development, New Found Gold ($NFG.V) has reported significant high-grade gold intersections at its Keats project, including 455 g/t gold over 4.1 meters, 148 g/t gold over 7.0 meters, and 58.6 g/t gold over 11.6 meters.