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Mako Mining Corp ( (TSE:MKO) ) has provided an announcement.
Mako Mining Corp. reported record gold revenues of $28.8 million for the fourth quarter of 2024, driven by robust production at its San Albino mine in Nicaragua. The company experienced a significant recovery in gold production, with recovered gold ounces increasing by 134% compared to the previous quarter, despite earlier delays due to permitting issues. The increase in production and sales has positively impacted Mako’s cash balance, which rose by $9.5 million, enhancing the company’s financial position and operational stability.
More about Mako Mining Corp
Mako Mining Corp. operates in the mining industry, focusing primarily on gold mining. The company is involved in the extraction and production of gold and silver, with key operations at the San Albino gold mine in Nicaragua and interests in the Eagle Mountain Gold Project in Guyana.
YTD Price Performance: 3.28%
Average Trading Volume: 33,486
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$274.2M
For detailed information about MKO stock, go to TipRanks’ Stock Analysis page.
