Impact: Positive
Mako Mining Corp. released more high-grade results from its infill drill program at its wholly owned San Albino gold project in Nueva Segovia, Nicaragua. It appears that this infill program is continuing to add ounces at higher grades. The open pit project is currently in construction and is roughly 25% complete. In our view, the market is undervaluing the cash generating potential and exploration upside that Mako has, we expect the stock to re-rate with additional exploration success as first production approaches in H2/20.
