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Mako Mining Corp. (MAKOF) is a publicly listed gold mining, development, and exploration company operating the San Albino gold mine in Nueva Segovia, Nicaragua. With record gold sales and consistent financial growth, Mako focuses on profitable operations and funding exploration on its district-scale land package. Led by CEO Akiba Leisman, the Company reported strong financial results, including increased Mine Operating Cash Flow and Net Income, positioning itself for further growth and the acquisition of Goldsource Mines.
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Mako Mining Corp. has been approved for graduation to Tier 1 issuer status by the TSX Venture Exchange, marking a significant milestone for the company. The change from Tier 2 to Tier 1 classification reflects the company's advanced status and significant financial resources.
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Mako Mining Corp. reports record operational and financial results for Q4 2023, including a record 11,567 ounces of gold recovered and 13,481 ounces sold. The company also made significant principal repayments and reductions in payables, increasing cash balance and repurchasing shares. The mine's per-ounce cash flow generation highlights its financial strength and sustainability.
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Mako Mining Corp. (MKO) has reported exceptional production results, with a record-breaking quarter in gold ounces recovered and sold. The company has repaid significant debts, increased its cash balance, and initiated an aggressive exploration program. CEO Akiba Leisman anticipates record gold sales and ounces recovered, strengthening the company's balance sheet and enabling substantial investments in 2024.
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Mako Mining Corp. (MKO) announces the filing of an independent technical report supporting the updated mineral resource estimate for the San Albino Project in Nicaragua. The report confirms no material differences between the results in the press release and the Technical Report.
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Mako Mining Corp. (MKO)(MAKOF) reports Q3 2023 financial results, highlighting a temporary refining contract delay affecting revenues, EBITDA, and cash flow. Despite challenges, the company achieved $10.7 million in revenue, $3.0 million in Adjusted EBITDA, and $4.0 million in Mine Operating Cash Flow. Additionally, Mako made drawdowns and repayments on loans, invested in exploration, and initiated a normal course issuer bid. Following the delay, the company expects a record-breaking Q4.
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Mako Mining Corp. announces its normal course issuer bid to purchase up to 3,290,929 common shares, representing 5% of the total shares outstanding. The purchases will be made through the TSX Venture Exchange and will start on November 7, 2023, and end no later than November 6, 2024. Mako has hired PI Financial Corp. to make the purchases. The company believes that the current trading price does not reflect the true value of the shares and considers the repurchase to be a prudent use of funds.
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Mako Mining Corp. reports updated mineral resource estimate for the San Albino Project in Nicaragua. Measured and Indicated resource of 670,100 tonnes at 11.61 g/t Au for 250,200 gold ounces. Inferred resource of 383,300 tonnes at 10.54 g/t Au for 129,900 gold ounces. No additional capital required for extraction. The company continues to focus on delineating additional deposits on the property.
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Mako Mining Corp. provides Q3 2023 production results from its San Albino gold mine in Nicaragua. Highlights include 11,047 ounces of gold and 13,931 ounces of silver mined, 51,578 tonnes milled, and recoveries of 77.4% for gold. Q3 financial results and detailed operating costs will be released next month.
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Mako Mining Corp. reports outstanding production results with a record 3,817 Au Oz recovered in September. The company expects the trend to continue with access to higher-grade zones at Las Conchitas. Cash and bullion increased from US$1.8M to approximately US$4.7M. Debt repayment and exploration investment are priorities.
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Mako Mining Corp. announces improved production stats and positive impact on cash flow and profitability
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FAQ
What is the current stock price of MAKO MNG (MAKOF)?
The current stock price of MAKO MNG (MAKOF) is $2.237 as of November 22, 2024.
What is the market cap of MAKO MNG (MAKOF)?
The market cap of MAKO MNG (MAKOF) is approximately 171.7M.
What is Mako Mining Corp.?
Mako Mining Corp. is a publicly listed gold mining, development, and exploration company operating the San Albino gold mine in Nueva Segovia, Nicaragua.
Who is the CEO of Mako Mining Corp.?
Akiba Leisman is the Chief Executive Officer of Mako Mining Corp.
What is the primary objective of Mako Mining Corp.?
Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
What recent achievements has Mako Mining Corp. reported?
Mako has reported record gold sales, increased Mine Operating Cash Flow, and Net Income, positioning the company for growth and the acquisition of Goldsource Mines.
Where can I find the financial statements of Mako Mining Corp.?
For complete details, please refer to the financial statements and the associated management discussion and analysis for the latest periods on SEDAR or the company's website.
MAKO MNG CORP