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Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Mako Mining Corp. is a Canada-based gold mining, development and exploration company. The Company holds 100% of four mineral concessions in Nueva Segovia, Nicaragua for a total land package of approximately 18,817 hectares. The San Albino gold deposit, located within the San Albino-Murra Property mine is in Nueva Segovia, Nicaragua. Its San Albino gold project is an open pit development project located in Nueva Segovia, Nicaragua, approximately 173 kilometers north of Managua and accessible through a paved highway. Its Las Conchitas area is located approximately 2.5 kilometers south of its high-grade San Albino Gold Deposit and is situated near the southern end of the Corona de Oro Gold Belt. Its subsidiaries include Gold Belt, S.A., Marlin Gold Mining Ltd., Marlin Gold Trading Inc., Nicoz Resources, S.A. and Oro Gold de Mexico, S.A. de C.V.


TSXV:MKO - Post by User

Comment by AkibaLeismanon May 13, 2023 2:21pm
97 Views
Post# 35447001

RE:Incentives

RE:Incentives

Yes re: permit.  It literally is waiting on one signature.  TBF to the government, we did ask for this to be expedited, so it's not like it's late relative to what activities needed to be done before normal-course approval; it's just a few weeks late from the expedited schedule.  But it is a tad annoying.   Although I chose my word "imminently" in the PR appropriately. 

As for incentives, employees haven't had a grant since 2019.  I think it's a fair criticism that we don't have equity derivative vesting tied to something other than time, but I personally don't like that in our current stage.  I make too many decisions that change where the focus of the company should be, where it would be too binding on me (and by extension unfair to my employees) to have vesting tied to specific objectives at the non-executive level.  Cash bonuses are different, where those are targeted to specific performance objectives.  

I don't think the amount, allocation and structure were wrong in any way.  

 

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