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 and accessible via paved highway
- Gold grades typically associated with high-cost underground mining are amenable to low-cost open pit mining at San Albino (1)
- Measured and Indicated mineral resources (Open Pit): 95.4koz @ 9.54 g/t Au (1)
- Inferred mineral resources (Open Pit): 62.0koz @ 8.50 g/t Au (1)
- Permit to construct and operate (up to 500tpd) received September 2017 (announced September 12, 2017)
- Positive metallurgical test results at San Albino with optimized overall gold recoveries ranging from 86.1 to 96.9% (announced December 13, 2019)
- Permit amendment to process up to 1,000tpd received August 2020 (announced August 24, 2020)
- Mining of first four benches containing vein material at San Albino yields 7,734 oz Au at a diluted grade of 17.45 g/t Au (announced April 19, 2021)
- Construction nearing completion with commercial production expected in July 2021 (announced May 20, 2021)
- Please refer to slide 2 of the corporate presentation under “Forward-Looking Statements” for notes and disclaimer regarding technical information from the Updated Mineral Resource Estimate Press Release.