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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

Comment by AkibaLeismanon May 13, 2023 2:21pm
114 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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