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) reported its Q1 2022 financial results, highlighting a revenue of $17.3 million and adjusted EBITDA of $8.3 million. The company incurred a net loss of $1.0 million while cash costs were recorded at $797 per ounce sold. The San Albino mine produced 9,580 ounces at a cash cost significantly impacted by rising diesel prices. Mako also invested $1.9 million in exploration and evaluation. Key developments include $4.6 million in loan repayments during the quarter and plans to double production capacity to 1,000 tonnes per day by next year.
Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) announced its Q1 2022 production results from the San Albino gold mine in Nicaragua. In this quarter, 49,780 tonnes were mined, yielding 11,577 ounces of gold at a grade of 7.23 g/t Au. The mill processed 46,869 tonnes, recovering 10,843 ounces of gold with an 85.6% recovery rate. The company sold 9,580 ounces at an average price of US$1,870 per ounce. CEO Akiba Leisman highlighted improvements in throughput, operating cash flow, and the ongoing optimization of the mill, indicating strong potential for future production.
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) reported strong Q4 2021 results, with $16.6 million in revenue and $9.4 million in Mine Operating Cash Flow. The company achieved a net income of $3.2 million while maintaining cash costs of $589 per ounce sold. Exploration expenses totaled $1.7 million, contributing to a robust financial position. Significant principal repayments of $7.1 million since Q4 2021 reflect the company’s commitment to financial health and plans to double processing capacity to 1,000 tonnes per day by next year.
Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) announced promising results from its exploration of the La Segoviana Concession, revealing high-grade gold mineralization at four prospects: El Silencio, La Reforma, San Luis-Caballo, and Minas America. Sampling yielded impressive grades, with La Reforma reaching up to 105.70 g/t Au over 1.5m. The company has secured surface rights for La Reforma, aimed at expediting development. A planned 7,000m drilling program will commence in the latter half of 2022 to further explore the region's potential.
Mako Mining Corp. (OTCQX: MAKOF) announced promising drill results from the Las Conchitas-South area of its San Albino-Murra property in Nicaragua. Notable highlights include:
- 138.29 g/t Au and 99.0 g/t Ag over 1.45 m in drill hole LC21-432.
- 74.31 g/t Au and 38.1 g/t Ag over 0.80 m in LC21-415, demonstrating a 30m strike extension.
- 31.00 g/t Au and 14.9 g/t Ag over 1.00 m in LC21-419, confirming mineralization extension.
CEO Akiba Leisman emphasized these results suggest significant potential for the Las Conchitas maiden resource estimate by year-end.
Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) announced positive results from expansion drilling at its San Albino Mine in Nicaragua, confirming high-grade mineralization. The company approved a US$17.2 million exploration program funded through mine cash flow, planning 110,080m of drilling. Enhanced resource potential was highlighted with significant gold and silver intersections, including 43.73 g/t Au over 2.00m. The appointment of Paolo Durand as Vice President of Corporate Development was also announced, supporting the company's growth strategy.
Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) has updated its capital structure as of February 8, 2022. Since Q3 2021, the company cancelled 37.3 million warrants and 12.34 million options unexercised. In February 2022, 1,503,800 RSUs were granted to executives and 1,318,400 DSUs to non-executive directors. The company repaid US$5.3 million of principal to Wexford Capital and Sailfish Royalty Corp. The share capital structure remains at 659,308,984 shares outstanding, with US$9.4 million principal remaining on the Wexford loan and 3,895 ounces of gold on the Sailfish loan.
Mako Mining Corp. has announced positive drill results from its expansion drilling at the San Albino resource, indicating potential increases in mineral resources. Significant intercepts include 22.20 g/t Au and 23.1 g/t Ag in the West Pit, and 31.70 g/t Au and 39.2 g/t Ag in the SW Pit. The company is expanding its drilling operations with plans to increase its rig count to eight. A technical report is filed under NI 43-101 outlining these findings. Management anticipates a significant upgrade in mineral resources based on current drilling results.
Mako Mining Corp. has released its fourth quarter 2021 production results from the San Albino gold mine in Nicaragua, marking a strong performance since declaring commercial production on July 1, 2021. In Q4 2021, the mine produced 12,251 ounces of gold with a blended grade of 8.63 g/t. The total mined was 44,160 tonnes, with 10,291 oz Au recovered and sold at an average price of US$1,797 per ounce. The mill averaged over 500 tonnes per day, achieving improved operational efficiency. Further improvements in mill availability are expected in early 2022.
Mako Mining Corp. has announced positive results from the first 12 benches of the San Albino vein at its gold project in Nicaragua. Mining yielded 32,208 ounces of gold and 55,687 ounces of silver from 103,783 tonnes of diluted material, averaging 9.72 g/t Au and 16.69 g/t Ag. These results show a 10% positive grade reconciliation compared to the mineral resource estimate, a significant validation of the geological model. The company aims to capitalize on this data for further exploration.
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