Akiba Leisman, CEO of Mako Mining, provides an update on construction at San Albino and exploration as Las Conchitas.
- Mako’s San Albino gold project is one of the highest grade open-pit development projects globally.
- Located in Nueva Segovia, Nicaragua, ~173 km north of Managua, it is accessible via paved highway.
- Gold grades typically associated with high-cost underground mining are amenable to low-cost open-pit mining at San Albino.
- An updated resource estimate at San Albino is due this fall.
- Construction is well underway, with first gold pour expected early next year.
- Exploration activities at Las Conchitas have continued to return exceptionally high-grade, near-surface intervals. A maiden resource on this project is expected to be released in 2021.
- Construction of the mine and the current drill program are now fully funded.