Mako Mng Stock Price, News & Analysis

Mako Mining (OTCQX:MAKOF) has reported significant drill results from its El Golfo area within the El Jicaro Concession in Nicaragua. The highlight intersections include 197.80 g/t Au over 0.70m and 27.86 g/t Au over 4.00m estimated true width. The company has expanded its initial 3,000-meter RC drilling program to 6,500 meters of combined RC and diamond drilling following encouraging results.

The drilling program has confirmed the discovery announced in May 2025, defining a large footprint with dip potential measured in hundreds of meters and strike trends over multiple kilometers. The mineralization consists of multiple subparallel gold-bearing quartz veins with a northeast-southwest strike, hosted by deformed carbonaceous schists similar to those currently being mined by Mako.

The company plans to conduct a more aggressive drill program with the potential to incorporate the El Golfo area into their mine plan.

Mako Mining (OTCQX:MAKOF) reported strong Q2 2025 production results, achieving record gold revenue of $38.1 million. The company's San Albino gold mine in Nicaragua produced 10,104 oz of gold sold at $3,323 per ounce, while the Moss Mine contributed 1,372 oz from residual leaching.

Key operational metrics at San Albino include 54,354 tonnes mined at 6.24 g/t Au grade, 52,705 tonnes milled with 80.3% gold recovery, and mill throughput of 595 tonnes per day at 97% availability. The company's cash position increased significantly to $28.6 million, up $18.2 million from the previous quarter.

Additionally, Mako is advancing its Eagle Mountain project in Guyana, with environmental and engineering studies underway, and plans to restart mining operations at the Moss Mine in early Q3 2025.

Mako Mining (OTCQX:MAKOF) has acquired approximately US$49.5 million in debt from Elevation Gold Mining Corporation for US$1.8 million in cash. The debt was previously held by Maverix Metals Inc., a subsidiary of Triple Flag Precious Metals Corp. The transaction includes various promissory notes, loan agreements, and streaming agreements.

The company announced plans to pursue a Nasdaq listing to broaden its investor base and improve trading liquidity. Additionally, Mako announced board changes with John Pontius stepping down and Asheef Lalani, a CFA and CA, joining as a new director. The company also granted 6,500 RSUs to Chairman Eric Fier.

Mako Mining has fully recovered the US$6.4 million acquisition cost of its Moss Mine in Arizona through residual leaching operations and a US$1.53 million return from Trisura Insurance. The company's cash position has strengthened significantly, reaching US$27.4 million, marking a US$13.8 million increase since the start of Q2 2025. Mining operations at Moss Mine are set to restart in early July 2025, with steady-state production expected by Q4 2025. The company has engaged a new mine contractor, with equipment delivery scheduled for late June. Cash flow from both Moss and San Albino mines will fund exploration activities and the construction of the Eagle Mountain Project in Guyana, pending permits expected by Q2 2026.

Mako Mining reported exceptional Q1 2025 financial results, with record gold sales of $31.8 million from its San Albino and Moss mines. The company achieved record Mine Operating Cash Flow of $19.9 million, Adjusted EBITDA of $16.1 million, and Net Income of $9.4 million. They sold 10,817 oz of gold at an average price of $2,915/oz, with Cash Cost of $1,239/oz and AISC of $1,411/oz. The quarter was marked by the completion of the Moss Mine acquisition on March 27th, 2025. Without the Moss acquisition effect, Cash Cost and AISC would have been lower at $1,037/oz and $1,225/oz respectively. The company maintains strong financial health with $22.0 million in Cash and Receivables and $3.3 million in Restricted Cash as of May 31st, 2025. Mako demonstrated impressive returns with TTM ROE of 47.5% and ROA of 30.9%.

Mako Mining (MAKOF) has reported significant results from its 2025 RC drill program at the El Golfo area within Nicaragua. The key highlight is drill hole EJ25-RC53, which intersected 39.15 g/t Au and 27.8 g/t Ag over 8.0m (5.9m ETW), just 19.2m below surface. This is part of a 3,000-meter drilling program on their 224 km² land package. The El Golfo area, with historical mining dating back to the 18th century, is located less than 1km from the company's active Las Conchitas pits and 500 tonne/day San Albino plant. Additionally, Mako announced the acquisition of the new Tiburon concession, covering 36.05 km², valid until 2049. Historical mining at El Golfo reported impressive grades of 21.56 g/t Au before operations ceased in 1915 due to flooding.

Mako Mining has reported significant high-grade gold discoveries from its ongoing reverse circulation drilling program at Las Conchitas in Nicaragua. Key highlights include exceptional intersections of 117.98 g/t gold over 1.7m at the Cruz Grande/El Limon Vein, 18.14 g/t gold over 6.7m at Mina Francisco Vein, and 24.95 g/t gold over 3.9m at the Bayacun Vein. The drilling program aims to extend known high-grade veins and evaluate underground resource potential. A notable discovery includes a new high-grade vein (MF2) at Mina Francisco, demonstrating higher grade-thickness than previously identified. Las Conchitas, operational since July 2023, continues to be profitable, supplementing production from San Albino. The company has also initiated exploration at the historic El Golfo area, with results expected soon.

Mako Mining Corp (TSXV:MKO)(OTCQX:MAKOF) has announced key corporate updates. The company has appointed Steve Parsons as President, who previously served as Officer of the subsidiary Goldsource Mines since its acquisition in July 2024.

The company has granted 740,000 stock options to executive officers, employees, and contractors, with a five-year term expiring April 18th, 2030. These options will vest in 25% installments from 2026 to 2029, with an exercise price of C$4.47.

Additionally, Mako has awarded 502,785 restricted share units with a restricted period ending in 2028, and 145,000 deferred share units to directors, vesting upon service termination.

Mako Mining (MAKOF) reported strong Q1 2025 production results from its San Albino gold mine in Nicaragua. The company achieved record revenue of $31.5 million from total gold sales of 10,817 ounces, benefiting from higher realized gold prices.

Key operational highlights include:

• 48,813 tonnes mined containing 11,495 oz gold at 7.32 g/t
• 53,551 tonnes milled at 608 tonnes per day (22% above capacity)
• 85.3% mill recovery rate for gold
• 46.6:1 strip ratio

The company maintained a strong financial position with a cash balance of $14.2 million as of April 14th, 2025. The quarter also saw the completion of the Moss Mine acquisition, contributing 936 gold ounces from residual leach operations. Additionally, Mako is advancing its Eagle Mountain project in Guyana, targeting H2 2025 for Environmental Impact Statement submission.