Mako Mining is pleased to provide financial results for the three and six months ended June 30, 2025. The Company's financial results for Q2 2025 reflect record gold sales from its San Albino and Moss Mine of $38.7 million, which generated $16.9 million in Mine Operating Cash Flow, $21.3 million in Adjusted EBITDA, and $8.8 million in Net Income. The Company sold 11,476 oz of gold at an average price of $3,323/oz with a [...]
Mako Mining Corp. is pleased to report additional results from the 2025 reverse circulation and diamond drill program at the El Golfo area within the El Jicaro Concession located immediately south of the company's 100% owned Las Conchitas and San Albino Gold deposits in Nicaragua, which are currently being mined by the Company . Forthe first time in modern history, drilling has commenced in the El Golfo area. The drill [...]
Mako Mining Corp. is pleased to provide second quarter 2025 production results for the Company's San Albino gold mine in northern Nicaragua, the Moss Mine in Arizona and an update on the Eagle Mountain gold project in Guyana. Certain amounts shown in this news release may not total to exact amounts due to rounding differences. All amounts expressed in U.S. dollars unless otherwise noted. Q2 2025 San Albino Operational [...]
Mako Mining Corp. is pleased to announce that it has acquired for US$1.8 million in cash approximately US$49.5 million in indebtedness owing by Elevation Gold Mining Corp. and affiliated companies to Maverix Metals Inc. , a subsidiary of Triple Flag Precious Metals Corp., the secured creditor of Elevation under its Companies' Creditors Arrangement Act proceedings before the Supreme Court of British Columbia. Mako [...]
Mako Mining Corp. is pleased to announce that it has fully recovered the US$6.4 million acquisition cost for the 100%-owned Moss Mine in Arizona through cash flow derived from residual leaching of previously stacked mineralization, and the return of US$1.53 million on June 20th, 2025 from Trisura Guarantee Insurance Company of the US$3.1 million held as collateral for various environmental bonds. Thus far in Q2 2025 [...]
Mako Mining is pleased to provide financial results for the three months ended March 31st, 2025. The Company's financial results for Q1 2025 reflect record gold sales from its San Albino and Moss Mine of $31.8 million, which generated $19.9 million in Mine Operating Cash Flow , $16.1 million in Adjusted EBITDA, and $9.4 million in Net Income. The Company sold 10,817 oz of gold at an average price of $2,915/oz with a [...]
Mako Mining is pleased to report initial results from the 2025 reverse circulation drill program at the El Golfo area within the El Jicaro Concession located immediately south of the company's 100% owned Las Conchitas and San Albino Gold Mines. The 2025 exploration program at El Golfo comprises an initial 3,000 m of RC drilling and is part of the Company's regional drill program on its district-scale, underexplored land [...]
Mako Mining Corp. is pleased to provide additional exploration results from the ongoing reverse circulation drill program at Mako's newest mining area, Las Conchitas in northern Nicaragua. Las Conchitas is located between the Company's San Albino Gold Mine and the nearby historical El Golfo Mine on the Company's El Jicaro Concession, where the Company has recently initiated an exploration drilling campaign . The RC and [...]
Mako Mining Corp. is pleased to announce the appointment of Steve Parsons as President of Mako, having served as Officer of the Company's subsidiary, Goldsource Mines Inc. since the completion of the Company's acquisition of Goldsource in July 2024. The Company also announces that it has granted an aggregate of 740,000 stock options of the Company under the terms of the Company's Omnibus Incentive Plan to the Company's [...]
Mako Mining Corp. is pleased to provide first quarter 2025 production results for the Company's San Albino gold mine in northern Nicaragua and an update on the Eagle Mountain gold project in Guyana. Certain amounts shown in this news release may not total to exact amounts due to rounding differences. All amounts expressed in U.S. dollars unless otherwise noted. Q1 2025 San Albino Operational Highlights 48,813 tonnes [...]
Mako Mining is pleased to provide financial results for the three months ended December 31st, 2024 and the 4th full year of financial results since declaring commercial production on July 1st, 2021 at its San Albino gold mine. The Company's financial results for Q4 2024 reflect record gold sales of $28.9 million, which generated $14.7 million in Mine Operating Cash Flow, and $4.7 million in Net Income after accruing a [...]
Mako Mining is pleased to announce that, further to its press releases dated December 31st, 2024 and Feb 24th, 2025, it has completed the acquisition of the Moss gold mine located in the historic Oatman District in Arizona. The acquisition was completed pursuant to the terms of an interest purchase agreement dated March 26th, 2025, between Mako US Corp. as buyer, Wexford EG Acquisition as vendor, EG Acquisition LLC as [...]
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