San Albino Mine

Overview

The San Albino Mine, located in the Nueva Segovia Department of Nicaragua approximately 227 km north of Managua and near the Honduran border, is a fully permitted and operating gold mining project owned and operated by Mako Mining Corp. through its subsidiaries. The operation centers on the high-grade San Albino deposit, with additional near-mine potential at Las Conchitas, and is supported by a consolidated land package of four contiguous concessions totaling ~18,817 hectares, all 100% controlled by Mako. San Albino represents a strategically valuable, cash-flow-generating asset with near-term expansion upside in a historically productive gold district.

Processing and Other Key Metrics

Plant Type	Miling Plan/Gravity + CIL Recovery
Plant Capacity	500 tpd (with capacity to expand 1000tpd)
Avg. Grade Fed To Mill	7.0 g/t (2)
Au Recovery	80% (2)
Avg. Annual Productoin Au	~37K oz Au (2)

(2) Average Operating Results Obtained from 2022-2025

Mineral Resources

San Albino Project: Open Pit and Underground Dumps, effective date October 11, 2023

All Measured
Cut-off	Tonnes	g Au/t	Oz Au	g Ag/t	Oz Ag
variable	47,200	9.88	15,000	17.8	27,000
All Indicated
Cut-off	Tonnes	g Au/t	Oz Au	g Ag/t	Oz Ag
variable	622,900	11.74	235,200	16.4	328,000
All Measured and Indicated
Cut-off	Tonnes	g Au/t	Oz Au	g Ag/t	Oz Ag
variable	670,100	11.61	250,200	16.5	355,000
All Inferred
Cut-off	Tonnes	g Au/t	Oz Au	g Ag/t	Oz Ag
variable	383,300	10.54	129,900	14.8	182,600

Note: Variable cutoffs are 1.5g Au/t for open pit and 4.0g Au/t for underground

 

Las Conchitas Deposit: Open Pit, Underground and Dump Resources, effective date October 11, 2023

All Measured and Indicated
Cut-off	Tonnes	g Au/t	Oz Au	g Ag/t	Oz Ag
variable	371,300	11.50	137,300	13.3	158,300
All Inferred
Cut-off	Tonnes	g Au/t	Oz Au	g Ag/t	Oz Ag
variable	142,500	10.56	48,400	13.8	63,400

Note: Variable cutoffs are 1.5g Au/t for open pit and 4.0g Au/t for underground

Technical Reports

Gallery