Back to All Events

MAKO MINING - HARTFORD, CT

Mako Mining (TSXV: MKO; OTCQX: MAKOF) operates the San Albino gold mine in Nicaragua, one of the highest-grade open pit gold mines in the world.

  • Record Q4 2023: as reported in January 2024, Q4 2023 was a record financial and operational quarter for Mako.

    • Cash generating operation: In Q4, Mako repaid outstanding debt principal, reduced payables, invested in exploration and repurchased shares from mine cash flow. Full Q4 financials are expected in April.

    • Current run rate ~600t/d (582 t/d in Q4) and permitted for up to 1,000t/d.

  • Las Conchitas Addition: Following an October 2023 initial resource for the permitted Las Conchitas deposit, by January 2024, Mako was mining high-grade zones at Las Conchitas South to supplement production from San Albino.

    • Current mill feed at the San Albino mine is a split between diluted vein material and mineralized material at site above cut-off. Las Conchitas is a source of high-grade mill feed to supplement San Albino deposit output.

    • Based on the latest update, San Albino deposit measured and indicated gold resources total 112.9 koz, at 11.75 g/t; plus 81.5koz inferred, at 10.53 g/t. Las Conchitas adds 137.3koz indicated at 11.5 g/t and 48.4koz inferred at 10.56 g/t.

  • District-Scale Upside: The San Albino mine sits within a 188-sq.-km land package with +28-km of orogenic-style mineralization defined along strike. Mako is advancing a pipeline of exploration targets.

    • +32,000m of drilling planned for 2024

    • 14 target areas identified across the Corona de Oro Gold Belt.

 Check out their latest news here.

Previous
Previous
February 20

MAKO MINING - MIAMI, FL

Next
Next
February 28

PlasCred Circular Innovations (CSE: PLAS | FSE: XV2) Investor Update