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.
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.
Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) announced its Q4 2022 financial results, marking the sixth quarter since declaring commercial production at the San Albino gold mine. Key highlights include:
- $16.1 million in revenue
- $7.8 million in Adjusted EBITDA
- $8.8 million in Mine Operating Cash Flow
- $0.8 million net loss, primarily due to depreciation and exploration expenses
- Cash costs at $715/oz sold
- AISC at $1,062/oz sold
Record gold sales of 9,956 ounces were achieved, and the company reported total Mine OCF of $28.8 million for the year. Mako plans to continue growth and debt repayment while transitioning to higher-grade material mining.
Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) announced the successful completion of a share consolidation on a ten-for-one basis, resulting in 65,743,403 common shares issued and outstanding. Fractional shares less than 0.5 will be canceled, while those 0.5 or greater will be rounded up. The trading symbol MKO remains unchanged, with adjustments made to outstanding options and warrants. Registered shareholders will receive a letter of transmittal from Computershare Trust Company of Canada for certificate exchange. The company aims to operate its high-grade San Albino gold mine profitably and continues to seek further exploration opportunities.
Mako Mining Corp. has signed a binding letter of intent (LOI) with Sailfish Royalty Corp. to establish a 24-month silver stream for cash consideration of US$6 million. The agreement involves Mako delivering 13,500 ounces of silver monthly from its concessions, starting after the first month post-closing. Sailfish has the option to purchase additional silver after 12 months for US$1 million. The transaction, considered a related party transaction, is subject to specific conditions, including due diligence and financing completion. The cash will help Mako repay loans, improving its financial flexibility for future opportunities.
Mako Mining Corp. (OTCQX:MAKOF) plans to consolidate its common shares on a ten-to-one basis, following shareholder approval on July 26, 2022. Currently, there are approximately 657 million common shares outstanding, which will reduce to around 65.7 million after consolidation. CEO Akiba Leisman emphasized that this move aims to attract institutional investors and enhance stock liquidity and valuation. The consolidation requires TSX Venture Exchange approval and will maintain the trading symbol 'MKO'. Expected benefits include increased investor interest and reduced price volatility.
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