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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

Post by james2001on May 16, 2021 12:55am
288 Views
Post# 33210864

45 to 50k ounce production

45 to 50k ounce productionIf this mine produces at this level and within 2 years doubles to 90 to 100 k this will be a cash flow king at either level for a junior. So if their balance sheet is a little thin on cash for a while or if they need a bit more for a short period of time I'm sure they will find it. Over a full calendar year at 45k year production should produce 45 to 50 mil free cash flow if they meet their objectives.Their debt levels should be very easy for them to deal with at that rate of production.Sit back and enjoy the ride as many of the risks associated with this company have been removed or dealt with.The real excitement will be the drilling results over the next 2 years.
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