Mako Mng Stock Price, News & Analysis

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) announced a new gold-bearing structure named "Crucita" at its San Albino-Murra property, located 1.44 km south of its operational San Albino gold mine. Recent diamond drilling at the Las Conchitas-North area revealed high-grade intersections including 37.28 g/t Au and 34.9 g/t Ag over 2.60 m. The company is currently running five drill rigs and has completed 10,199 meters in its 2022 drilling campaign. CEO Akiba Leisman anticipates ongoing discoveries across their extensive 188 km² land package, emphasizing the potential of their orogenic gold system.

Mako Mining Corp. (OTCQX: MAKOF) reported its Q2 2022 production results from the San Albino gold mine in Nicaragua. A total of 47,220 tonnes were mined, yielding 11,421 ounces of gold at a grade of 7.52 g/t Au. The company milled 49,332 tonnes for 11,576 ounces at a grade of 7.30 g/t Au, achieving a gold recovery of 74.5%. The average realized price per ounce sold was US$1,866. Despite strong production, recovery rates were lower than expected due to carbon contamination. The company is optimizing its processing to improve recovery rates.

Mako Mining Corp. reported significant high-grade drill results from the San Albino West Pit in Nicaragua, revealing gold mineralization over an area of approximately 530m by 470m. Key findings include 42.91 g/t Au over 4.50m in drill hole SA22-615 and additional high-grade intercepts in various holes. This drilling program successfully established geological continuity of previously identified mineral zones, with an updated mineral resource estimate expected early next year. A total of 27,533 meters in drill holes have been completed since 2011.

Mako Mining Corp. (TSXV: MKO, OTCQX: MAKOF) has announced positive drill results from the San Pablo zone at its Las Conchitas-North area. Significant gold and silver grades were reported from the newly discovered Mina Francisco and Tirado veins, with highlights including 51.80 g/t Au and 29.8 g/t Ag over 0.90 m from Mina Francisco. The exploration program, funded by cash flow from the San Albino mine, aims to expand resource potential. A total of 4,670 meters have been drilled in 2022, with further results expected throughout the year.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) reported its Q1 2022 financial results, highlighting a revenue of $17.3 million and adjusted EBITDA of $8.3 million. The company incurred a net loss of $1.0 million while cash costs were recorded at $797 per ounce sold. The San Albino mine produced 9,580 ounces at a cash cost significantly impacted by rising diesel prices. Mako also invested $1.9 million in exploration and evaluation. Key developments include $4.6 million in loan repayments during the quarter and plans to double production capacity to 1,000 tonnes per day by next year.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) announced its Q1 2022 production results from the San Albino gold mine in Nicaragua. In this quarter, 49,780 tonnes were mined, yielding 11,577 ounces of gold at a grade of 7.23 g/t Au. The mill processed 46,869 tonnes, recovering 10,843 ounces of gold with an 85.6% recovery rate. The company sold 9,580 ounces at an average price of US$1,870 per ounce. CEO Akiba Leisman highlighted improvements in throughput, operating cash flow, and the ongoing optimization of the mill, indicating strong potential for future production.

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) reported strong Q4 2021 results, with $16.6 million in revenue and $9.4 million in Mine Operating Cash Flow. The company achieved a net income of $3.2 million while maintaining cash costs of $589 per ounce sold. Exploration expenses totaled $1.7 million, contributing to a robust financial position. Significant principal repayments of $7.1 million since Q4 2021 reflect the company’s commitment to financial health and plans to double processing capacity to 1,000 tonnes per day by next year.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) announced promising results from its exploration of the La Segoviana Concession, revealing high-grade gold mineralization at four prospects: El Silencio, La Reforma, San Luis-Caballo, and Minas America. Sampling yielded impressive grades, with La Reforma reaching up to 105.70 g/t Au over 1.5m. The company has secured surface rights for La Reforma, aimed at expediting development. A planned 7,000m drilling program will commence in the latter half of 2022 to further explore the region's potential.