Company Overview

Mako Mining Corp. is a Canada-based junior gold mining company engaged in the exploration, development, and production of precious metals, primarily gold. The company operates in the mining and mineral development industry, with its core focus on high-grade, low-cost gold assets in Central America, particularly Nicaragua. Mako Mining’s primary revenue driver is gold production from its operating mine, supported by ongoing exploration activities intended to extend mine life and expand resources.

The company’s strategic positioning is centered on operating small-scale, high-margin underground and open-pit gold projects in underexplored but mineral-rich regions. Mako Mining was formerly known as Mako Mining Ltd. and became its current operating platform following the acquisition of Golden Reign Mining Corp. in 2021, which brought the San Albino Gold Mine into production. Since that transaction, the company has evolved from an exploration-focused issuer into a gold producer with cash flow generation.

Business Operations

Mako Mining’s business operations are primarily organized around its gold production and exploration segment, with revenue generated from the sale of gold dore produced at its flagship operation. The company’s principal operating asset is the San Albino Gold Mine, an open-pit and underground mining operation located in northern Nicaragua, which utilizes conventional crushing, grinding, and gravity/leach processing technology.

In addition to San Albino, the company controls several exploration-stage assets in Nicaragua, including Las Conchitas and El Golfo projects, which are intended to provide organic growth through near-mine and regional exploration. Operations are conducted through wholly owned subsidiaries incorporated in Canada and Nicaragua. Public disclosures do not indicate material joint ventures; however, the company has entered into standard commercial arrangements related to refining, concentrate sales, and local service providers. Data inconclusive based on available public sources regarding long-term strategic partnerships beyond operating contracts.

Strategic Position & Investments

Mako Mining’s strategic direction emphasizes disciplined production growth, cost control, and resource expansion around existing infrastructure. Growth initiatives are focused on increasing throughput at the San Albino Gold Mine, extending mine life through exploration success, and advancing satellite deposits that could be economically trucked to existing processing facilities.

The company’s most significant investment to date remains the acquisition of Golden Reign Mining Corp., which transformed Mako into a producing miner. Ongoing capital allocation is directed toward sustaining capital at San Albino and exploration drilling across its Nicaraguan land package. Mako Mining is not publicly known to hold a diversified portfolio of external investments; instead, it maintains a concentrated asset base. Involvement in emerging technologies or non-gold sectors is not evident; data inconclusive based on available public sources.

Geographic Footprint

Mako Mining’s operational footprint is concentrated in Central America, with its core mining and exploration activities located in Nicaragua. The San Albino Gold Mine and associated exploration projects are all situated within the country, making Nicaragua the company’s primary source of revenue and operational risk.

The company is headquartered in Canada, where corporate management, governance, and capital markets activities are conducted. While Mako Mining is listed on the TSX Venture Exchange, it does not currently report material operating assets outside Nicaragua. Its international influence is therefore primarily operational rather than investment-based, with exposure to global gold markets through commodity sales rather than geographic diversification.

Leadership & Governance

Mako Mining was founded and is led by executives with experience in junior mining development and capital markets. The leadership team emphasizes operational discipline, conservative financial management, and jurisdictional focus, aiming to build shareholder value through profitable production rather than rapid asset accumulation.

Key executives include:

• Akiba Levenstein – President & Chief Executive Officer
• Mark Bailey – Chairman of the Board
• Dave Stone – Chief Financial Officer
• Darren Koningen – Chief Operating Officer

The board and management team collectively oversee strategy, risk management, and compliance with Canadian public company governance standards. Leadership philosophy, as reflected in public disclosures, prioritizes cash flow generation, responsible mining practices, and measured growth. Data inconclusive based on available public sources regarding formalized ESG frameworks beyond standard regulatory disclosures.