Mako Mining Corp - MAKOF STOCK NEWS

Welcome to our dedicated news page for Mako Mining (Ticker: MAKOF), a resource for investors and traders seeking the latest updates and insights on Mako Mining.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mako Mining's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mako Mining's position in the market.

04/22/2024 07:00 AM

News

Mako Mining Announces Q1 2024 Production Results

Rhea-AI Summary

Mako Mining announces strong Q1 2024 production results with record gold and silver output. The company mined 67,961 tonnes with 13,965 oz of gold and 15,718 oz of silver. They achieved significant increases in cash balance and gold equivalent recoveries, along with share repurchases and an environmental settlement. The CEO highlights a profitable quarter with industry-leading AISC, record throughput rates, and preparations for the Goldsource Mines acquisition.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

0.65%

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04/11/2024 07:00 AM

News

Mako Mining Reports Fourth Quarter and Full Year 2023 Financial Results, Including Q4 EPS of US$0.145 /share and Q4 Gold Sales of 13,481 Oz at $817/oz AISC

Rhea-AI Summary

Mako Mining Corp. reports record financial results for Q4 2023 with $26.5 million in revenue, $16.8 million in Mine Operating Cash Flow, and $9.5 million in Net Income. The company sold 13,481 oz of gold at $817 AISC per oz. Debt repayment of $6.9 million and $1.0 million in exploration expenses were highlighted. CEO Akiba Leisman mentions record-breaking performance in various metrics and plans for the acquisition of Goldsource Mines.

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Rhea-AI Sentiment

End-of-Day

7.27%

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03/28/2024 07:00 AM

News

Mako Mining Completes Settlement with GR Silver and Wexford Loan Extension

Rhea-AI Summary

Mako Mining Corp. closes a debt settlement transaction of US$960,000 with GR Silver Mines and extends the maturity date of a loan agreement with Wexford Capital LP to 2029. The company issues shares and makes a cash payment as part of the settlement. CEO Akiba Leisman emphasizes the positive impact on the company's balance sheet and future operations.

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End-of-Day

1.25%

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03/26/2024 07:00 AM

News

Mako Mining to Acquire Goldsource Mines Creating a Scalable Diversified Gold Producer with a Platform for Growth

Rhea-AI Summary

Mako Mining Corp. and Goldsource Mines Inc. have entered into an arrangement agreement for Mako to acquire all of Goldsource's issued shares. The transaction will combine Mako's Nicaraguan gold operations with Goldsource's Eagle Mountain Gold Project in Guyana, creating a company with enhanced growth potential, proven management teams, and district-scale exploration opportunities. Key highlights include geographic diversification, leveraging of engineering teams, robust free cash flow generation, and geological similarities between assets. The transaction is expected to create value for both Mako and Goldsource shareholders.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

25.72%

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03/13/2024 07:00 AM

News

Mako Mining Intersects 13.43 g/t Au and 36.8 g/t Ag over 9 m (Estimated True Width) at Las Conchitas, 57m from Surface, Outside of Current Mineral Resource Estimate

Rhea-AI Summary

Mako Mining Corp. provides an update on the results of the ongoing RC drill program at Las Conchitas, showing potential for high-grade gold mineralization expansion. Significant intercepts include 13.43 g/t Au and 36.8 g/t Ag over 9.0 m at Mango vein. CEO Akiba Leisman highlights the success of the exploration team and the company's strong financial position for future growth.

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Rhea-AI Sentiment

End-of-Day

3.23%

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02/15/2024 07:00 AM

News

Mako Announces Settlement and Release Agreement With GR Silver

Rhea-AI Summary

Mako Mining Corp. (MAKOF) settles outstanding obligations with GR Silver Mines Ltd., strengthening balance sheet. The company pays US$960,000 and issues 296,710 common shares to settle reclamation and rehabilitation obligations related to the sale of Mexican operations. CEO Akiba Leisman highlights the positive impact on the balance sheet and management focus.

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Rhea-AI Sentiment

End-of-Day

0.65%

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01/24/2024 07:00 AM

News

Mako Mining Intersects 51.78 g/t Au over 3.9 m (Estimated True Width) at Las Conchitas, 62 m from Surface, Outside of Current Mineral Resource Estimate

Rhea-AI Summary

Mako Mining Corp. announces positive results from a reverse circulation drill program at Las Conchitas, confirming high-grade gold and silver mineralization. The company is expanding its resource potential and aims to generate significant cash flows for business growth and shareholder returns.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

2.73%

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01/19/2024 10:00 AM

News

Mako Mining Announces Graduation To Tier 1 Status on the TSX Venture Exchange

Rhea-AI Summary

Mako Mining Corp. has been approved for graduation to Tier 1 issuer status by the TSX Venture Exchange, marking a significant milestone for the company. The change from Tier 2 to Tier 1 classification reflects the company's advanced status and significant financial resources.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

6.51%

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01/15/2024 07:00 AM

News

Mako Mining Announces Record Q4 2023 Production Results

Rhea-AI Summary

Mako Mining Corp. reports record operational and financial results for Q4 2023, including a record 11,567 ounces of gold recovered and 13,481 ounces sold. The company also made significant principal repayments and reductions in payables, increasing cash balance and repurchasing shares. The mine's per-ounce cash flow generation highlights its financial strength and sustainability.

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12/08/2023 07:00 AM

News

Mako Mining Is on Track for Record Gold Sales in Q4 2023 With Significantly Improved Balance Sheet

Rhea-AI Summary

Mako Mining Corp. (MKO) has reported exceptional production results, with a record-breaking quarter in gold ounces recovered and sold. The company has repaid significant debts, increased its cash balance, and initiated an aggressive exploration program. CEO Akiba Leisman anticipates record gold sales and ounces recovered, strengthening the company's balance sheet and enabling substantial investments in 2024.

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End-of-Day

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