on Mako Mining Corp. (isin : CA56089A1030)
Mako Mining Announces Record Q2 2024 Results
Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) reported record revenue of US$28.3 million for Q2 2024. The Vancouver-based company achieved record gold recovery, processing 12,206 ounces of gold.
Operational highlights include mining 59,549 tonnes of material, containing 14,855 ounces of gold with an average grade of 7.76 g/t. The milling process handled 52,681 tonnes, maintaining a high availability rate of 97%.
The company's stockpile at the end of Q2 stood at 157,612 tonnes, with an estimated 12,436 ounces of gold. Additionally, Mako delivered 40,500 ounces of silver as part of the Sailfish Silver Loan, and repurchased shares worth CAD$3.4 million.
Mako received approval for the Las Conchitas Environmental Impact Assessment, enabling uninterrupted mining and processing of Las Conchitas material. Exploration expenditures for the quarter totaled US$1.6 million, and the company reported a cash balance of approximately US$6.7 million by the end of June 2024.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Mako Mining Corp. news