Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Mako Mining Corp ( (TSE:MKO) ) is now available.
Mako Mining Corp. has reported strong new drill results from the El Golfo area, immediately south of its Las Conchitas and San Albino operations in Nicaragua, confirming multiple subparallel high-grade gold-bearing quartz veins over a strike length of at least 630 metres and down-dip extent of 305 metres that remain open in all directions. The latest drilling, which includes intercepts such as 18.34 g/t gold over 4.2 metres true width and several very high-grade, near-surface intervals, supports El Golfo as a significant new discovery with geology similar to existing producing deposits, while the newly received underground mining permit at Las Conchitas will allow development of two adits and underground production of 150–250 tonnes per day for six years, potentially boosting mine life, production flexibility and overall project economics alongside ongoing open-pit operations.
The most recent analyst rating on (TSE:MKO) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Mako Mining Corp stock, see the TSE:MKO Stock Forecast page.
Spark’s Take on TSE:MKO Stock
According to Spark, TipRanks’ AI Analyst, TSE:MKO is a Outperform.
Mako Mining Corp’s strong financial performance and positive technical indicators are the primary drivers of its overall stock score. The company’s solid revenue growth, profitability, and low financial leverage enhance its stability and growth potential. The technical analysis supports a positive trend, while the valuation remains reasonable, contributing to a favorable investment outlook.
To see Spark’s full report on TSE:MKO stock, click here.
More about Mako Mining Corp
Mako Mining Corp. is a gold mining and exploration company focused on high-grade, narrow-vein gold deposits in Nicaragua, where it operates the San Albino and Las Conchitas mines and advances nearby targets such as El Golfo within its El Jicaro concession.
Average Trading Volume: 119,884
Technical Sentiment Signal: Buy
Current Market Cap: C$710M
See more insights into MKO stock on TipRanks’ Stock Analysis page.