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The latest announcement is out from Mako Mining Corp ( (TSE:MKO) ).
Mako Mining has released an updated mineral resource estimate for its Moss Mine Gold Project in Arizona, outlining measured and indicated open-pit resources of 57.07 million tonnes grading 0.35 g/t gold and 3.7 g/t silver, containing 646,000 ounces of gold and 6.8 million ounces of silver, plus inferred resources of 12.3 million tonnes with 122,000 ounces of gold and 580,000 ounces of silver. The company highlights that the silver ounces are no longer subject to a previous silver stream and that Moss is expected to reach steady-state production later this quarter, with no additional net capital required, positioning the project for an upcoming mineral reserve estimate and updated economics that could underscore its profitability in the current precious metals price environment.
The most recent analyst rating on (TSE:MKO) stock is a Buy with a C$11.50 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 precious metals company focused on gold and silver mining and development, with projects including the Moss Mine Gold Project in Arizona, USA. The company targets open-pit, heap-leach style operations aimed at low-cost production and leverage to current gold and silver prices.
Average Trading Volume: 106,170
Technical Sentiment Signal: Buy
Current Market Cap: C$870.1M
For detailed information about MKO stock, go to TipRanks’ Stock Analysis page.