Mako Mng Stock Price, News & Analysis

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) announced additional high-grade drilling results from the Las Conchitas area of its San Albino-Murra property. The drilling program, with 718 holes totaling 78,641m, revealed significant gold and silver intercepts across three zones: North, Central, and South. Highlights include:

• 16.56 g/t Au and 38.8 g/t Ag over 1.80m (LC-N)
• 33.91 g/t Au and 30.0 g/t Ag over 2.00m (LC-C)
• 12.73 g/t Au and 24.7 g/t Ag over 6.00m (LC-S)
• High-grade silver intercept of 3,792.0 g/t Ag over 1.00m

CEO Akiba Leisman emphasized the potential economic impact of these findings.

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) has appointed Brian Szeto as an independent director, effective January 23, 2023. With over 20 years of experience in mining finance, Szeto previously held significant roles including Vice President at DBRS Morningstar and had a successful career as a mining analyst. His appointment is anticipated to enhance Mako's presence in capital markets and support growth at the San Albino gold mine, known for its high-grade output in Nicaragua. CEO Akiba Leisman emphasized that Szeto's experience will be vital for the company’s future objectives.

Mako Mining Corp. has announced its Q4 2022 production results from the San Albino gold mine in Nicaragua, marking the sixth quarter since declaring commercial production. Highlights include 50,893 tonnes mined yielding 9,990 oz Au at a grade of 6.11 g/t Au and 16,692 oz Ag at 10.20 g/t Ag. The company milled 49,204 tonnes, recovering 11,937 oz Au at 7.55 g/t Au and 18,408 oz Ag at 11.64 g/t Ag. Mako's average realized gold price was $1,726 per ounce. CEO Akiba Leisman expressed confidence in operational optimization, anticipating future consistent throughput at 600 tonnes per day by late Q1 2023.

Mako Mining Corp. (OTCQX: MAKOF) reports promising drill results from the San Albino SW Pit in Nicaragua, confirming several high-grade gold mineralization zones. In 2022, 16,472 meters were drilled with notable intersections including 98.50 g/t Au over 1.9m and 52.66 g/t Au over 2.0m. CEO Akiba Leisman emphasized the potential of this area, anticipating an update to the current resource and plans to commence mining within months. The drilling program aims to define continuity and expand the mineralized zones further.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) reported financial results for Q3 2022, highlighting $13.6 million in revenue and a net loss of $7 million. Adjusted EBITDA stood at $4 million, while Mine Operating Cash Flow was $3.8 million. Cash costs per ounce sold were $1,018, with all-in sustaining costs at $1,367. Despite lower recovery rates and throughput, the company has invested $4 million in growth exploration. The CEO anticipates a strong Q4, projecting increased throughput, reduced costs, and record gold sales.

Mako Mining Corp. (OTCQX: MAKOF) announced a positive interim Q4 2022 update regarding its San Albino gold mine in Nicaragua. The company has resolved previous recovery issues, achieving a production rate of 539 tonnes per day (tpd) with 85.6% recoveries in October. Mako expects record gold sales in Q4 2022, having sold 5,455 ounces by mid-November. Additionally, a pre-leach thickener was commissioned to enhance throughput, allowing operations to reach 600 tpd without further capital expenditures. Financial results for Q3 2022 will be reported on November 21, 2022.

Mako Mining Corp (TSXV: MKO; OTCQX: MAKOF) has released an update regarding its operations in Nicaragua following new U.S. sanctions imposed on the General Directorate of Mines. The company is conducting an internal review of the impact of these measures but anticipates no material changes to its operations at the San Albino mine. CEO Akiba Leisman reaffirmed the company's commitment to its Nicaraguan operations and local communities. Mako will provide further updates after discussions with U.S. advisors.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) has announced significant drilling results from its Las Conchitas area at the San Albino-Murra property. The program, utilizing seven diamond drill rigs, aims to evaluate gold mineralization suitable for both open pit and underground mining methods. Highlights include high-grade intersections such as 42.59 g/t Au over 2.10 m and 65.45 g/t Au over 1.80 m. CEO Akiba Leisman emphasized the expanding potential of the San Albino-Murra district, supported by a $17.2 million exploration campaign. Mako plans to continue testing the full 28 km mineralized strike in the upcoming years.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) released its Q3 2022 production results from the San Albino gold mine. The mine reported the extraction of 10,531 ounces of gold from 52,084 tonnes mined at an average grade of 6.28 g/t Au. Milling operations processed 44,452 tonnes with recovery rates improving to 86.4% post-optimizations. The company anticipates increased recovery in Q4 and reported a robust operating cash flow alongside a $1.3 million monthly increase in exploration expenditures.