Mako Mining Commences Share Buyback Program

Mako Mining Corp. has received approval from the TSX Venture Exchange to initiate a normal course issuer bid. Under this bid, Mako will repurchase up to 3,956,485 of its common shares. This amount represents 5% of its current outstanding shares. The buying will start on November 19, 2024, and will conclude by November 18, 2025.

The shares will be bought at market prices and subsequently canceled, in line with TSX Venture Exchange policies. Ventum Financial Corp. has been engaged to oversee the share repurchase process. Mako’s leadership believes the share price does not reflect the company's true value, considering its operations and future prospects.

CEO Akiba Leisman emphasized that this move aligns with the shareholders' interests. Mako operates the high-grade San Albino gold mine in Nicaragua and owns the Eagle Mountain gold project in Guyana.