Project UpdateJul 7, 2026, 08:46 AM
Mako Mining Reports 598 Koz Au Reserves at Moss Mine; Post-Tax NPV $254M
AI Summary
Mako Mining Corp. announced a mineral reserve estimate and updated project economics for its Moss Mine in Arizona. The mine now boasts Proven and Probable Mineral Reserves of 597,744 oz gold and 6.30 Moz silver, supporting a post-tax NPV 5% of $254 million over a 15-year mine life. The company also reported the settlement of royalty litigation with Patriot Gold Corp. for $1.55 million, resolving a previous constraint and unlocking opportunities to lower its cost of capital.
Key Highlights
- Total Proven and Probable Mineral Reserves: 597,744 oz gold and 6.30 Moz silver.
- Post-tax NPV 5% of $254 million at $3,500/oz Au and $50/oz Ag.
- Projected 15-year mine life with 442,904 ounces of recovered gold and 2.1 Moz silver.
- Average annual recovered gold production of 30,928 oz (2026-2039), peaking at 46,137 oz in 2031.
- Life of Mine sustaining capital expenditures estimated at $86 million, funded from cash flow.
- Royalty litigation with Patriot Gold Corp. settled for an additional $1.55 million.
Price Impact
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