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Mako Mining Corp. MAKO
$10.18 -$0.17-1.64% NASDAQ
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Company Overview

Mako Mining Corp. is a publicly traded gold mining and exploration company focused on developing and operating high-grade gold projects in Latin America. The company’s primary operations are centered on the San Albino Gold Mine in Nicaragua, which serves as its principal revenue-generating asset through gold production and sales. Mako operates in the mining and metals industry, with activities spanning mineral exploration, mine development, processing, and commercial gold production. In addition to operating assets, the company maintains exploration properties aimed at expanding mineral resources and extending mine life.

The company was founded in 2017 and is headquartered in Vancouver, Canada. Mako evolved from an exploration-focused enterprise into a producing gold company following the development and commercial ramp-up of the San Albino project. Its strategic positioning is tied to operating relatively high-grade deposits with comparatively modest capital intensity, while leveraging regional exploration opportunities in Central America. Public disclosures and regulatory filings identify the company’s focus on disciplined capital allocation, operational efficiency, and resource expansion around existing infrastructure.

Business Operations

Mako Mining generates revenue primarily through the extraction, processing, and sale of gold and silver concentrate and doré from the San Albino Mine and associated processing facilities in Nicaragua. The company’s operations include open-pit and underground mining activities, ore processing infrastructure, exploration drilling, and mineral resource development. Mako also controls several exploration concessions adjacent to and surrounding San Albino, including the Las Conchitas area, which has been a significant exploration target for additional high-grade mineralization.

The company operates mainly through its Nicaraguan subsidiaries and maintains corporate and administrative functions in Canada. Its operational assets include mineral concessions, processing facilities, mining equipment, and geological databases supporting ongoing exploration programs. Mako has historically utilized contract mining and technical partnerships to support mine development and operational execution. The company’s revenues are primarily exposed to international gold prices, while its cost structure reflects mining, labor, energy, and sustaining capital expenditures associated with operating in Nicaragua.

Strategic Position & Investments

Mako Mining’s strategic direction emphasizes increasing gold production, expanding mineral reserves and resources, and extending the operational life of its existing mining assets. The company has invested significantly in exploration around the San Albino district, particularly through drilling campaigns at Las Conchitas, where management has identified potential for additional near-surface and underground mineralization. Mako has also pursued infrastructure optimization and processing improvements intended to enhance operational efficiency and recovery rates.

The company has periodically evaluated acquisitions and regional expansion opportunities within the Americas, particularly where existing technical expertise in narrow-vein high-grade mining can be applied. Public filings and investor materials also indicate an emphasis on balancing growth with financial discipline, including debt management and internally funded development where feasible. Mako’s portfolio remains concentrated in Central America, with strategic value tied to its established operational footprint, exploration upside, and existing permitting and processing infrastructure.

Geographic Footprint

Mako Mining’s operational footprint is concentrated primarily in Nicaragua, where the company owns and operates the San Albino Gold Mine and related exploration concessions. The company’s corporate headquarters are located in Vancouver, British Columbia, and its shares trade publicly in Canada and the United States through over-the-counter markets. Nicaragua represents the company’s core production and exploration jurisdiction, making the region central to its operational and financial performance.

While Mako’s producing assets are currently focused in Central America, the company participates in global gold markets through international bullion sales and engagement with North American capital markets. Its operational influence is strongest within the Latin American mining sector, where it has established local infrastructure, workforce relationships, and permitting experience. Public disclosures do not indicate a broad multinational operating platform beyond its current regional concentration.

Leadership & Governance

Mako Mining is led by a management team with backgrounds in mining operations, finance, geology, and mine development. The company’s leadership has emphasized operational execution, resource growth, and disciplined project development. Corporate governance is overseen by a board of directors and executive officers responsible for regulatory compliance, operational oversight, capital allocation, and strategic planning.

Key executives include:

  • Akiba Leisman – Chief Executive Officer
  • Richard F. Drechsler – Chief Financial Officer
  • Marc Blythe – Vice President, Exploration
  • Alberto Aráuz – Chief Operating Officer
  • Sergio Chacón – General Manager, Nicaragua Operations

The company’s leadership philosophy, as reflected in public filings and investor communications, centers on disciplined mine development, operational reliability, and leveraging exploration success to support long-term production growth.

Data complied by narrative technology. May contain errors

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