Mako Mining to Acquire Moss Mine in Arizona for $6.4M …

Mako Mining has entered into of a non-binding letter of intent to acquire 100 percent of the issued and outstanding common shares of EG Acquisition (EGA), a recently created private …

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Mako Mining To Acquire Moss Mine In Arizona For $6.4M …

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Mako Mining has entered into of a non-binding letter of intent to acquire 100 percent of the issued and outstanding common shares of EG Acquisition (EGA), a recently created private …

miningconnection.com

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Mako Mining Intends To Buy EG Acquisition - MSN

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Mako CEO Akiba Leisman said: “The acquisition of the producing Moss gold mine in Arizona, after the elimination of over $60m of existing liabilities associated with the mine, for a base …

msn.com

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Mako To Acquire Moss Gold Mine In Arizona - MineListings.com

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2 days ago · Mako Mining (TSXV: MKO; OTCQX: MAKOF) this week said it intends to acquire 100% of the Moss gold mine in Arizona from EG Acquisition, an entity established by Mako’s …

minelistings.com

FAQs about Mako Mining to Acquire Moss Mine in Arizona for $6.4M … Coupon?

Is Mako mining acquiring Moss mine?

Mako Mining Corp (TSE:MKO) has released an update. Mako Mining Corp has announced plans to acquire the Moss Mine in Arizona, aiming to expand its operations in the Americas. The transaction involves a cash payment and could close by February 2025, allowing Mako to restart mining operations at the Moss site. ...

What is Mako Mining Corp?

Mako Mining Corp. is a gold focused junior, emerging mid-tier producer with two mines in development in Nicaragua and the USA, and two exploration properties. They have approximately 0.8Moz. of gold in the reserves and resources category, of which 0.3Moz. are in the measured and indicated category. ...

Will EGA acquire Moss gold mine?

It is anticipated that EGA will complete the acquisition of the Moss gold mine on December 31 st, 2024 through its acquisition of 100% of the common shares of Golden Vertex Corp. (" GVC ") which holds direct ownership of the Moss gold mine. Each of EGA and GVC will become wholly owned subsidiaries of Mako as a result of the Proposed Transaction. ...

Does Mako own a gold mine?

Mako currently operates the high-grade San Albino Mine in northern Nicaragua and owns the Eagle Mountain project in Guyana. Over the last quarter, even after an extensive drill program at both properties, the cash and gold in sales receivables balance in Mako has increased by over US$ 6 million to nearly US$ 13 million at year end. ...

Will Mako mining acquire EG acquisition (EGA)?

G old mining, development and exploration company Mako Mining has signed a nonbinding letter of intent to acquire a 100% stake in EG Acquisition (EGA). ...

Will Mako reopen its mining operations in 2025?

The transaction involves a cash payment and could close by February 2025, allowing Mako to restart mining operations at the Moss site. This strategic move comes as Mako looks to optimize production and capitalize on increased cash flow from its current operations. ...