Mako Mining Completes Acquisition of Moss Mine, Arizona
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Mako Mining has completed the acquisition of the Moss Gold Mine located in the historic Oatman District in Arizona.
The acquisition was completed March 26, 2025, between Mako Mining as buyer and Wexford EG Acquisition as vendor
The aggregate purchase price for the acquisition was $6.49 million, paid in cash, reflecting Wexford’s approximate acquisition and closing costs of $4.9 million plus $1.59 million of equity contributions made by Wexford to cover initial operational costs at the beginning of January 2025.
“Mako now adds a producing asset located in a top tier jurisdiction to its portfolio of mineral properties purchased with a small fraction of cash flow from our operations. The Moss mine has continued to produce gold through its beneficiation facilities, with mining having been recently restarted after a temporarily suspension at the beginning of the bankruptcy process,” said Mako CEO Akiba Leisman.
“Over the course of the next few months we will continue to debottleneck the mine to take full advantage of record high gold prices,” added Leisman.
Mako currently operates the high-grade San Albino Mine in northern Nicaragua and owns the Eagle Mountain Project in Guyana.
Mako Mining is a publicly listed gold mining, development, and exploration company. The company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako’s primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package. The company also owns 100 percent of the gold project Eagle Mountain in Guyana, South America.
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