Mako Files Full NI 43-101 Technical Report for Moss Mine: $254M NPV, 109% IRR, 598k oz Gold Reserves
MAKO has more than doubled off its 52-week low of $4.176.
Summary
Mako Mining filed the full NI 43-101 technical report for its Moss Mine, revealing a $254M NPV, 109% IRR, and 598k oz of gold reserves with a 14-year mine life.
Key Events · Product Development and Regulatory · MAKO
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Full Technical Report Filed
Mako filed the complete NI 43-101 technical report for the Moss Mine, providing detailed mineral resource and reserve estimates, mine plan, and economic analysis.
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Reserve Estimate: 598k oz Gold
Proven and probable reserves total 62.6 million tons at 0.0095 oz/t Au and 0.1005 oz/t Ag, containing 597,744 oz gold and 6,296,299 oz silver.
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Economic Analysis: $254M NPV, 109% IRR
At $3,500/oz gold, the project has a pre-tax NPV of US$254 million and IRR of 109%, with life-of-mine AISC of ~US$2,200/oz.
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14-Year Mine Life, 443k oz Gold
Life-of-mine plan produces 442.9 koz gold and 2.01 Moz silver over 14 years, with throughput expanding from 8,500 to 14,000 t/d by 2031.
Analysis · MAKO · Energy & Transportation
The full technical report quantifies the Moss Mine's economics for the first time. At $3,500/oz gold, the project generates a pre-tax NPV of US$254 million and a 109% IRR, with life-of-mine AISC of ~US$2,200/oz. The reserve base of 597,744 ounces of gold and 6.3 million ounces of silver supports a 14-year mine life producing 442.9 koz gold. The report also details the capital required to expand throughput from 8,500 to 14,000 tons per day by 2031, a key execution risk. This is the first time investors can see the full cost structure and economic assumptions behind the July 7 reserve announcement.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 40.4% of the 1069 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.35%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MAKO was trading at $10.54 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $923.4M. The 52-week trading range was $4.18 to $10.69. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.