Mako Mining – A Review of 2021 Financials, Q1 2022 Operations, And The Upcoming Exploration Plan
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins us to review the 2021 and Q4 financials and the Q1 2022 operations and production numbers at the San Albino Gold Mine in northern Nicaragua. With an average blended head-grade of 7 – 9 g/t gold, and an All-In Sustaining Cost of $830, the revenues and net incomes are quite robust coming out of San Albino.
We ask Akiba to unpack how the production profile will be expanding from 500 tpd to 1000 tpd, and where that growth will be coming from at San Albino, Las Conchitas, and eventually regional targets like La Segoviana, to essentially double the production rate in 2023. The company launched a $17 million exploration plan for 2022 with the goal of drilling 110,000 meters at near mine and regional targets, and there will be coming exploration news in the months to come.