TorontoVE:MKO

Mako Mining Intersects 33.91g/t Gold over 1.7m Estimated True Width (ETW) at Las Conchitas Central, 12.73 g/t Au over 4.2m ETW at Las Conchitas South and Multiple High Grade Silver Intercepts up to 3,792.0 g/t Silver over 1.0m across Las Conchitas

Retrieved on: 
Tuesday, January 24, 2023
HQ, Geology, ETW, QC, Gold, Potassium, Intermediate, Fire, MKO, Bureau Veritas, Nature, Interval, Silver, NI, Economics, Nickel, AAS, LAS, Mining, Telescopic sight, Road, Printed circuit board, Crucita Calabaza

The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production.

Key Points: 
  • The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production.
  • Las Conchitas comprises an area of approximately 3.75 km2 and is subdivided into three primary areas: Las Conchitas North ("LC-N"), Las Conchitas Central ("LC-C") and Las Conchitas South ("LC-S").
  • Highlights of the recent drilling at Las Conchitas:
    12.73 g/t Au and 24.7 g/t Ag over 6.00m (4.2m ETW); including:
    * Interval represents down hole length.
  • At LC-C, drill hole LC22-825 intersected a 2.00m (1.9m ETW) interval of 33.91 g/t Au and 30.0 g/t Ag.

Mako Mining Appoints New Director

Retrieved on: 
Monday, January 23, 2023
Corporate credit union, University, National bank, Mining, Sustainability Accounting Standards Board, Corporation, MKO, CFA, Corporate development, PI, Business, Management, Cryptocurrency, Security (finance), Economics

KELOWNA, BC, Jan. 23, 2023 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") announces that its Board of Directors (the "Board") has appointed Mr. Brian Szeto as an independent director of the Company, effective today.

Key Points: 
  • KELOWNA, BC, Jan. 23, 2023 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") announces that its Board of Directors (the "Board") has appointed Mr. Brian Szeto as an independent director of the Company, effective today.
  • Mr. Szeto has over 20 year's experience in mining-focused finance and capital markets, holding executive and board positions, as well as being recognized as a top ranked mining analyst, following his start in the financial advisory services industry with Deloitte & Touché.
  • Mr. Szeto is currently Vice President, Corporate Credit, Mining at DBRS Morningstar, a global financial services firm, and a director of Ranchero Gold Corp.  From 2018 to 2021, he was Vice President, Corporate Development with a publicly listed gold producer and from 2007 to 2018 he was a top ranked mining analyst with National Bank Financial Markets, PI Financial Corp., and other independent brokerages.
  • Akiba Leisman, CEO of Mako states "I have known Brian for over a decade, first meeting him when he was the only equity analyst covering the predecessor of Mako.

Mako Mining Provides Q4 2022 Production Results with Record Gold Sales of 9,956 oz and Total Silver Recovered of 16,268 oz

Retrieved on: 
Wednesday, January 18, 2023
MT, CIL, Mining, AISC, See, Financial result, NI, Carbon, Silver, MKO, Gold, Renewable energy, Uranium, Iron ore, Security (finance)

Financial results for Q4 2022, including detailed reporting of our operating costs, are expected to be released in April.

Key Points: 
  • Financial results for Q4 2022, including detailed reporting of our operating costs, are expected to be released in April.
  • 57% and 43% from diluted vein and historical dump and other, respectively
    Recoveries of 82.8% and 69.9% for gold and silver, respectively, in Q4 2022
    Akiba Leisman, Chief Executive Officer of Mako states that, "Q4 2022 was a strong quarter with record gold sales and record silver recovered.
  • Operating cash flow was robust at an average realized price of $1726 per ounce, where we will report AISC substantially below that of Q3 2022.
  • The recovery for the quarter was 82.8% for gold and 69.9% for silver for the quarter.

Mako Mining Intersects 98.50 g/t Au and 66.3 g/t Ag over 1.9m (Estimated True Width) 39m from Surface at the San Albino SW Pit

Retrieved on: 
Thursday, January 5, 2023
Diamond, QC, Sample, NI, ETW, Gold, Mining, AAS, Bureau Veritas, NW, MKO, HQ, Fire, Road, Printed circuit board, Basilica of San Albino

Recent drilling has focused on near surface, high grade gold mineralization in the SW Pit area within and proximal to the currently permitted pit limits.

