Mako Mining Corp. announces that effective at market open today, the Company has completed the consolidation of its common shares on a ten to one basis . As a result of the Consolidation, the Company's issued and outstanding shares is 65,743,403 common shares . All fractional shares less than .5 will be cancelled and all fractional shares equal to or greater than .5 will be rounded up to the nearest whole number. The [...]
Mako Mining Corp. is pleased to announce that it has signed a binding letter of intent with Sailfish Royalty Corp. to provide a 24-month silver stream to Sailfish for cash consideration of US$6,000,000 payable by Sailfish to Mako on the closing of the Initial Silver Stream transaction and an option to Sailfish, exercisable at the discretion of Sailfish on or after 12 months following the closing of the Initial Silver [...]
Mako Mining Corp. announces that, further to the approval by its shareholders at the annual and special meeting of the Company held on July 26, 2022, it intends to complete the consolidation of its common shares on a ten to one basis . The Company currently has 657,433,984 common shares issued and outstanding. Following the Consolidation, the Company will have approximately 65,743,398 common shares issued and outstanding [...]
Mako Mining Corp. announces that, further to the Company's announcement of the appointment of Mr. Brian Szeto to the board of directors on January 23, 2023, Mr. Szeto has resigned as a director of the Company as a result of a recent change to his current employer's compliance policies. Akiba Leisman, CEO of Mako states that: "While it is unfortunate that Mr. Szeto had tor resign from our BoD, Brian remains an advocate of [...]
Mako Mining Corp. has received additional high-grade results from its recent definition and expansion drilling program at the Las Conchitas area on its wholly owned San Albino-Murra property. The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production. The geology at Las Conchitas is very similar to San Albino consisting of gently dipping, stacked, 1-3 meter wide [...]
Mako Mining Corp. announces that its Board of Directors 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 [...]
Mako Mining Corp. is pleased to provide fourth quarter 2022 production results from its San Albino gold mine in northern Nicaragua, which is the sixth full quarter of production results since declaring commercial production on July 1, 2021. Financial results for Q4 2022, including detailed reporting of our operating costs, are expected to be released in April. Q4 2022 Production Highlights 50,893 tonnes mined containing [...]
Mako Mining Corp. is pleased to report additional high-grade drill results from an area located approximately 50 meters southwest of the current open pit mining operations at the San Albino West Pit in northern Nicaragua . 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. Results of drilling in this area are confirming [...]
Mako Mining Corp. is pleased to provide financial results for the three months ended September 30, 2022, which is the fifth 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 2022 operating results, please see the press release dated October 21st, 2022. All dollar amounts referred to herein are expressed in United [...]
Mako Mining Corp. is pleased to provide an interim Q4 2022 production update from its San Albino gold mine in northern Nicaragua, the announcement of a plant expansion to 600 tonnes per day with no additional capex, and a general corporate update. Financial results for Q3 2022, including detailed reporting of our operating costs, are expected to be released on November 21, 2022. All dollar amounts herein are expressed in [...]
Mako Mining Corp. has been analyzing the October 24, 2022 announcement by the United States Department of the Treasury's Office of Foreign Assets Controls relating to new U.S. sanctions imposed on the General Directorate of Mines in Nicaragua pursuant to Executive Order 13851, as well as the issuance of EO 14088. While the Company is currently undertaking an internal review of the impact of the October 24 measures on [...]
Mako Mining Corp. is pleased to report additional results from its recent definition and expansion drilling program at the Las Conchitas area on its wholly-owned San Albino-Murra property. The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production. Seven diamond drill rigs are currently drilling on the property with five of the rigs dedicated to the Las Conchitas [...]
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