Mako Mng Stock Price, News & Analysis

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.

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) reported high-grade drill results from the San Albino West Pit in Nicaragua, confirming gold mineralization over an area significantly larger than previously estimated. The company completed 13,284 meters in 99 drill holes in 2022, identifying new high-grade intercepts, including 36.65 g/t Au over 3.1 m. These results indicate potential for increased mineral resources and better accessibility for open-pit mining. The drilling aims to expand the San Albino gold deposit and enhance operational profitability.

Mako Mining Corp. reported operational updates on October 3, 2022, revealing Q2 2022 recoveries at 74.5%, lower than the 86% from 2019 tests. Post improvements initiated on August 10, recoveries averaged 85.9%. Key upgrades included reducing preg-robbing materials and optimizing mill throughput and cyanide levels. Despite lower recoveries, Mako generated $7.5 million in Mine Operating Cash Flow for Q2 2022, allowing $2.7 million for growth exploration. Future improvements include resuming pre-leach thickener operations to enhance efficiency.

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) announced positive results from its drilling program at the Las Conchitas area of the San Albino-Murra property. The drilling has confirmed high-grade gold and silver mineralization, with notable highlights including 15.36 g/t Au and 16.0 g/t Ag over 7.2m at Las Conchitas - Central. A total of 63,136 meters were drilled, with promising continuity in gold grades across multiple zones. The results support the potential for expanding mineral resources as Mako prepares to update its resource estimate in Q1 2023.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) has announced high-grade drill results from the San Albino West Pit, Nicaragua. The drilling program aims to expand the gold deposit size and explore mineralization beyond the permitted limits. To date, 32,436 meters have been drilled, revealing significant intersections, including 64.90 g/t Au over 2.00m. The company plans to initiate mining in this area early next year. CEO Akiba Leisman highlights improved geological understanding, with results validating previous findings. Upcoming results from Las Conchitas are expected within a week.

Mako Mining Corp. (OTCQX: MAKOF) announced promising results from its drilling program at the Las Conchitas area, part of the San Albino-Murra property. Highlights include intersecting high-grade gold and silver, such as 85.10 g/t Au and 153.0 g/t Ag over 1.30m. The drilling has confirmed continuity between two previously separated mineralized zones, expanding the known strike length to over 295m. The company plans to continue drilling, with a maiden resource estimate expected by Q1 2023.

Mako Mining Corp. (OTCQX: MAKOF) reported its Q2 2022 financial results, reflecting revenues of $16.2 million and an Adjusted EBITDA of $7.4 million. The company incurred a net loss of $3.2 million due to $6.8 million in depreciation. Cash costs per ounce sold were $860, while total cash costs were $903, with AISC at $1,121. Exploration expenses totaled $2.7 million. Mako has successfully extended the Wexford loan maturity to March 31, 2024, enabling operational flexibility.

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.