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) reported high-grade drill results from the San Albino West Pit in Nicaragua, confirming gold mineralization over an area significantly larger than previously estimated. The company completed 13,284 meters in 99 drill holes in 2022, identifying new high-grade intercepts, including 36.65 g/t Au over 3.1 m. These results indicate potential for increased mineral resources and better accessibility for open-pit mining. The drilling aims to expand the San Albino gold deposit and enhance operational profitability.
Mako Mining Corp. reported operational updates on October 3, 2022, revealing Q2 2022 recoveries at 74.5%, lower than the 86% from 2019 tests. Post improvements initiated on August 10, recoveries averaged 85.9%. Key upgrades included reducing preg-robbing materials and optimizing mill throughput and cyanide levels. Despite lower recoveries, Mako generated $7.5 million in Mine Operating Cash Flow for Q2 2022, allowing $2.7 million for growth exploration. Future improvements include resuming pre-leach thickener operations to enhance efficiency.
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) announced positive results from its drilling program at the Las Conchitas area of the San Albino-Murra property. The drilling has confirmed high-grade gold and silver mineralization, with notable highlights including 15.36 g/t Au and 16.0 g/t Ag over 7.2m at Las Conchitas - Central. A total of 63,136 meters were drilled, with promising continuity in gold grades across multiple zones. The results support the potential for expanding mineral resources as Mako prepares to update its resource estimate in Q1 2023.
Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) has announced high-grade drill results from the San Albino West Pit, Nicaragua. The drilling program aims to expand the gold deposit size and explore mineralization beyond the permitted limits. To date, 32,436 meters have been drilled, revealing significant intersections, including 64.90 g/t Au over 2.00m. The company plans to initiate mining in this area early next year. CEO Akiba Leisman highlights improved geological understanding, with results validating previous findings. Upcoming results from Las Conchitas are expected within a week.
Mako Mining Corp. (OTCQX: MAKOF) announced promising results from its drilling program at the Las Conchitas area, part of the San Albino-Murra property. Highlights include intersecting high-grade gold and silver, such as 85.10 g/t Au and 153.0 g/t Ag over 1.30m. The drilling has confirmed continuity between two previously separated mineralized zones, expanding the known strike length to over 295m. The company plans to continue drilling, with a maiden resource estimate expected by Q1 2023.
Mako Mining Corp. (OTCQX: MAKOF) reported its Q2 2022 financial results, reflecting revenues of $16.2 million and an Adjusted EBITDA of $7.4 million. The company incurred a net loss of $3.2 million due to $6.8 million in depreciation. Cash costs per ounce sold were $860, while total cash costs were $903, with AISC at $1,121. Exploration expenses totaled $2.7 million. Mako has successfully extended the Wexford loan maturity to March 31, 2024, enabling operational flexibility.
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) announced a new gold-bearing structure named "Crucita" at its San Albino-Murra property, located 1.44 km south of its operational San Albino gold mine. Recent diamond drilling at the Las Conchitas-North area revealed high-grade intersections including 37.28 g/t Au and 34.9 g/t Ag over 2.60 m. The company is currently running five drill rigs and has completed 10,199 meters in its 2022 drilling campaign. CEO Akiba Leisman anticipates ongoing discoveries across their extensive 188 km² land package, emphasizing the potential of their orogenic gold system.
Mako Mining Corp. (OTCQX: MAKOF) reported its Q2 2022 production results from the San Albino gold mine in Nicaragua. A total of 47,220 tonnes were mined, yielding 11,421 ounces of gold at a grade of 7.52 g/t Au. The company milled 49,332 tonnes for 11,576 ounces at a grade of 7.30 g/t Au, achieving a gold recovery of 74.5%. The average realized price per ounce sold was US$1,866. Despite strong production, recovery rates were lower than expected due to carbon contamination. The company is optimizing its processing to improve recovery rates.
Mako Mining Corp. reported significant high-grade drill results from the San Albino West Pit in Nicaragua, revealing gold mineralization over an area of approximately 530m by 470m. Key findings include 42.91 g/t Au over 4.50m in drill hole SA22-615 and additional high-grade intercepts in various holes. This drilling program successfully established geological continuity of previously identified mineral zones, with an updated mineral resource estimate expected early next year. A total of 27,533 meters in drill holes have been completed since 2011.
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