Key Points: 
  • Recent drilling has focused on near surface, high grade gold mineralization in the SW Pit area within and proximal to the currently permitted pit limits.
  • In 2022, a total of 16,472m in 126 drill holes have been completed in the SW Pit area.
  • Highlights of selected intercepts of the high-grade gold mineralization include:
    Akiba Leisman, CEO of Mako states: "the SW Pit is shaping up to be a shallow, high-grade zone within 50-100 m of the mining operations at San Albino.
  • Eight diamond drill holes were completed, three drill holes intersected mineralized intervals above an internal cutoff grade (1.0 g/t Au).

Mako Mining Provides Q3 2022 Financial Results and Corporate Update

Retrieved on: 
Wednesday, November 30, 2022
Growth, EO, Judgement, Adjustment, EBITDA, Estimation, DGM, OFAC, Multimedia, La Conchita, California, E&E, G&A, Office of Foreign Assets Control, TSX Venture Exchange, Working capital, NI, Resource management, United States Department of the Treasury, Treasury, Government, Net, Department of the Treasury, National instrument, Gold, Mako, MD, General Directorate for National Roads and Highways, SEDAR, Rehabilitation, Tax, Mining, Technical report, Executive order, OCF, Exploration, Depreciation, Bank, Bookkeeping, Audit, Insurance, Risk management, Cryptocurrency, Security (finance), Life insurance, AISC, Q3, Basilica of San Albino

Akiba Leisman, Chief Executive Officer, states that "Q3 2022 was the fifth full quarter of financial results since declaring commercial production at San Albino.

Key Points: 
  • Akiba Leisman, Chief Executive Officer, states that "Q3 2022 was the fifth full quarter of financial results since declaring commercial production at San Albino.
  • Additionally, the Company expects a significant reduction in AISC, higher net income and record gold sales in Q4 2022."
  • A portion of that published mineral resource formed the basis of our non-cash depletion and depreciation calculation through Q3 2022.
  • Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Mako Mining On Track For Record Q4 Gold Sales, Announces Plant Capacity Expansion to 600tpd With No Additional Capex and Provides Corporate Update

Retrieved on: 
Wednesday, November 16, 2022
AISC, Board, Basilica of San Albino, Estimation, News, SEDAR, Income, TSX Venture Exchange, Judgement, Management, Resource management, Technical report, Depreciation, Gold, Analysis, Mission statement, View, Company, NI, MKO, Multimedia, Mining, National instrument, Conversation, Risk, Financial result, La Conchita, California, Rosario Mining Company, Renewable energy, Cryptocurrency, Risk management, Security (finance), BC

The Company is pleased to announce that the plant is now operating significantly above nameplate capacity, with recoveries at expected levels.

Key Points: 
  • The Company is pleased to announce that the plant is now operating significantly above nameplate capacity, with recoveries at expected levels.
  • The Company sold a total of 5,455 ounces of gold in the first half of Q4 2022 (from October 1st through November 15th), putting the Company on track for record gold sales in Q4 2022.
  • By the end of the quarter, Mako expects to be operating at 600 tpd with no additional capex and minimal recovery losses.
  • Akiba Leisman, Chief Executive Officer of Mako states that, "Q4 is starting out very strong, and we now expect record gold sales at San Albino.

MAKO MINING PROVIDES UPDATE ON ITS SAN ALBINO OPERATION IN NICARAGUA

Retrieved on: 
Monday, October 31, 2022
Board, Executive order, Basilica of San Albino, View, Multimedia, Government, Office of Foreign Assets Control, Unconventional warfare (United States Department of Defense doctrine), Failure, CEO, EO, Company, Growth, Treasury, TSX Venture Exchange, OFAC, Judgement, Gold, MKO, General Directorate of Mapping, Eos, Mining, Cryptocurrency, Financial adviser, BC

Akiba Leisman, CEO of Mako states that "we are committed to Nicaragua and the growth of our San Albino mining operations.

