Junior gold producer Mako Mining is looking at other acquisition opportunities, having completed the acquisition of Goldsource Mines in July for the Eagle Mountain gold development project in Guyana for C$25.4 million in stock, chief executive Akiba Leisman told Mining Journal at the 2024 Precious Metals Summit in Beaver Creek in Colorado, US.
The PEA outlined a phased development approach to initially focus on saprolite resources and a shallow open pit with a 15-year mine life to produce an average of 66,500ozpa for 15 years. The initial phase has an estimated capital requirement of US$95.6 million.‘A kickass project'Eagle Mountain hosts an April resource of 31.1Mt grading 1.18gpt gold for 1.2Moz. However, the 15-year mine plan was based on an in-pit resource of 1.2Moz.