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Mako Mining Corp. (MKO) announces the filing of an independent technical report supporting the updated mineral resource estimate for the San Albino Project in Nicaragua. The report confirms no material differences between the results in the press release and the Technical Report.
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End-of-Day
0.54%
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Mako Mining Corp. (MKO)(MAKOF) reports Q3 2023 financial results, highlighting a temporary refining contract delay affecting revenues, EBITDA, and cash flow. Despite challenges, the company achieved $10.7 million in revenue, $3.0 million in Adjusted EBITDA, and $4.0 million in Mine Operating Cash Flow. Additionally, Mako made drawdowns and repayments on loans, invested in exploration, and initiated a normal course issuer bid. Following the delay, the company expects a record-breaking Q4.
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Rhea-AI Sentiment
End-of-Day
2.05%
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Rhea-AI Summary
Mako Mining Corp. announces its normal course issuer bid to purchase up to 3,290,929 common shares, representing 5% of the total shares outstanding. The purchases will be made through the TSX Venture Exchange and will start on November 7, 2023, and end no later than November 6, 2024. Mako has hired PI Financial Corp. to make the purchases. The company believes that the current trading price does not reflect the true value of the shares and considers the repurchase to be a prudent use of funds.
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Rhea-AI Sentiment
End-of-Day
12.84%
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Mako Mining Corp. reports updated mineral resource estimate for the San Albino Project in Nicaragua. Measured and Indicated resource of 670,100 tonnes at 11.61 g/t Au for 250,200 gold ounces. Inferred resource of 383,300 tonnes at 10.54 g/t Au for 129,900 gold ounces. No additional capital required for extraction. The company continues to focus on delineating additional deposits on the property.
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Mako Mining Corp. provides Q3 2023 production results from its San Albino gold mine in Nicaragua. Highlights include 11,047 ounces of gold and 13,931 ounces of silver mined, 51,578 tonnes milled, and recoveries of 77.4% for gold. Q3 financial results and detailed operating costs will be released next month.
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Rhea-AI Sentiment
End-of-Day
1%
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Mako Mining Corp. reports outstanding production results with a record 3,817 Au Oz recovered in September. The company expects the trend to continue with access to higher-grade zones at Las Conchitas. Cash and bullion increased from US$1.8M to approximately US$4.7M. Debt repayment and exploration investment are priorities.
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Rhea-AI Sentiment
End-of-Day
-1.92%
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Mako Mining Corp. announces improved production stats and positive impact on cash flow and profitability
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End-of-Day
2.06%
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Mako Mining Corp. announces positive results from additional drill holes at Las Conchitas gold mine, with exceptional gold intervals reported in the southern portion. Extraction in the South area scheduled to begin in October. Grades and recoveries have improved since August. Operating update to be released in two weeks.
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Rhea-AI Sentiment
End-of-Day
-1.11%
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Mako Mining Corp. reports Q2 2023 financial results with $12.9 million in revenue, $4.0 million in adjusted EBITDA, and $4.9 million in mine operating cash flow. Permits received for extracting and processing material from Las Conchitas. Wexford Loan expanded by $2 million for working capital during Las Conchitas ramp up.
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Rhea-AI Sentiment
End-of-Day
-4%
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Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) announces positive results from RC infill drilling at Las Conchitas, showing high-grade gold and silver intersections. The drilling aimed to enhance the model and Mineral Resource Estimate, with plans to begin mining in the coming months. The results indicate potential for wider zones and improved understanding of vein geometry. A revised geologic model will be generated based on the 230 RC drill holes totaling approximately 9,000 meters.
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Rhea-AI Sentiment
End-of-Day
-5.77%
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MAKO MNG CORP
OTC:MAKOF
MAKOF Rankings
MAKOF Stock Data
157.64M
27.95M
2.04%
56.27%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Vancouver