Key Points: 
  • Akiba Leisman, CEO of Mako states that "we are committed to Nicaragua and the growth of our San Albino mining operations.
  • On behalf of the Board,
    Mako Mining Corp. is a publicly listed gold mining, development and exploration company.
  • The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally.
  • Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.

Mako Mining Intersects 42.59 g/t Au over 2.1 m (Estimated True Width) at Las Conchitas North, 25.07 g/t Au over 2.2 m (ETW) at Las Conchitas Central and 65.45 g/t Au over 1.8 m (ETW) at Las Conchitas South

Retrieved on: 
Monday, October 24, 2022
MKO, Basilica of San Albino, MF, Risk, LAS, Cruz Grande, Cruz, AG, Depression, Program, Judgement, Multimedia, Gold, Fire, Company, US, AAS, Board, CEO, QC, Vein, NI, Failure, ETW, Bureau Veritas, Mining, Road, Printed circuit board, Crucita Calabaza, BC, Intermediate

The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production.

Key Points: 
  • The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production.
  • Las Conchitas comprises an area of approximately 3.75 km2 and is subdivided into three primary areas: Las Conchitas North ("LC-N"), Las Conchitas Central ("LC-C") and Las Conchitas South ("LC-S").
  • Drill hole LC22-558 intersected an interval 20.30 g/t Au and 55.8 g/t Ag over 2.00 m (1.9 m ETW), only 5 m from surface.
  • Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.

Mako Mining Provides Q3 2022 Production Results

Retrieved on: 
Friday, October 21, 2022
MKO, Mining, Basilica of San Albino, Risk, Carbon, Judgement, Multimedia, CIL, Company, Financial result, TSX Venture Exchange, Board, View, Gold, NI, Sailfish, SEDAR, Asphalt, Earthworks (engineering), Security (finance), BC, Q4, Q3

VANCOUVER, BC, Oct. 21, 2022 /PRNewswire/ -Mako Mining Corp.(TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company")is pleased to provide third quarter 2022 ("Q3 2022") production results from its San Albino gold mine ("San Albino") in northern Nicaragua, which is the fifth full quarter of production results since declaring commercial production on July 1, 2021.

Key Points: 
  • VANCOUVER, BC, Oct. 21, 2022 /PRNewswire/ -Mako Mining Corp.(TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company")is pleased to provide third quarter 2022 ("Q3 2022") production results from its San Albino gold mine ("San Albino") in northern Nicaragua, which is the fifth full quarter of production results since declaring commercial production on July 1, 2021.
  • Financial results for Q3 2022, including detailed reporting of our operating costs, are expected to be released in November.
  • 56% and 44% from diluted vein and historical dump and other, respectively
    77.0% gold recoveries for all of Q3 2022 and 86.4% gold recoveries after improvements made since August 10, 2022
    Akiba Leisman, Chief Executive Officer of Mako states that, "Q3 2022 was a tale of two halves.
  • On behalf of the Board,
    Mako Mining Corp. is a publicly listed gold mining, development and exploration company.

Mako Mining Intersects 36.65 g/t Au and 29.5 g/t Ag over 3.1m (Estimated True Width) at the SW Pit

Retrieved on: 
Thursday, October 13, 2022
MKO, Risk, Technical report, HQ, Program, Judgement, Multimedia, Gold, Fire, Company, Mining, TSX Venture Exchange, Board, AAS, CEO, SW, QC, NI, ETW, Bureau Veritas, View, SEDAR, Road, Uranium, Printed circuit board, Basilica of San Albino, BC

In 2022, a total of 13,284 m in 99 drill holes have been completed at the SW Pit.

Key Points: 
  • In 2022, a total of 13,284 m in 99 drill holes have been completed at the SW Pit.
  • Comprehensive drilling and detailed mapping of the area have identified multi-stage deformation events, with the latest represented by northeast to southwest faulting.
  • All intercepts are close to current infrastructure, and in some cases closer to the plant than where we are mining now.
  • Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.