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Posted by
Two Blokes Jun 15 -
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Stock
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Mako Mining operates the San Albino Mine in Nicaragua, one of the highest-grade open-pit mines in the world. More precisely, milled grade in Q1 '25 averaged 7.1 g/t. Free cash flows from San Albino are then used to fund regional exploration activities, as well as inorganic growth opportunities such as the acquisition of the Moss Mine in Arizona. Moss was acquired from a bankruptcy proceeding for a net cash acquisition cost of ~$2.0 million. The asset has a long history of producing approximately 30,000 ounces annually.
