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) generates frequent news for investors following gold mining, development and exploration in the Americas. The company’s updates cover operating performance at the high-grade San Albino open pit gold mine in Nicaragua, the Moss Mine in Arizona, and its project pipeline in Guyana and Nevada.
News releases often include quarterly and annual production and financial results, such as gold sales from San Albino and Moss, mine operating cash flow, adjusted EBITDA and changes in cash balances. These updates provide detail on mining, milling, heap leach performance and stockpile levels, as well as commentary from management on operating trends.
For project development, Mako publishes news on engineering and permitting milestones at the Eagle Mountain Project in Guyana, including geotechnical programs, environmental baseline work and progress toward Environmental Impact Assessment submissions. The company also reports on its agreements to acquire the permitted Mt. Hamilton Gold-Silver Project in Nevada, including the structure of the gold stream and net smelter return royalty with Sailfish Royalty Corp. and related shareholder and regulatory approvals.
Exploration-focused news highlights drilling results at areas such as El Golfo and Las Conchitas near San Albino, where reverse circulation and diamond drilling have intersected high-grade gold and silver mineralization in multiple veins. Corporate news items include equity financings, private placements, normal course issuer bids, related party transactions reviewed by special committees, and changes in capital structure.
Investors and followers of MAKOF can use this news feed to review operational updates, exploration results, financing activities and project-level developments across Mako Mining’s portfolio. Regularly reviewing these releases helps build a detailed picture of how the company’s mines and projects are advancing over time.
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.
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.