Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Mako Mining Corp ( (TSE:MKO) ) has provided an update.
On May 4, 2026, Mako Mining reported strong exploration results from reverse circulation and diamond drilling at the Candelaria zone within Las Conchitas South, part of its San Albino Project in northern Nicaragua. The latest holes, drilled in an area already fully permitted for mining near the existing Limon-Mango-Bayacun pit, returned multiple high-grade gold and silver intercepts, including 26.98 g/t gold over 6.8 m estimated true width, and confirmed that mineralization remains open along strike and at depth.
The campaign has extended the footprint of high-grade gold mineralization by more than 450 m to the southwest of the current pit limits defined in the 2023 resource model, while geotechnical drilling is being used to optimize future pit design and slope stability. Management says these are among the most significant results in six years of mining at San Albino and could support a material expansion of the LMB open pit and longer mine life, with development toward the southwest of the Candelaria fault expected to begin after the rainy season in late 2026, subject to economic viability.
Spark’s Take on MKO Stock
According to Spark, TipRanks’ AI Analyst, MKO is a Neutral.
The score is driven primarily by strong financial performance, including rapid growth, improved margins, and a near debt-free balance sheet with meaningful free cash flow. Offsetting this, technical indicators show weak-to-neutral near-term momentum, and valuation is a significant headwind due to the very high P/E and lack of dividend yield data.
To see Spark’s full report on MKO stock, click here.
More about Mako Mining Corp
Mako Mining Corp. is a publicly listed gold mining, development and exploration company focused on high-grade, open-pit operations and district-scale potential. It operates the San Albino gold mine in Nueva Segovia, Nicaragua, owns the Moss Mine in Arizona and the Mt. Hamilton heap leach project in Nevada, and holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, now advancing through engineering, environmental and permitting work.
Average Trading Volume: 146,600
Technical Sentiment Signal: Buy
Current Market Cap: C$883.5M
Learn more about MKO stock on TipRanks’ Stock Analysis page.