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. (TSXV:MKO)(OTCQX:MAKOF) announced on February 7, 2023, the resignation of Mr. Brian Szeto from its board of directors due to his employer's compliance policy changes. CEO Akiba Leisman expressed regret about Szeto's departure but noted his ongoing support for the company and the San Albino project. Mako Mining focuses on the profitable operation of its high-grade San Albino gold mine in Nicaragua and aims to fund exploration across its land package. The company continues to prioritize growth and operational excellence.
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) announced additional high-grade drilling results from the Las Conchitas area of its San Albino-Murra property. The drilling program, with 718 holes totaling 78,641m, revealed significant gold and silver intercepts across three zones: North, Central, and South. Highlights include:
- 16.56 g/t Au and 38.8 g/t Ag over 1.80m (LC-N)
- 33.91 g/t Au and 30.0 g/t Ag over 2.00m (LC-C)
- 12.73 g/t Au and 24.7 g/t Ag over 6.00m (LC-S)
- High-grade silver intercept of 3,792.0 g/t Ag over 1.00m
CEO Akiba Leisman emphasized the potential economic impact of these findings.
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) has appointed Brian Szeto as an independent director, effective January 23, 2023. With over 20 years of experience in mining finance, Szeto previously held significant roles including Vice President at DBRS Morningstar and had a successful career as a mining analyst. His appointment is anticipated to enhance Mako's presence in capital markets and support growth at the San Albino gold mine, known for its high-grade output in Nicaragua. CEO Akiba Leisman emphasized that Szeto's experience will be vital for the company’s future objectives.
Mako Mining Corp. has announced its Q4 2022 production results from the San Albino gold mine in Nicaragua, marking the sixth quarter since declaring commercial production. Highlights include 50,893 tonnes mined yielding 9,990 oz Au at a grade of 6.11 g/t Au and 16,692 oz Ag at 10.20 g/t Ag. The company milled 49,204 tonnes, recovering 11,937 oz Au at 7.55 g/t Au and 18,408 oz Ag at 11.64 g/t Ag. Mako's average realized gold price was $1,726 per ounce. CEO Akiba Leisman expressed confidence in operational optimization, anticipating future consistent throughput at 600 tonnes per day by late Q1 2023.
Mako Mining Corp. (OTCQX: MAKOF) reports promising drill results from the San Albino SW Pit in Nicaragua, confirming several high-grade gold mineralization zones. In 2022, 16,472 meters were drilled with notable intersections including 98.50 g/t Au over 1.9m and 52.66 g/t Au over 2.0m. CEO Akiba Leisman emphasized the potential of this area, anticipating an update to the current resource and plans to commence mining within months. The drilling program aims to define continuity and expand the mineralized zones further.
Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) reported financial results for Q3 2022, highlighting $13.6 million in revenue and a net loss of $7 million. Adjusted EBITDA stood at $4 million, while Mine Operating Cash Flow was $3.8 million. Cash costs per ounce sold were $1,018, with all-in sustaining costs at $1,367. Despite lower recovery rates and throughput, the company has invested $4 million in growth exploration. The CEO anticipates a strong Q4, projecting increased throughput, reduced costs, and record gold sales.
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.
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