Mako Mining Corp. is pleased to report that the Ministry of Environmental and Natural Resources has granted an exploration permit to the Company for the Potrerillos concession acquired in December 2019. Starting from November 15, 2021, the permit is valid for 10 years and is renewable for up to an additional 20 years. The Company is now permitted to drill up to 800,000 meters as follows: 250,000 m of diamond drilling [...]
Mako Mining Corp. announces that the TSX Venture Exchange has accepted its normal course issuer bid to purchase up to an aggregate of 32,965,449 common shares of the Company, representing 5% of the 659,308,984 Common Shares issued and outstanding on the date hereof. Purchases under the NCIB may be commence on October 19, 2021, and will end no later than October 18, 2022. The Common Shares will be purchased for [...]
Mako Mining Corp. is pleased to provide third quarter 2021 production results from its San Albino gold mine in northern Nicaragua, which is the first full quarter of production results since declaring commercial production on July 1, 2021. Financial results for Q3 2021, including detailed reporting of our operating costs, are expected in November. Q3 2021 Production Highlights 51,210 tonnes mined containing 10,498 ounces [...]
Mako Mining Corp. is pleased to announce that Wexford Catalyst Trading Limited, Wexford Spectrum Trading Limited and Debello Trading Limited and Wexford Capital LP, as agent on behalf of the Lenders have agreed to an extension of the current maturity date of the unsecured term loan in the amount of US$15,150,000 , of which US$12,865,000 of principal remains outstanding. This extension, from August 20, 2022 to February 21 [...]
Mako Mining Corp. is pleased to provide an operating update from its San Albino gold mine in northern Nicaragua. All components of the 500 tonnes per day gravity and carbon-in-leach processing plant have been fully operational since the beginning of May 2021. Since May 12th, when the processing of high-grade mineralization began, the plant has been averaging 432 tpd at 80% availability . Since this time, the plant has [...]
Mako Mining Corp. is pleased to report positive drill results from infill and expansion drilling at the Arras Zone within its San Albino gold mine in northern Nicaragua. The objective of the drill program at the Arras Zone is to increase the level of confidence in the currently defined resources and to define additional shallow, high-grade resources. The Company is following a systematic approach of drilling shallow holes [...]
Mako Mining Corp. is pleased to report financial results for the three and six months ended June 30, 2021 as well as the signing of a loan agreement with Sailfish Royalty Corp. for an $8 million gold-linked loan to refinance existing short-term debt. All amounts are expressed in United States dollars, unless otherwise stated. The Company declared commercial production on July 1, 2021 and many of the financial highlights [...]
Mako Mining Corp. is pleased to report that the shareholders of the Company today approved, by an overwhelming majority, the Company's new omnibus equity incentive plan, as well as the re-appointment of the auditors of the Company and the election of each of the directors of the Company for the ensuring year, all as put forth at the meeting and disclosed in the Company's Management Information Circular dated June 29 [...]
Mako Mining Corp. is pleased to report positive drill results from the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua, and from its ongoing reconnaissance exploration program on its La Segoviana exploration and exploitation concession. The Las Conchitas area is located approximately 2.5 km south of the San Albino gold mine which is currently in commercial production [...]
Mako Mining Corp. is pleased to provide an operating update from its San Albino gold mine in northern Nicaragua. All components of the 500 tonne per day gravity and carbon-in-leach processing plant have been fully operational since the beginning of May 2021. Since May 12th, when the processing of high-grade mineralization began, the plant has been averaging 435 tonnes per day at 77% availability . Since this time, the [...]
Mako Mining Corp. wishes to clarify the voting procedures for its 2021 Annual General and Special Meeting of Shareholders, which is to be held virtually commencing at 10:00 am on Thursday, August 19, 2021, as further detailed in the proxy materials distributed to shareholders and available on the Company's website, and under the Company's provide on SEDAR. The Notice of Meeting and Management Information Circular posted [...]
Mako Mining Corp. is pleased to announce the appointment of Mr. Ezequiel Sirotinsky as Director of Finance of the Company effective July 26, 2021. Mr. Sirotinsky will report to the Chief Financial Officer of Mako and will be responsible for all the accounting and financial operations of the Company in Nicaragua. Mr. Sirotinsky will be based in Medellín, Colombia, where he lives with his family and Managua, Nicaragua. Mr [...]