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Mako refinances debt with US$8M gold loan

Mako Mining has entered into a loan agreement with Sailfish Royalty for an US$8 million gold-linked loan to refinance its short-term debt. Sailfish and Mako are both entities controlled by shareholder Wexford Capital.

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Mako Mining's San Albino in Nicaragua

The unsecured gold-linked loan will be used to refinance about $6.2 million in outstanding principal and accrued interest owed to Nebari under a 2021 credit agreement. It will also repay $1.