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) delivers high-grade gold production through its San Albino mine in Nicaragua while advancing exploration in Guyana and evaluating strategic acquisitions. This news hub provides investors with official updates on operational milestones, resource expansion, and corporate developments.
Access timely reports on quarterly earnings, drilling results, and operational efficiencies from one of the mining sector's most disciplined operators. Track progress across key initiatives including the Eagle Mountain Gold Project and potential expansion into new jurisdictions through carefully vetted acquisitions.
Our curated news collection features verified updates on:
• Production results from active mining operations
• Exploration updates across district-scale land packages
• Strategic partnerships and asset evaluations
• Corporate governance and leadership developments
Bookmark this page for direct access to MAKOF's latest technical reports, financial disclosures, and progress updates from management. Stay informed about this growth-focused miner through comprehensive coverage of its operational excellence and exploration potential.
Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) announced its Q4 2022 financial results, marking the sixth quarter since declaring commercial production at the San Albino gold mine. Key highlights include:
- $16.1 million in revenue
- $7.8 million in Adjusted EBITDA
- $8.8 million in Mine Operating Cash Flow
- $0.8 million net loss, primarily due to depreciation and exploration expenses
- Cash costs at $715/oz sold
- AISC at $1,062/oz sold
Record gold sales of 9,956 ounces were achieved, and the company reported total Mine OCF of $28.8 million for the year. Mako plans to continue growth and debt repayment while transitioning to higher-grade material mining.
Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) announced the successful completion of a share consolidation on a ten-for-one basis, resulting in 65,743,403 common shares issued and outstanding. Fractional shares less than 0.5 will be canceled, while those 0.5 or greater will be rounded up. The trading symbol MKO remains unchanged, with adjustments made to outstanding options and warrants. Registered shareholders will receive a letter of transmittal from Computershare Trust Company of Canada for certificate exchange. The company aims to operate its high-grade San Albino gold mine profitably and continues to seek further exploration opportunities.
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