Mako Mining Achieves Full Capital Recovery and Plans Restart of Moss Mine

Mako Mining Corp. announced the full recovery of its US$6.4 million acquisition cost for the Moss Mine in Arizona. This was achieved through residual leaching of previously stacked mineralization and a cash return from Trisura Guarantee Insurance Company. The current cash and gold sales receivable have increased to US$27.4 million, a rise of US$13.8 million since the quarter's start.

Mining operations at the Moss Mine are set to begin in early July, with a ramp-up throughout 2025 and steady production projected by year-end. This development follows a strong Q2 for the San Albino mine in Nicaragua. The generated cash flow will support further exploration and the Eagle Mountain Project in Guyana, pending permit acquisition by Q2 2026.

CEO Akiba Leisman emphasized the swift recovery and growth in cash reserves, aiding in significant exploration while reducing funding risks for future projects.