Mako Mining Completes Acquisition of Moss Mine in Arizona
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Mako Mining Corp. has completed the acquisition of the Moss gold mine in Arizona's historic Oatman District for $6.49 million. The purchase was made through a transaction involving Wexford Capital LP, with the effective net acquisition cost reduced to approximately $2.0 million after gold and silver production and collateral release. The mine has already produced 1,593 ounces of gold and 11,023 ounces of silver valued at around $4.8 million since December 2024.
March 27, 2025 | 11:00 am
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POSITIVE IMPACT
Acquisition of Moss mine adds a producing asset in Arizona, potentially enhancing Mako's revenue and operational diversification.
The acquisition of a producing gold mine at a low net cost, combined with existing gold production and potential for operational improvements, suggests positive short-term potential for MAKOF stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100