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 [...]
Mako Mining is pleased to provide an update on Mako's proposed acquisition of the Moss Mine, through the acquisition of 100% of the issued and outstanding common shares of EG Acquisition from investment funds controlled by Mako's controlling shareholder, Wexford Capita. Mako is pleased to announce that it has received the conditional approval of the TSXV for the Acquisition. Completion of the Acquisition remains subject [...]
Mako Mining is pleased to provide an update on the Company's ongoing engineering activities and mine design work, including a geotechnical drilling program at the 100%-owned Eagle Mountain Gold Project. Program Highlights Geotechnical drilling for the Phase 1 program was completed in late 2024. Phase 1 included eleven incline and vertical drill holes testing the saprolite and fresh rock characteristics in the Eagle [...]
Mako Mining is pleased to provide fourth quarter 2024 production results for the Company's San Albino gold mine in northern Nicaragua and an update on the Eagle Mountain Gold Project. Certain amounts shown in this news release may not total to exact amounts due to rounding differences. Q4 2024 Operational Highlights for San Albino 46,733 tonnes mined containing 14,616 ounces of gold at an average grade of 9.73 grams per [...]
Mako Mining Corp. is pleased to announce the entering into of a non-binding letter of intent to acquire 100% of the issued and outstanding common shares of EG Acquisition LLC , a recently created private corporation controlled by Mako's controlling shareholder, Wexford Capital LP , established solely to acquire the Moss gold mine located in the historic Oatman District in Arizona . It is anticipated that EGA will complete [...]
Mako Mining Corp. is pleased to provide financial results for the three months ended September 30th, 2024 . Q3 2024 Financial results reflect the first consolidated results since the acquisition of Goldsource Mines and its Eagle Mountain Project on July 3rd, 2024. All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated. Q3 2024 Highlights Financial $15.7 million in Revenue $4.3 [...]
Mako Mining Corp. announces that the TSX Venture Exchange has accepted its normal course issuer bid to purchase up to an aggregate of 3,956,485 common shares of the Company, representing 5% of the 79,129,713 Common Shares issued and outstanding on the date hereof. Purchases under the NCIB may commence on November 19, 2024, and will end no later than November 18, 2025. The Common Shares will be purchased for cancellation [...]
Mako Mining Corp. is pleased to provide third quarter 2024 production results for the Company's San Albino gold mine in northern Nicaragua as well as an update on its Eagle Mountain gold project in Guyana, South America. Certain amounts shown in this news release may not total to exact amounts due to rounding differences. Q3 2024 Operational Highlights 29,749 tonnes mined containing 5,414 ounces of gold at an average [...]
Mako Mining Corp. is pleased to provide additional exploration results from the 2024 reverse circulation drill program at Mako's newest mining area, Las Conchitas, located immediately south of the Company's San Albino gold mine in northern Nicaragua. The main objective of the RC drill program is to test for new extensions of high-grade gold veins outside of the limits defined by the Company's 2023 mineral resource [...]
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