Mako


Associated tags: Mining, Gold, Judgement, Basilica of San Albino, TSX Venture Exchange, Cryptocurrency, NI, MKO, AISC, Failure, Security (finance), Risk management, National instrument, Depreciation, Executive order, Technical report, SEDAR, EO, Government, Treasury

Locations: NICARAGUA

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.