Mako Mining – Full scale production starting this week at the high grade open pit on the San Albino Property

March 3, 2021

Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF) joins me to provide an overview of the Company’s San Albino and Las Conchitas Properties, in Nicaragua. This week marks the start of full scale production on what the Company states is the highest grade open pit gold mine in the world.

We focus initially on the production forecasts and expansion opportunities. We then discuss the exploration program that is ongoing and where the Company sees opportunities to growth the resource. With a current drill program of over 130,000 meters there is a blend of adding near term ounces while also exploring for new deposits on the Company’s land.

If you have any follow up questions or if there are any aspects of the Company you would like more information on please email me at

Click here to visit the Mako Mining website and read over the Company’s Corporate Presentation.

    Mar 03, 2021 03:59 PM

    Rolled my Sailfish into Mako. Sold Timberline and Orvana and rolled into Ely. Added to Group Ten, Azarga and Azincourt. Took some Silver Viper profits. Not many profits left except Great Bear. Getting more conservative until they get out of their algo rut.

      Mar 03, 2021 03:56 PM

      That’s a good days work in the markets David. Congrats again on the nice move in Silver Viper.

      I’ve recently increased my position in Sailfish (due to their royalty stream on San Albino), and pressed the bet by adding back my position in Mako Mining, now that
      they are gearing up for production over the next month. The market doesn’t seem to grasp how good the economics are going to be with such a high-grade and low cost open pit mine. I’m also interested in seeing how they will keep exploring around their current resources to bring more satellite pits into production over time.

      As for today’s trading, I sold the remaining portion of my Fortitude Gold for a nice profit, and trimmed back some of my Discovery Metals, and added some to my positions in Silvercrest, Alexco, Aris Gold, and Lithium Americas.

      Mar 03, 2021 03:01 PM

      I’m actually surprised that Sailfish Royalty Corp (FISH) has continued to remain under pressure when one of it’s cornerstone royalties on Mako Mining’s San Albino is about to start throwing off free cash flows.

      > San Albino Gold Stream – Stream equivalent to a 3% NSR on a high-grade, permitted project

        Mar 03, 2021 03:03 PM

        This makes producing and paying royalty #2 for Sailfish (FISH), as they already had the cash-flowing 1.5% NSR on the producing silver and gold El Compass Mine that Endeavour Silver operates.

          Mar 03, 2021 03:38 PM

          I wanted to expand Ely but after listening to the Mako interview with Cory, I wanted to pick up Mako again as I remembered they always seem to have good drill results. I had some Sailfish, and had picked it up and sold Mako for the royalty in Sailfish since I didn’t want both. With the announcement that Mako was going into production but still working to expand the resource and noting the price had not really moved, I thought I would see if entering production moves Mako better than Sailfish.. then go back to Sailfish.
          Then went back to expanding Ely as they appear to have more upside then many of my more speculative attempts that are just withering away. What a pain to spend the vast majority of time in the miners treading water.

            Mar 03, 2021 03:04 PM

            Good comments David. That approach makes sense to me, and I’ve been on a somewhat similar journey. I was initially in (MLN) Marlin Gold back in 2016 & 2017, and exited when they weren’t increasing their production/exploration a La Trinidad, but jumped back in late 2017, when they announced the spinout of their royalty portfolio into Sailfish (FISH), and when the spinout happened, I kept FISH but sold MLN. However, when Marlin Mining announced merging with Golden Reign in late 2018, and I picked up Golden Reign and kept adding through early 2019 for the arbitrage opportunity that existed between GRG and MLN, as they merged to create MKO Mako Mining focused on the San Albino project. I then sold out of MKO in Jan & Feb 2020, after they’d had some nice exploration results, and rotated those funds over to FISH Sailfish and other royalty stocks. Then the March pandemic hit and it went on the backburner for me until last month where I added back Mako, and added a bit more to Sailfish. We’ll see how it goes…

            Mar 03, 2021 03:11 PM

            As for Ely Gold – I hear ya man, and am all bulled up on Nevada, on Gold, and on Royalties right now, and have been steadily building up my position in ELY since late last December and again in 2 tranches in mid January. It’s pulled back about 60% from it’s 2020 high, and has 4 producing royalties, as well as 8 royalties that near term development plays that will pay off over the next four years. What’s not to like?

            Slide 10 on their Corporate Presentation is quite impressive:


            Mar 03, 2021 03:15 PM

            I have got a bunch of stocks I think would be good if I didn’t have this rotating up and down days. I am range bound and have very little profit to take and keep things moving and expanding. I am to the point that to buy a position I have to get rid of one. Waiting for a rally.