Mako Mining Provides Q4 and 2022 Year End Financial Results - Record Q4 Gold Sales of 9,956 oz and AISC(1) of $1,062/oz

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[{"type":"text","content":"Mako Mining Provides Q4 and 2022 Year End Financial Results – Record Q4 Gold Sales of 9,956 oz and AISC(1) of $1,062/ozVANCOUVER, BC / ACCESSWIRE / April 14, 2023 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) (\"Mako\" or the \"Company\") is pleased to provide financial results for the three months ended December 31st, 2022 (\"Q4 2022\"), which is the sixth full quarter of financial results since declaring commercial production on July 1, 2021 at its San Albino gold mine (\"San Albino\") in northern Nicaragua. For detailed Q4 2022 operating results, please see the Company's press release dated January 18, 2023.All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated.Q4 2022 HighlightsFinancial$16.1 million in Revenue$7.8 million in Adjusted EBITDA(1)$8.8 million in Mine Operating Cash Flow (\"Mine OCF\") (1) (3)$0.8 million in Net Loss after $3.2 million of depreciation, depletion(4) and amortization and $3.1 million in exploration expenses$715 Cash Costs ($/oz sold) (1) (2)$733 Total Cash Costs ($/oz sold) (1) (2)$1,062All-In Sustaining Costs (\"AISC\") ($/oz sold) (1) (2)Three monthly repayment installments totaling $1.1 million were made on the Sailfish Loan during Q4 2022Refers to a Non-GAAP financial measure within the meaning of National Instrument 52-112 - Non-GAAP and Other Financial Measures Disclosure (\"NI 52-112\"). Refer to information under the heading \"Non-GAAP Measures\" as well as the reconciliations later in this press release.Refers to a Non-GAAP ratio within the meaning of NI-52-112. Refer to information under the heading \"Non-GAAP Measures\" later in this press release.Refer to \"Chart 1 - Q4 2022 - Mine OCF Calculation and Cash Reconciliation (in $ millions)\" for a reconciliation of the beginning and ending cash position of the Company, including OCF.Growth$3.1 million in exploration and evaluation expenses ($1.1 million in areas surrounding San Albino and $1.9 million at Las Conchitas)Subsequent to December 31st, 2022Three monthly repayment installments totaling $1.1 million were made on the Company's loan with Sailfish Royalty Corp. (\"Sailfish\").On March 1, 2023, the Company signed a binding letter of intent with Sailfish for an initial 24- month silver stream for $6 million silver stream to repay outstanding principal owing under the Company's loan f...

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