Mako Mining Expands Portfolio with Strategic Acquisition of Moss Mine

Mako Mining Corp ( (TSE:MKO) ) has issued an update.

Mako Mining Corp. has completed the acquisition of the Moss gold mine in Arizona, adding a producing asset to its portfolio. The acquisition was achieved at a net cash cost of approximately US$2.0 million, significantly lower than Mako’s current monthly cash flow, and was facilitated by cash inflows from gold and silver production and the release of collateral for environmental bonds. This strategic move positions Mako to capitalize on high gold prices and enhance its operational capabilities in a top-tier jurisdiction.

More about Mako Mining Corp

Mako Mining Corp. is a publicly listed gold mining, development, and exploration company. It operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, and owns the Eagle Mountain Gold project in Guyana, South America.

YTD Price Performance: 18.21%

Average Trading Volume: 43,212

Technical Sentiment Signal: Sell

Current Market Cap: C$316.2M

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