Mako Mining Declares First Proven & Probable Gold/Silver Reserves at Moss Mine with $254M NPV
MAKO has more than doubled off its 52-week low of $3.616.
Summary
Mako Mining Corp. announced its first-ever proven and probable mineral reserve estimate for its Moss Mine, valuing the project at a post-tax NPV of $254 million over a 15-year mine life.
Key Events · Financing and Capital Events · MAKO
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First Mineral Reserve Declaration
Mako Mining declared its first Proven and Probable Mineral Reserves for the Moss Mine, totaling 597,744 oz gold and 6.30 Moz silver. This is a critical milestone for the company.
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Strong Project Economics
The Moss Mine project has an after-tax Net Present Value (NPV 5%) of US$254 million, based on current metal prices, and requires no initial capital, with sustaining capital funded from cash flow.
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15-Year Mine Life
The updated plan supports a 15-year mine life with average annual production of 30.9k oz gold, providing long-term operational stability.
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Royalty Litigation Settled
The company reached a settlement with Patriot Gold Corp. regarding its 3% royalty interest on the Moss Mine, resolving a prior legal dispute.
Analysis · MAKO · Energy & Transportation
This filing is highly important as it marks Mako Mining's first declaration of Proven and Probable Mineral Reserves, a fundamental de-risking event for a mining company. The Moss Mine's post-tax NPV of $254 million represents a significant portion of the company's market capitalization, adding substantial quantifiable value to its asset base. The 15-year mine life and the fact that sustaining capital will be funded from cash flow underscore the project's robust economics and long-term viability. This declaration is expected to improve the company's access to capital and facilitate future growth initiatives, as highlighted by the CEO. The resolution of a key royalty dispute further reduces operational uncertainty.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 48.8% of the 211 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -1.09%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MAKO was trading at $7.75 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $692.6M. The 52-week trading range was $3.62 to $8.99. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.