TorontoVE:MKO

Mako Mining Provides Q1 2022 Financial Results

Retrieved on: 
Tuesday, May 31, 2022
Income, Company, EBITDA, G&A, Depreciation, Rehabilitation, NI, Multimedia, TSX Venture Exchange, Gold, SEDAR, View, Tax, Judgement, Mining, Consolidated, Vein, Industry, E&E, Board, Program, Terminology, IFRS, AISC, Exploration, Growth, Working capital, MD, Analysis, OCF, National instrument, Bank, Bookkeeping, Public relations, Insurance, Security (finance), Life insurance, Basilica of San Albino

Refers to a Non-GAAP financial measure within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure ("NI 52-112").

Key Points: 
  • Refers to a Non-GAAP financial measure within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure ("NI 52-112").
  • Akiba Leisman, Chief Executive Officer, states that, "Q1 2022 was the third full quarter of financial results since declaring commercial production at San Albino at our initial 500 tonnes per day mine and processing plant, where 9,580 ounces were sold at $797/oz Cash Costs and $1,104/oz AISC.
  • On behalf of the Board,
    Mako Mining Corp. is a publicly listed gold mining, development and exploration company.
  • Such information contained herein represents management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with information regarding the Company's Q1 2022 financial results and may not be appropriate for other purposes.

Mako Mining Provides Q1 2022 Production Results

Retrieved on: 
Wednesday, April 27, 2022
Board, Carbon, Judgement, Wood, Running, TSX Venture Exchange, MKO, Gold, NI, Financial result, Company, Mining, Multimedia, Risk, SEDAR, View, Lithium, Asphalt, Uranium, Security (finance), Basilica of San Albino, BC

VANCOUVER, BC, April 27, 2022 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company")is pleased to provide first quarter 2022 ("Q1 2022") production results from its San Albino gold mine ("San Albino") in northern Nicaragua, which is the third full quarter of production results since declaring commercial production on July 1, 2021.

Key Points: 
  • VANCOUVER, BC, April 27, 2022 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company")is pleased to provide first quarter 2022 ("Q1 2022") production results from its San Albino gold mine ("San Albino") in northern Nicaragua, which is the third full quarter of production results since declaring commercial production on July 1, 2021.
  • Financial results for Q1 2022, including detailed reporting of our operating costs, are expected along with our Q1 2022 Financial results in May.
  • During Q1, 2022, the plant has been averaging 596 tpd at 87% availability (see Table 1).
  • On behalf of the Board,
    Mako Mining Corp. is a publicly listed gold mining, development and exploration company.

Mako Mining Provides Q4 and 2021 Year End Financial Results - Q4 Gold Sales of 9,588 Oz at $831/oz AISC(1)

Retrieved on: 
Tuesday, April 19, 2022
Board, Judgement, OCF, Rehabilitation, Working capital, Analysis, EBITDA, TSX Venture Exchange, Depreciation, Terminology, Gold, Growth, Company, Mining, Tax, National instrument, IFRS, G&A, Income, E&E, Consolidated, Multimedia, Industry, AISC, SEDAR, View, Exploration, Bank, Bookkeeping, Insurance, Security (finance), Life insurance, Basilica of San Albino

As a result, over $7 million of principal has been repaid since the beginning of Q4 2021, including $4 million repaid on outstanding loans subsequent to year end.

Key Points: 
  • As a result, over $7 million of principal has been repaid since the beginning of Q4 2021, including $4 million repaid on outstanding loans subsequent to year end.
  • Refers to a Non-GAAP financial measure within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure ("NI 52-112").
  • Refers to a Non-GAAP financial measure within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure ("NI 52-112").
  • Refers to a Non-GAAP financial measure within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure ("NI 52-112").

Mako Mining Reports Channel Samples at the La Segoviana Concession Which Yield up to 105.7 g/t Gold 17km North of the San Albino Mine; Key Surface Rights Acquired at La Reforma

Retrieved on: 
Thursday, March 24, 2022
TSX Venture Exchange, Company, Gold, Risk, Reforma, Multimedia, Board, SEDAR, Mining, Judgement, Vein, ETW, AAS, CEO, MKO, View, Prospectus, Caballo, Bureau Veritas, NI, Concession, Fire, Acquisition, Asphalt, Sales, SAN, Basilica of San Albino, Tunnel, BC

Akiba Leisman, CEO of Mako states "These high-grade channel samples are indicating the significant prospectivity of the La Segoviana concession over multiple kilometers of strike.

Key Points: 
  • Akiba Leisman, CEO of Mako states "These high-grade channel samples are indicating the significant prospectivity of the La Segoviana concession over multiple kilometers of strike.
  • We are confident that this will be a new potentialmining area for the Company and thus we have purchased key surface rights to expedite the development of the La Segoviana concession."
  • La Reforma is situated approximately 17km north of the San Albino mine and comprises numerous historical workings, adits, shafts, small pits, dumps and a remanent of a historical mill.
  • The El Silencio prospect is situated approximately 21km north of the San Albino mine, near the northern boundary of the La Segoviana concession.

Mako Mining Announces US$17.2 Million Exploration Program Funded Through Cash Flow; Intersects 43.73 g/t Gold Over 1.2m (Estimated True Width) Over 100m Outside Current Resource; and Provides Corporate Update

Retrieved on: 
Wednesday, March 9, 2022
RC, Industry, University, Tin, Hydrology, Company, Gold, Business development, San Pablo, Corporate development, Soil, Mark (given name), Board, News, Mary, mother of Jesus, HEC, MBA, Cost, Saint Mary's University, Metallurgy, Golden Crown, TSX Venture Exchange, Intermediate, Cruz Grande, Program, El Indio Gold Belt, SW, Corporation, Mining, Uranium, Nightclub, Sintering, Basilica of San Albino, SAN, Economics

Over 900 historical adits, prospect pits and mine dumps have been identified to date and are ready to be advanced to the next phase of exploration.

Key Points: 
  • Over 900 historical adits, prospect pits and mine dumps have been identified to date and are ready to be advanced to the next phase of exploration.
  • The LC-South area has seen the most exploration outside of the San Albino area and is currently the most advanced exploration target.
  • The reconnaissance exploration program completed by Mako to date covers the entire concession, which comprises numerous historical workings that exploited shallow dipping, high-grade gold veins.
  • Mr. Durand has more than 12 years of combined Banking, Financial Control & Budgeting, and Business Development expertise in the mining sector.