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 (OTCQX:MAKOF) has entered a definitive purchase and sale agreement to acquire 100% of Mt. Hamilton LLC and the Mt. Hamilton gold-silver project in White Pine County, Nevada, funded via a US$40 million arrangement with Sailfish Royalty.
Key deal terms include a 60-month gold stream delivering ~341.7 troy ounces per month at 20% of the LBMA PM Fix (minimum US$2,700/oz, maximum US$3,700/oz), followed by a 2% NSR royalty for life of mine. The Gold Stream will be secured against Mako assets and guaranteed by Mt. Hamilton LLC.
The transaction is a related‑party deal (common control by Wexford), a special committee obtained a unanimous recommendation and a Stifel fairness opinion, and a special shareholder meeting is expected by February 2026. Closing remains subject to TSXV and shareholder approvals. A Mt. Hamilton technical report has been filed on SEDAR+.
Mako Mining (OTCQX:MAKOF) reported Q3 2025 results with $27.6M revenue (vs. $15.7M in Q3 2024), $8.9M Mine Operating Cash Flow, $9.3M Adjusted EBITDA and $1.2M net income. The company sold 7,830 oz at an average realized price of $3,454/oz, with consolidated cash cost $2,115/oz and AISC $2,561/oz. Mako holds approximately $66.0M cash and is debt free after repaying $6.5M.
Operationally, San Albino returned to high‑grade production in late October while Moss restarted mining in August with steady state production expected in late Q1 2026. The company entered a binding term sheet to acquire Mt. Hamilton, including a gold stream delivering ~342 oz/month for 60 months. Subsequent financings raised gross proceeds of approximately C$55.3M.
Mako Mining (OTCQX:MAKOF / TSX-V:MKO) closed a C$40,250,000 bought‑deal brokered private placement of 5,031,250 common shares including the full over‑allotment, and a concurrent C$15,000,000 non‑brokered private placement of 1,875,000 common shares to funds managed by Wexford, for combined gross proceeds of C$55,250,000.
Proceeds are intended for ramp up of Moss Mine operations, construction of development assets, and general working capital. The LIFE Offered Shares and Concurrent Placement Shares are listed on the TSXV and are not subject to Canadian hold periods. The underwriters received a cash commission of C$2,415,000 (6.0% of the brokered proceeds). Wexford’s aggregate holding moved from ~47.73% to ~46.10% after closing.
Mako Mining (OTCQX:MAKOF) has announced a strategic acquisition of the Mt. Hamilton Gold-Silver Project in Nevada through a complex transaction with Sailfish Royalty Corp. The permitted project includes a significant gold-silver resource with 578,000 oz of gold and 4.84 million oz of silver in Measured & Indicated categories.
The acquisition involves two key transactions: First, Sailfish will acquire Mt. Hamilton LLC for US$40 million in cash, funded through a Wexford Capital bridge loan. Second, Sailfish will transfer the project to Mako in exchange for a corporate gold stream and a 2% NSR royalty. Notably, the deal requires no equity dilution.
The project also features a promising tungsten-copper-molybdenum target below the gold-silver deposit, with historical estimates indicating 6.2 Mt at 0.37% WO3, marking Mako's entry into U.S. critical metals sector.
Mako Mining (OTCQX:MAKOF) reported exceptional Q2 2025 financial results, achieving record performance metrics. The company generated $38.7 million in revenue from gold sales, a significant increase from $28.3 million in Q2 2024. Key highlights include record Adjusted EBITDA of $21.3 million, an $18.2 million increase in cash, and earnings per share of $0.11.
The company sold 11,476 ounces of gold at an average price of $3,323 per ounce, with Cash Costs of $1,509 and AISC of $1,668 per ounce sold. Mako demonstrated strong operational efficiency with a Twelve Trailing Months ROE of 33.9% and ROA of 23.5%. The company expects similar production rates for San Albino in H2 2025, with Q4 projected to be a record quarter as mining resumes at Moss Mine.
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.