Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Mako Mining Corp. is a gold mining, development, and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. It also owns the Eagle Mountain Gold Project in Guyana, South America. The Company’s primary asset is San Albino mine, an open pit mine located in 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. The Eagle Mountain Project comprises two gold deposits, Eagle Mountain and Salbora, in addition to several other exploration targets. Its subsidiaries include Gold Belt, S.A., Nicoz Resources, S.A., and Mako US Corp.


TSXV:MKO - Post by User

Bullboard Posts
Post by brmac75on Dec 22, 2015 8:40am
75 Views
Post# 24404024

Oh oh looks like Marlin hasn't approved funding yet

Oh oh looks like Marlin hasn't approved funding yetFrom the December 21 Interim. With the current gold climate they may elect not to go forward

"In July 2014, the Company completed an agreement with Marlin Gold Mining Ltd. for a US$15.0 million gold streaming arrangement at its San Albino Gold Deposit and surrounding area (See Note 5(a) above). During the period, the Company received an initial draw down of US$139,150 of the upfront cash payment amount of US$15.0 million, to be used for engineering work during the pre-development phase. The balance of the US$15.0 million is subject to Marlin’s election to proceed and is payable in installments once the project schedule and project budget are completed, approved by the Company and accepted by Marlin."
Bullboard Posts