Mako Mining reports Q2 San Albino gold production 10,911 ounces

Mako Mining (MAKOF) provided Q2 2025 production results for the Company’s San Albino gold mine in northern Nicaragua, the Moss Mine in Arizona and an update on the Eagle Mountain gold project in Guyana. Q2 2025 San Albino Operational Highlights: 54,354 tonnes mined, containing 10,911 ounces of gold at an average grade of 6.24 grams per tonne Au and 12,491 oz of silver at 7.15 g/t Ag; 25,022 tonnes mined from diluted vein material containing 7,981 oz Au at 9.92 g/t Au and 8,829 oz Ag at 10.97 g/t Ag; 29,332 tonnes mined from historical dump and other mineralized material above cutoff grade containing 2,930 oz Au at 3.11 g/t Au and 3,662 oz Ag at 3.88 g/t Ag; 38.3:1 strip ratio; 52,705 tonnes milled containing 11,153 oz Au and 12,847 oz Ag grading 6.58 g/t Au and 7.58 g/t Ag; 41% and 59% from diluted vein and historical dump and other, respectively; 595tonnes per day milled at 97% availability; Mill recovery of 80.3% for gold; At quarter end, the stockpile was estimated at 127,897 tonnes at an average grade of 2.52 g/t Au for contained Au of 10,352 oz. Q2 2025 Mako Financial Highlights: Mako total gold sales of 11,476 oz Au for total revenue of $38.1M in Q2 2025; San Albino Mine sales of 10,104 oz Au at $3,323 per ounce; Moss Mine sales of 1,372 oz Au from residual leaching activities at $3,321 per ounce; Delivered final 13,500 oz silver payment to Sailfish Silver Loan for a total of $0.4M in Q2 2025; $1.5M release of collateral at Moss Mine from Trisura Guarantee Insurance Company; Cash Balance of $28.6M as of June 30th, 2025 Akiba Leisman, CEO, states that “in Q2 2025 we generated $38.1M in revenue, a record for the Company. Gold sales of 10,104 ounces were similar to the previous two quarters; however, realized gold prices of $3,323 per ounce were substantially higher. This was the first full quarter the Company owned the Moss Mine, with 1,372 gold ounces sold from the residual leach operations. After reinvesting cash flow in exploration in Nicaragua, rapidly advancing the Eagle Mountain project in Guyana, and preparing for the restart of mining operations at the Moss Mine in Arizona, the Company managed to increase cash on the balance sheet by $18.2M to $28.6M, which gives an indication as to how profitable our current mining assets are. This cash will be used for the eventual construction of the Eagle Mountain project next year.”