Mako Mining Corp. is pleased to report positive drill results from the Las Conchitas-South area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua. The LC-S area is located approximately 2.5 kilometers south of the San Albino gold mine which is currently in commercial production. Highlights of the drilling 138.29 g/t Au and 99.0 g/t Ag over 1.45m ) intersected in LC21-432 74.31 g/t Au and [...]
Mako Mining Corp. is pleased to report additional results from its recent expansion drilling program at its San Albino Mine in Northern Nicaragua . The Company has also approved a US$17.2 million exploration program which is expected to be funded through operating cashflow from the mine, and has announced the appointment of a new Vice President of Corporate Development. San Albino Exploration Results Results from the [...]
TSX-V: MKO; OTCQX: MAKOF Mako Mining Corp. would like to announce an update to its capital structure since the end of the third quarter 2021 . Since the end of Q3 2021, 37,300,000 warrants and 12,340,000 options were cancelled or expired unexercised. In February 2022, 1,503,800 Restricted Share Units were granted to certain executive officers of the Company and an aggregate of 1,318,400 Deferred Share Units were granted [...]
Mako Mining Corp. is pleased to report positive drill results from expansion drilling to the Northeast and Southwest of the current San Albino resource. A technical report for the updated mineral resource estimate was filed in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects under the Company's SEDAR profile and available on the Company's website at www.makominingcorp.com . The [...]
Mako Mining Corp. is pleased to provide fourth quarter 2021 production results from its San Albino gold mine in northern Nicaragua, which is the second full quarter of production results since declaring commercial production on July 1, 2021. Financial results for Q4 2021, including detailed reporting of our operating costs, are expected along with our 2021 Annual Financial results in April. Q4 2021 Production Highlights [...]
Mako Mining Corp. is pleased to report grade and tonnage results from mining the first 12 benches of the San Albino vein at its San Albino gold project in northern Nicaragua. The mined benches consisted of twelve, six-meter benches between 616 and 550 meters above sea level and contained a total of 32,208 ounces Au and 55,687 ounces Ag within 103,783 tonnes of diluted vein material grading 9.72 g/t Au and 16.69 g/t Ag [...]
The Company is pleased to report that the Ministry of Environmental and Natural Resources has granted an exploration permit to the Company for the La Segoviana concession, which was granted to Mako in 2020. 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 1,100,000 meters as follows: 500,000 m of diamond drilling; 300,000 m of reverse [...]
Mako Mining Corp. is pleased to provide financial results for the three months ended September 30, 2021, which is the first full quarter of financial results since declaring commercial production on July 1, 2021 at its San Albino gold mine in northern Nicaragua. For detailed Q3 2021 operating statistics, please see the press release dated October 12, 2021. All dollar amounts referred to herein are expressed in United [...]
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 [...]