Ravitaliy
- Mako Mining (OTCQX:MAKOF) (TSXV: MKO) said Wednesday it recovered 9,882 ounces of gold and 16,268 oz of silver from its San Albino gold mine in northern Nicaragua during the fourth quarter.
- Gold and silver sales in Q4 were 9,956 oz of gold, and 9,955 oz of silver, respectively.
- The company said it intends to continue optimizing the plant, and expects to operate it at 600 tonnes per day later in Q1 2023.
- "Now that the gold price is 10% higher than what was realized in Q4 2022, our balance sheet will accelerate its strengthening, even after budgeting nearly $10 million of exploration expenditures for 2023," CEO Akiba Leisman said.