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Mako Mining reports record gold production in Nicaragua

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Mako Mining announced today that it has recorded “outstanding” production results, reaching a record 3,817 gold ounces recovered in September.

The company said this result was achieved after it resumed its original processing plan of producing 50% high grade diluted vein material mixed with 50% lower grade stockpile material, which resulted in “substantial” improvements in head grades and recoveries.

Mako also noted that head grades averaged 8.4 g/t Au with recoveries of 85.5% during September, adding it expects this trend to continue as the company accesses the higher-grade zones at Las Conchitas while maintaining an optimal blend to the plant.

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CEO Akiba Leisman stated, “Operating improvements, resulting from permits to begin mining Las Conchitas in parallel with San Albino, have significantly improved free cash flow generation from the mine. This allows the company to rapidly repay debt while investing heavily in exploration.

“A maiden resource for Las Conchitas is very nearly complete, which will allow the company to be operating at these levels for year to come.”

Mako Mining is a gold mining, development and exploration company. The company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally.

 

Source: Kitco

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