An announcement from Mako Mining Corp ( (TSE:MKO) ) is now available.
Mako Mining Corp. has received conditional approval from the TSX Venture Exchange for its acquisition of the Moss Mine in Arizona. The acquisition involves purchasing 100% of EG Acquisition LLC’s shares, which has been managing the Moss Mine since December 2024. The mine has continued its gold and silver sales, generating significant revenue that exceeds initial cash infusions for maintenance. The acquisition is expected to benefit Mako by accruing net cash flow from recent sales and receiving cash collateral from renegotiated environmental bonds, effectively reducing the purchase price.
More about Mako Mining Corp
Mako Mining Corp. operates in the mining industry, focusing on the extraction and sale of gold and silver. The company is involved in acquiring and managing mining assets, with a market focus on expanding its operational capabilities and resource base.
YTD Price Performance: 21.79%
Average Trading Volume: 37,566
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$322.1M
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