Mako Mining and Goldsource Mines are pleased to announce that Mako has completed its previously announced acquisition of Goldsource by way of a plan of arrangement, pursuant to which Mako acquired all of the issued and outstanding common shares of Goldsource in exchange for common shares of Mako. As a result of the Transaction, Mako now owns the Eagle Mountain Gold Project. The Goldsource Shares are expected to be [...]
Mako Mining Corp. ; is pleased to announce that securityholders of Goldsource Mine Inc. have approved the plan of arrangement transaction with Mako at the special meeting of securityholders of Goldsource held on June 21st, 2024, with over 97% approval on all votes held. It is expected that Goldsource will receive the final order of the Supreme Court of British Columbia at a hearing scheduled for June 26th, 2024, and [...]
Mako Mining Corp. announces that, in connection with comments received from the British Columbia Securities Commission with respect to a technical compliance review, it has filed an amended technical report dated as of June 10, 2024, with an effective date of October 11, 2023 titled "Amended Technical Report and Estimate of Mineral Resources for the San Albino Project Comprised of the San Albino and Las Conchitas [...]
Mako Mining Corp. announces that it has come to the Company's attention that the registration with the Engineers and Geoscientists of British Columbia of one of Mako's independent qualified persons, Mr. John Kowalchuk, senior geologist and a consultant to Mako, expired on January 1st, 2024, and as a result he did not meet the definition of a "qualified person" under National Instrument 43-101 at the time he reviewed and [...]
Mako Mining Corp. is pleased to provide financial results for the three months ended March 31st, 2024 . All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated. The Company's financial results for Q1 2024 reflect gold sales of US$19.2 million, which generated US$10.4 million in Mine Operating Cash Flow , and US$5.3 million in Net Income. The Company reported US$0.08 in earnings [...]
Mako Mining Corp. is pleased to provide first quarter 2024 production results from its San Albino gold mine in northern Nicaragua, which is the eleventh full quarter of production results since declaring commercial production on July 1, 2021. Q1 2024 Production and Financial Highlights Record 67,961 tonnes mined containing 13,965 ounces of gold at a blended grade of 6.39 grams per tonne gold and 15,718 ounces of silver at [...]
Mako Mining Corp. is pleased to provide financial results for the three months ended December 31st, 2023 and the 3rd full year of financial results since declaring commercial production on July 1st, 2021 at its San Albino gold mine in northern Nicaragua. All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated. The Company's financial results for Q4 2023 reflect record gold [...]
Mako Mining Corp. is pleased to announce that, further to its news release dated February 15, 2024 and following receipt of the required approval of the TSX Venture Exchange, it has now closed its debt settlement transaction in the amount of US$960,000 with GR Silver Mines Ltd. by way of cash payment in the amount of US$500,000 and the issuance of 296,710 shares of Mako Mining Corp. at a deemed price of C$2.1007 . The [...]
Mako Mining and Goldsource Mines are pleased to announce that they have entered into an arrangement agreement, pursuant to which Mako will acquire all of the issued and outstanding common shares of Goldsource, in exchange for common shares of Mako, by way of a plan of arrangement. The Transaction will create a company that will combine Mako's highly profitable Nicaraguan gold operations and mine-building team with [...]
Mako Mining is pleased to provide an update of results from the ongoing reverse circulation drill program at Mako's newest mining area, Las Conchitas, located immediately south of the company's San Albino gold mine, which is currently in commercial production. Since the most recent mineral resource estimate at the San Albino Project was defined, Mako has completed 9,951 m in 176 reverse circulation drill holes of the [...]
Mako Mining Corp. is pleased to announce that it has entered into an agreement with GR Silver Mines Ltd. and its subsidiary companies to settle all outstanding reclamation and rehabilitation obligations of Mako, among other obligations and liabilities, under the terms of the share purchase agreement dated as of January 29th, 2021 and Indemnity Agreement dated March 31st, 2021 related to the sale of Mako's Mexican [...]
Mako Mining Corp. is pleased to announce further results from a reverse circulation drill program at Mako's newest mining area, Las Conchitas, located immediately south of the company's San Albino gold mine, which is in commercial production. In 2023, Mako completed 11,737.6 m in 262 RC drill holes in the ongoing resource expansion drill program . The results reported in this release are from two of three main zones at [...]
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