Mako Mining Corp. (TSXV: MKO) announced today the production results for the fourth quarter of 2021 from the recently commercially-producing San Albino gold mine in northern Nicaragua. The results highlighted mining 12,251 gold ounces during the quarter, up from last quarter’s 10,498 ounces.
The gold mined for the quarter came from mining a total of 44,160 tonnes at an average grade of 8.63 g/t gold.
For the year, the company recovered 10,291 gold ounces and sold 9,588 gold ounces at an average realized price of US$1,797 per ounce.
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The firm also milled a total of 38,313 tonnes, containing 11,102 gold ounces at a blended grade of 9.01 g/t gold. This is an increase from last quarter’s 33,441 tonnes, containing 8,873 gold ounces at a blended grade of 8.25 g/t gold.
Average throughput for the quarter ended at 507 tonnes per day, up from last quarter’s 429 tonnes per day.
The mining company recently secured a 10-year drilling permit for the La Segoviana concession.
Mako Mining last traded at $0.33 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
