Welcome to our dedicated page for Mako Mng news (Ticker: MAKOF), a resource for investors and traders seeking the latest updates and insights on Mako Mng stock.
Mako Mining Corp. (MAKOF) generates frequent news for investors following gold mining, development and exploration in the Americas. The company’s updates cover operating performance at the high-grade San Albino open pit gold mine in Nicaragua, the Moss Mine in Arizona, and its project pipeline in Guyana and Nevada.
News releases often include quarterly and annual production and financial results, such as gold sales from San Albino and Moss, mine operating cash flow, adjusted EBITDA and changes in cash balances. These updates provide detail on mining, milling, heap leach performance and stockpile levels, as well as commentary from management on operating trends.
For project development, Mako publishes news on engineering and permitting milestones at the Eagle Mountain Project in Guyana, including geotechnical programs, environmental baseline work and progress toward Environmental Impact Assessment submissions. The company also reports on its agreements to acquire the permitted Mt. Hamilton Gold-Silver Project in Nevada, including the structure of the gold stream and net smelter return royalty with Sailfish Royalty Corp. and related shareholder and regulatory approvals.
Exploration-focused news highlights drilling results at areas such as El Golfo and Las Conchitas near San Albino, where reverse circulation and diamond drilling have intersected high-grade gold and silver mineralization in multiple veins. Corporate news items include equity financings, private placements, normal course issuer bids, related party transactions reviewed by special committees, and changes in capital structure.
Investors and followers of MAKOF can use this news feed to review operational updates, exploration results, financing activities and project-level developments across Mako Mining’s portfolio. Regularly reviewing these releases helps build a detailed picture of how the company’s mines and projects are advancing over time.
Mako Mining Corp. has announced positive drill results from its expansion drilling at the San Albino resource, indicating potential increases in mineral resources. Significant intercepts include 22.20 g/t Au and 23.1 g/t Ag in the West Pit, and 31.70 g/t Au and 39.2 g/t Ag in the SW Pit. The company is expanding its drilling operations with plans to increase its rig count to eight. A technical report is filed under NI 43-101 outlining these findings. Management anticipates a significant upgrade in mineral resources based on current drilling results.
Mako Mining Corp. has released its fourth quarter 2021 production results from the San Albino gold mine in Nicaragua, marking a strong performance since declaring commercial production on July 1, 2021. In Q4 2021, the mine produced 12,251 ounces of gold with a blended grade of 8.63 g/t. The total mined was 44,160 tonnes, with 10,291 oz Au recovered and sold at an average price of US$1,797 per ounce. The mill averaged over 500 tonnes per day, achieving improved operational efficiency. Further improvements in mill availability are expected in early 2022.
Mako Mining Corp. has announced positive results from the first 12 benches of the San Albino vein at its gold project in Nicaragua. Mining yielded 32,208 ounces of gold and 55,687 ounces of silver from 103,783 tonnes of diluted material, averaging 9.72 g/t Au and 16.69 g/t Ag. These results show a 10% positive grade reconciliation compared to the mineral resource estimate, a significant validation of the geological model. The company aims to capitalize on this data for further exploration.
Mako Mining Corp. has received an exploration permit from MARENA for its La Segoviana concession, valid for 10 years and renewable for an additional 20. The permit allows for up to 1,100,000 meters of drilling, including 500,000 meters of diamond drilling, and 32,500 meters of trenching. Key surface rights have also been acquired for La Segoviana, with plans for the first exploration budget to be prepared in early 2022. Furthermore, the company has announced the departure of Cesar Gonzalez, Vice President of Corporate Development, to pursue other opportunities.
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) reported Q3 2021 financial results, marking its first full quarter since declaring commercial production at the San Albino gold mine on July 1, 2021. The company generated $14.3 million in revenue and $6.7 million in adjusted EBITDA. Operating cash flow stood at $5.6 million, with cash costs at $660 per ounce. Working capital increased by $15.3 million. The processing plant operated at 429 tonnes per day at 85% availability. CEO Akiba Leisman anticipates continued growth in Q4 2021 as production ramps up further.
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) announced that the Ministry of Environmental and Natural Resources in Nicaragua has granted an exploration permit for the Potrerillos concession, valid for 10 years and renewable for an additional 20. Starting November 15, 2021, the company can drill up to 800,000 meters, including 250,000 meters of diamond drilling. Additionally, all legal procedures for the La Segoviana concession are complete, and approval is expected within 45 days. This positions Mako to explore previously undrilled parts of their concessions, totaling 188 square kilometers.