Mako Mining Updates Mineral Resource Estimate for Arizona's Moss Mine

Mako Mining Corp. has released an updated mineral resource estimate for the Moss Mine in Arizona, developed by Micon International Limited and others. The project boasts measured and indicated resources of 646,000 ounces of gold and 6.8 million ounces of silver, at an average grade of 0.35 g/t gold and 3.7 g/t silver. An additional inferred resource includes 122,000 ounces of gold and 580,000 ounces of silver.

These estimates are based on a cutoff of 0.17 g/t AuEq, with a silver-to-gold ratio of 194.6:1. Prices are set at US$2,500/oz for gold and US$29.2/oz for silver. The company aims to advance the project towards a mineral reserve estimate in the second quarter of 2026. Akiba Leisman, CEO of Mako, highlighted that the acquisition cost was under $3 per AuEq ounce, emphasizing the financial benefits.

No further capital is required for production, set to begin this quarter. This estimate is a precursor to a reserve estimate and updated project economics, expected to showcase the mine's profitability.