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Cover for Mako Mining Exploration Update from San Albino with Focus on Reconnaissance Sampling

Mako Mining Exploration Update from San Albino with Focus on Reconnaissance Sampling

August 28, 2024
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Mining Stock Daily
By Mining Stock Daily
Mining Stock Daily

Mako Mining CEO Akiba Leisman discusses the company's recent exploration results and Q2 financials. The exploration results include high-grade gold and silver intercepts in the Los Conchitas area of the San Albino Gold Mine in Nicaragua. Leisman explains that the goal of the exploration program is to expand the resource and ensure a steady feed for the mills. He also highlights the potential for additional discoveries in the company's 188 square kilometer land package. In terms of financials, Mako Mining reported strong Q2 results, with $28.3 million in gold sales and an all-in sustaining cost of just over $1,000 per ounce. Leisman emphasizes that Mako is a profitable miner and discusses the company's plans for future development, including the recently closed Goldsource Mines deal in Guyana.

Mining Stock Daily
Mining Stock Daily
Mining Stock Daily is a news-style briefing delivering the day's most important information out of the junior mining and mineral exploration sector. Content is published throughout the world on a dozen different platforms.
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