Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Drill Results

Mako Mining Intersects 18.34 g/t Au over 4.2 m Estimated True Width, 48 m Below Surface, Extending El Golfo Strike Length to 630 m and Announces Receipt of Underground Mining Permit at Las Conchitas

Mako Bolsters Nicaragua Production Profile with New Underground Permit while El Golfo Exploration Hits High-Grade Continuity

By The Northwire Desk — AI Analysis Jan 06, 2026 · 06:45 MKO · 8.16 Mako Mining Corp.
Executive Summary

The news release dated January 6, 2026, reports two primary developments at Mako’s Nicaraguan operations: - Exploration Success at El Golfo: Drilling has intersected high-grade gold mineralization, specifically 18.34 g/t Au over 4.2m Estimated True Width (ETW) only 48m below surface in hole EJ25-24. This extends the El Golfo strike length to 630m and a down-dip of 305m, remaining open in all directions. - Underground Mining Permit: The company received an environmental permit modification for the Las Conchitas deposit. This allows for the development of two underground adits with a planned production rate of 150-250 tonnes per day (tpd) over an initial six-year mine life. This will augment existing open-pit operations.

Material Impact
  • Operational Growth: The receipt of the underground permit is a material milestone that transitions Las Conchitas from purely open-pit to a hybrid operation. This allows Mako to target higher-grade veins that were previously inaccessible, likely improving the blended head grade.
  • Exploration De-risking: The El Golfo results (18.34 g/t Au over 4.2m) are consistent with high-grade results seen earlier in 2025 (e.g., May 2025: 39.15 g/t over 5.9m). Extending the strike to 630m suggests that El Golfo could eventually provide a satellite feed to the San Albino mill, which currently has excess capacity (operating at ~600 tpd vs. 500 tpd nameplate).
  • Synergy: El Golfo is located only 1km southwest of Las Conchitas, meaning infrastructure and processing logistics are already largely in place.
MKO · Price
Company Overview

Mako Mining is a gold producer with a primary focus on the San Albino-Murra district in Nicaragua. - San Albino (Nicaragua): A high-grade open-pit mine that achieved commercial production in 2021. It serves as the hub for the Las Conchitas and El Golfo satellite deposits. - Moss Mine (Arizona): Acquired in early 2025; a heap leach operation currently being optimized and ramped up to steady-state production. - Eagle Mountain (Guyana): A development-stage project with a PEA indicating a US$292M NPV. - Mt. Hamilton (Nevada): Pending acquisition; adds US-based gold-silver production and tungsten optionality.

Read the original news release →

More from Mako Mining Corp.

Oct 19, 2026 · 07:30

Mako’s Moss production ran 40% below its mine plan, causing third-quarter gold sales to slide 21% sequentially.

Earnings Sep 14, 2026 · 09:15

Mako’s 20-year gold stream for 49% of Sailfish telegraphed the plan.

M&A / Property Sep 10, 2026 · 07:30

Mako’s Guyana deal de-risks the Eagle Mountain project, though cost creep and streaming agreements limit potential upside.

M&A / Property Aug 14, 2026 · 07:15

Mako’s Q2 ounces confirm production but lower gold prices cut earnings per share by 38% quarter on quarter.

Earnings Jul 15, 2026 · 16:45

Mako reported sequential production records while lower realized gold prices reduced revenue, even as the company continued to strengthen its balance sheet.

Earnings Jul 07, 2026 · 08:45

Mako’s Moss reserve validates a 15-year mine life, though gradual ramp-up and low grades temper near-term production upside.

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