Mako Mining Corps Announces Share Repurchase Plan Approval

Mako Mining Corp. has received approval from the TSX Venture Exchange to commence a normal course issuer bid (NCIB). This initiative allows Mako to repurchase up to 4,350,450 common shares, representing 5% of its outstanding shares. Purchases under the NCIB can start on December 8, 2025, and conclude by December 7, 2026.

The repurchased shares will be canceled and acquired through the TSXV at market prices. Mako has enlisted Stifel Nicolaus Canada Inc. to manage the purchases. Company leadership believes the current share price undervalues its business prospects and sees the repurchase as a prudent financial decision.

Mako Mining operates in gold mining and development, primarily focusing on the San Albino gold mine in Nicaragua. The company also holds interests in projects in Arizona and Guyana.