While they may not have come right out and said it, the third quarter, on many accounts, was a bit of a ‘transitional quarter’ for Mako Mining. San Albino was focused on relatively low grade ore, and mining was in a ramp up phase at the new Moss mine after a 12 month hiatus.
For investors, this of course translates to some higher costing on a per ounce basis, and some figures that aren’t as rosy as many may have expected. Yet the company still managed to make money and post improved results on many line items on a year over year basis.
Lets dive in.
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