Mako Mining Recovers Moss Mine Acquisition Cost, Plans July Restart

An update from Mako Mining Corp ( (TSE:MKO) ) is now available.

Mako Mining Corp. has announced the full recovery of its US$6.4 million acquisition cost for the Moss Mine in Arizona, achieved through cash flow from residual leaching and a return of collateral from Trisura Guarantee Insurance Company. The company plans to restart gold mining activities at the Moss Mine in early July, with steady-state production expected by the end of Q4 2025. Mako’s cash balance has increased to US$27.4 million, bolstered by strong operations at its San Albino mine in Nicaragua. The cash flow will support exploration and the construction of the Eagle Mountain Project in Guyana, significantly derisking its funding.

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 strategic corporate events significantly boost its overall score. The bullish technical indicators further support a positive outlook, though caution is advised due to overbought signals. The valuation remains reasonable, reflecting the company’s growth potential. These factors combine to give Mako Mining a solid investment profile in the gold industry.

To see Spark’s full report on TSE:MKO stock, click here.

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 Moss Mine in Arizona. Mako also holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, South America.

Average Trading Volume: 73,201

Technical Sentiment Signal: Buy

Current Market Cap: C$414.3M

Find detailed analytics on MKO stock on TipRanks’ Stock Analysis page.