Mako Mining Corp Dossier
Qualitative Analysis
Business overview
Mako Mining Corp. is a gold mining, development, and exploration company focused on delivering sustainable growth and long-term value across the Americas. The company's flagship asset is the 100%-owned, high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open-pit gold mines globally. In addition to its core Nicaraguan operations, Mako has strategically expanded its geographical footprint in the United States and South America. This includes the producing Moss Mine in northwestern Arizona (acquired in March 2025), the fully permitted development-stage Mt. Hamilton gold-silver project in Nevada (acquired in March 2026), and the PEA-stage Eagle Mountain Project in Guyana.
Research as of 24 Jul 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Transitioning the high-grade San Albino open-pit operation in Nicaragua to include underground mining. Geotechnical and engineering activities are underway to support driving the decline starting in mid-2026.
Expected impact: Unlocks deeper mineralization below 120 meters, potentially multiplying the resource base by 5x to 10x and extending the overall life of mine.
Ramping up the newly acquired Moss Mine in Arizona to steady-state production by blending ore from the existing west pit with material from the newly permitted northeast pit extension.
Expected impact: Lifts head grade toward 0.37 g/t Au and targets steady-state annual production of 30,000 oz Au and over 200,000 oz Ag.
Advancing the Eagle Mountain Gold Project in Guyana through environmental baseline studies, stakeholder engagement, and geotechnical/metallurgical drilling to support the Environmental Impact Assessment (EIA) process.
Expected impact: Secures the environmental permit and advances the PEA-stage project toward a construction decision, adding a third major asset to Mako's portfolio.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To acquire the 100%-owned Eagle Mountain Gold Project in Guyana, diversifying Mako's geographic footprint and combining Mako's operational mine-building team with Goldsource's high-quality development asset.
Financial impact: Added a major PEA-stage asset to Mako's balance sheet without incurring debt, funded entirely via an all-share transaction where Goldsource shareholders received 0.22 of a Mako share for each Goldsource share.
To acquire a fully permitted, development-stage gold-silver project in White Pine County, Nevada, which also hosts a critical tungsten-copper-molybdenum target, establishing a strategic foothold in a premier US mining jurisdiction.
Financial impact: Acquired for US$40 million in cash funded via a bridge facility from Wexford Capital, restructured to include a five-year gold stream and a 2% NSR royalty granted to Sailfish.