MAKO MNG CORP - MAKOF STOCK NEWS

Mako Mining announced the filing of an amended technical report for the San Albino Project in response to comments from the British Columbia Securities Commission. The report, effective October 11, 2023, includes additional sections on mining and recovery methods, project infrastructure, market studies, environmental studies, and capital and operating costs as required by NI 43-101 standards.

Notably, the amended report does not change the resource estimates. From November 1, 2023, to May 31, 2024, the company mined 32,567 oz of gold, surpassing the predicted 26,940 oz by over 20%. The report reflects a mining operation that has been commercially active for three years.

The amended report was prepared by Mine Development Associates and is available on the company's website and SEDAR.

Mako Mining has reissued two exploration press releases due to a compliance issue. The original reviews were conducted by Mr. John Kowalchuk, whose qualification as a 'qualified person' lapsed on January 1, 2024. This affected the validity of the reviews for the January 24 and March 13, 2024 releases. To rectify this, Dr. Matthew D. Gray, a qualified person under NI 43-101, has reviewed and approved the contents of these reissued releases.

The company took this step to ensure compliance with NI 43-101 standards, which are important for maintaining investor confidence and regulatory compliance.

Mako Mining reported Q1 2024 financial results with gold sales of 9,267 oz at an All-In Sustaining Cost (AISC) of $1,043/oz. The company earned $19.2 million in revenue, generated $10.4 million in Mine Operating Cash Flow, and achieved $5.3 million in Net Income, equating to $0.08 earnings per share (EPS). Adjusted EBITDA was $9.2 million, and cash costs were reported at $858/oz sold. Mako Mining repaid $1.3 million in debt and spent $0.7 million on exploration and evaluation. CEO Akiba Leisman highlighted strong performance and increased cash and receivable balances by nearly $6 million. Over the past six months, the company sold 22,748 ounces at $917/oz AISC, generating $27 million in Mine OCF and $14.8 million in net income. The company plans to renew and expand its share repurchase program and anticipates completing the Goldsource Mines acquisition by the end of the quarter.

Mako Mining announces strong Q1 2024 production results with record gold and silver output. The company mined 67,961 tonnes with 13,965 oz of gold and 15,718 oz of silver. They achieved significant increases in cash balance and gold equivalent recoveries, along with share repurchases and an environmental settlement. The CEO highlights a profitable quarter with industry-leading AISC, record throughput rates, and preparations for the Goldsource Mines acquisition.

Mako Mining Corp. reports record financial results for Q4 2023 with $26.5 million in revenue, $16.8 million in Mine Operating Cash Flow, and $9.5 million in Net Income. The company sold 13,481 oz of gold at $817 AISC per oz. Debt repayment of $6.9 million and $1.0 million in exploration expenses were highlighted. CEO Akiba Leisman mentions record-breaking performance in various metrics and plans for the acquisition of Goldsource Mines.

Mako Mining Corp. closes a debt settlement transaction of US$960,000 with GR Silver Mines and extends the maturity date of a loan agreement with Wexford Capital LP to 2029. The company issues shares and makes a cash payment as part of the settlement. CEO Akiba Leisman emphasizes the positive impact on the company's balance sheet and future operations.

Mako Mining Corp. and Goldsource Mines Inc. have entered into an arrangement agreement for Mako to acquire all of Goldsource's issued shares. The transaction will combine Mako's Nicaraguan gold operations with Goldsource's Eagle Mountain Gold Project in Guyana, creating a company with enhanced growth potential, proven management teams, and district-scale exploration opportunities. Key highlights include geographic diversification, leveraging of engineering teams, robust free cash flow generation, and geological similarities between assets. The transaction is expected to create value for both Mako and Goldsource shareholders.

Mako Mining Corp. provides an update on the results of the ongoing RC drill program at Las Conchitas, showing potential for high-grade gold mineralization expansion. Significant intercepts include 13.43 g/t Au and 36.8 g/t Ag over 9.0 m at Mango vein. CEO Akiba Leisman highlights the success of the exploration team and the company's strong financial position for future growth.

Mako Mining Corp. (MAKOF) settles outstanding obligations with GR Silver Mines Ltd., strengthening balance sheet. The company pays US$960,000 and issues 296,710 common shares to settle reclamation and rehabilitation obligations related to the sale of Mexican operations. CEO Akiba Leisman highlights the positive impact on the balance sheet and management focus.