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Mako Mining Announces Q2 2025 Production Results Generating Record Gold Revenue of US$38.1 million and an Increase in Cash of US$18.2 million
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / July 14, 2025 / Mako Mining Corp. (TSX-V:MKO...
About this update from Mako Mining Corp.
[{"type":"text","content":"Mako Mining Announces Q2 2025 Production Results Generating Record Gold Revenue of US$38.1 million and an Increase in Cash of US$18.2 millionVANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / July 14, 2025 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) (\"Mako\" or the \"Company\") is pleased to provide second quarter 2025 (\"Q2 2025\") production results for the Company's San Albino gold mine (\"San Albino\") in northern Nicaragua, the Moss Mine in Arizona and an update on the Eagle Mountain gold project in Guyana. Certain amounts shown in this news release may not total to exact amounts due to rounding differences. All amounts expressed in U.S. dollars unless otherwise noted.Q2 2025 San Albino Operational Highlights54,354 tonnes mined, containing 10,911 ounces (\"oz\") of gold (\"Au\") at an average grade of 6.24 grams per tonne (\"g/t\") Au and 12,491 oz of silver (\"Ag\") at 7.15 g/t Ag25,022 tonnes mined from diluted vein material containing 7,981 oz Au at 9.92 g/t Au and 8,829 oz Ag at 10.97 g/t Ag29,332 tonnes mined from historical dump and other mineralized material above cutoff grade (\"historical dump + other\") containing 2,930 oz Au at 3.11 g/t Au and 3,662 oz Ag at 3.88 g/t Ag38.3:1 strip ratio (1)52,705 tonnes milled containing 11,153 oz Au and 12,847 oz Ag grading 6.58 g/t Au and 7.58 g/t Ag41% and 59% from diluted vein and historical dump and other, respectively595tonnes per day (\"tpd\") milled at 97% availabilityMill recovery of 80.3% for goldAt quarter end, the stockpile was estimated at 127,897 tonnes at an average grade of 2.52 g/t Au for contained Au of 10,352 ozQ2 2025 Mako Financial HighlightsMako total gold sales of 11,476 oz Au for total revenue of $38.1 million in Q2 2025San Albino Mine sales of 10,104 oz Au at $3,323 per ounceMoss Mine sales of 1,372 oz Au from residual leaching activities at $3,321 per ounceDelivered final 13,500 oz silver payment to Sailfish Silver Loan for a total of $0.4 million in Q2 2025$1.5 million release of collateral at Moss Mine from Trisura Guarantee Insurance CompanyCash Balance of $28.6 million as of June 30th, 2025Akiba Leisman, Chief Executive Officer of Mako states that \"in Q2 2025 we generated US$38.1 million in revenue, a record for the Company. Gold sales of 10,104 ounces were similar to the previous two quarters; however, realized gold prices of $3,323 per ounce were ...