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Mako Mng - MAKOF STOCK NEWS

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Company Overview

Mako Mining Corp (symbol: MAKOF) is a publicly listed gold mining, development and exploration company known for its expertise in high-grade mining operations. With the San Albino gold mine in Nueva Segovia, Nicaragua as its flagship asset, Mako has established itself through a disciplined operational framework and robust exploration programs which span a district-scale land package. The company is also strategically positioned in Guyana with its Eagle Mountain Gold Project and is actively advancing its portfolio with potential acquisitions like the Moss mine in Arizona.

Core Assets and Operations

Mako’s core business is centered on the operation of one of the world’s highest-grade open pit gold mines at San Albino. This asset is renowned for its outstanding ore quality and efficient production methods. The company leverages industry standard, state-of-the-art technology in both mining and processing, ensuring high recovery rates and operational efficiency. Its Eagle Mountain Gold Project in Guyana represents a significant PEA-stage asset that is subject to advanced engineering and environmental studies, providing further opportunities for expansion within a robust geological setting.

Business Model and Strategic Initiatives

The company’s business model is built on generating cash flows from high-grade production to finance ongoing exploration and development of prospective targets. Mako consistently reinvests funds from its profitable San Albino operations into district-scale exploration, ensuring continual growth in its resource base. Recent strategic initiatives, including the acquisition process for the Moss mine, highlight Mako’s approach to leveraging undervalued assets and diversifying its portfolio in attractive mining jurisdictions. This balanced model, combining steady production with strategic acquisitions, underscores the company’s ability to adapt and thrive in varying market conditions.

Operational Excellence and QA/QC

Mako Mining Corp is committed to operational excellence. Every phase of its mining process, from reverse circulation drilling to milling and recovery, is executed with a focus on safety, efficiency and stringent quality control. The company adheres to internationally recognized QA/QC protocols, ensuring that assay samples and production data meet rigorous standards. Through continuous use of advanced geotechnical and metallurgical techniques, the company not only maintains high production standards but also provides transparent and verifiable information to its investors.

Exploration and Growth Potential

Innovation and exploration are at the heart of Mako’s strategy. The company’s disciplined approach to exploration across its 188 square kilometer land package has led to numerous high-grade discoveries that extend beyond current resource estimates. This extended exploration strategy is reflected in its ongoing drilling programs at Las Conchitas and other regional targets. By systematically testing for mineralized extensions and new gold-bearing zones, Mako reinforces its commitment to sustaining long-term growth and solidifying its position within the competitive gold mining landscape.

Leadership and Governance

Mako is led by an experienced management team with substantial expertise in mining, geology and corporate strategy. The executive leadership, supported by a board comprising independent and non-independent directors with rich backgrounds in the mining sector, drives the company’s high standards for corporate governance and operational integrity. Their experience is a cornerstone of the company’s ability to navigate complex projects and maintain investor confidence through transparency and consistent performance.

Competitive Position and Industry Expertise

Within a highly competitive global mining sector, Mako distinguishes itself through its commitment to excellence in mining operations and exploration. The company’s methodology emphasizes a careful balance of operational efficiency, technical precision and calculated asset development. By focusing on high-grade ore bodies and maintaining robust cash flows, Mako reinforces its reputation as an industry expert in gold mining and exploration. The detailed and technical approach in its operational updates showcases deep industry knowledge, further bolstering its authoritativeness in the mining community.

Conclusion

Mako Mining Corp has firmly established itself as a key player in the high-grade gold mining space. Its integrated approach—combining profitable, efficient mining operations with a strong exploration portfolio and strategic acquisitions—ensures that the company remains well-positioned within its competitive landscape. Investors and industry stakeholders can rely on Mako’s long-standing operational expertise, rigorous QA/QC methodologies and disciplined management strategy, all of which serve as a testament to its commitment to excellence in the mining industry.

Rhea-AI Summary
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.
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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.
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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.
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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.
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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.
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Mako Mining Corp. announces positive results from a reverse circulation drill program at Las Conchitas, confirming high-grade gold and silver mineralization. The company is expanding its resource potential and aims to generate significant cash flows for business growth and shareholder returns.
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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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FAQ

What is the current stock price of Mako Mng (MAKOF)?

The current stock price of Mako Mng (MAKOF) is $2.65 as of April 4, 2025.

What is the market cap of Mako Mng (MAKOF)?

The market cap of Mako Mng (MAKOF) is approximately 221.6M.

What is Mako Mining Corp's core business?

Mako Mining Corp is focused on high-grade gold mining, development, and exploration, primarily operating its San Albino open pit mine in Nicaragua while advancing projects in Guyana and exploring strategic acquisitions.

Which key assets does Mako Mining operate?

The company operates the San Albino gold mine, recognized as one of the world’s highest-grade open pit gold mines, and has significant interests in the Eagle Mountain Gold Project in Guyana, in addition to pursuing acquisitions like the Moss mine.

How does Mako Mining generate revenue?

Mako generates revenue primarily through its efficient gold mining operations at San Albino, which produce high-grade ore with strong recovery rates, while reinvesting cash flows to further exploration and asset development.

What distinguishes Mako Mining's operational approach?

Mako employs advanced drilling, milling, and quality control procedures, adhering to strict QA/QC standards. This operational excellence ensures high recovery rates, safety, and transparency in its production processes.

How does Mako Mining support its exploration initiatives?

The company reinvests cash flow from its profitable mining operations into extensive exploration programs across a large land package. These programs use state-of-the-art geotechnical techniques to identify and extend high-grade targets.

What can investors expect regarding Mako Mining’s management and governance?

Mako is led by a seasoned management team and supported by experienced directors. This strong leadership, combined with rigorous corporate governance practices, reinforces investor confidence through transparent and reliable operational practices.

How is Mako Mining positioned within the competitive mining sector?

By combining efficient high-grade production with strategic exploration and potential acquisitions, Mako stands out in a competitive sector. Its focus on operational excellence and disciplined asset development differentiates it from other industry players.
Mako Mng

OTC:MAKOF

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MAKOF Stock Data

221.56M
645.72M
2.76%
49.13%
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