Impact: Mildly Positive
Mako Mining provided a positive corporate update including a drill hole (assays pending) that has the potential to materially expand the San Albino pit. Additionally, the company announced a reduction in its liabilities at its La Trinidad operations, which are in the process of being wound down. In our view, we expect the stock to progressively re-rate as it adds ounces with the drill bit and marches towards production in H2/20.