The Chinese translation is being made; the original is shown for now.
Oct 22, 2026 News
…enters contract for road upgrades
(Kaieteur News) – Canadian mining company Mako Mining Corp. is anticipating approval for its final Environmental and Social Impact Assessment (ESIA) for its Eagle Mountain Gold Project in Guyana shortly after submitting a revised document in the fourth quarter of 2026.
The Eagle Mountain Gold Project is located in Region Eight (Potaro-Siparuni). The Eagle Mountain Prospecting Licence (EMPL), covers approximately 48 square kilometres (km²). The project has two gold deposits, the Eagle Mountain and Salbora, as well as several other exploration targets.
Mako said in early October the Guyana Environmental Protection Agency (EPA) provided their comments on the draft ESIA, identifying areas requiring additional detail or clarification. “The company and lead ESIA consultants expect to submit the final ESIA in the fourth quarter of 2026 with approval shortly thereafter,” Mako said.
In its recently published third quarter report, Mako disclosed that exploration and technical activities at the project accelerated significantly following the mobilization of a contractor drill rig and the onset of the dry season.
查看配图：Mako Mining targets Q4 environmental assessment submission, approval shortly after
It was also stated that total of 54 drill holes totaling 4,467 meters were completed during the quarter, compared to 45 holes totaling 2,253 meters during the first six months of 2026. Mako said the reporting period drilling activities support ongoing engineering, resource evaluation, and project development planning.
“Pre-development activities continued during Q3 2026, including the completion of bridge surveys, site preparation, and construction-readiness planning,” the company said. It was also disclosed that Mako entered into a contract for upgrades to the camp access road, with work scheduled to commence this month.
On September 10, 2026, Mako announced the execution of a mineral agreement with the Government of Guyana and the Guyana Geology and Mines Commission (GGMC). The agreement provides the company and its 100%-owned subsidiary, Stronghold Guyana Inc., with a stability framework covering legal, fiscal and operating conditions for the Eagle Mountain Gold Project.
The agreement is structured as a mineral agreement under Guyana’s Mining Act and provides legal stability for mining licences, prospecting licences, authorisations as well as fiscal terms for 10 years, subject to specific environmental provisions.
The initial 10-year term, the parties may negotiate modifications in “good faith or renew” on the same terms and conditions. It was further stated that terms related to royalties, taxes, protections, government undertakings and company commitments in respect of training and the prioritisation of qualified Guyanese workers, goods, services and contractors are consistent with current standard terms as established in prior mineral agreements in Guyana.
This publication reported the Eagle Mountain project came under the control of Mako Mining following its acquisition of Goldsource Mines Inc. in July 2024.
Through the takeover, Mako inherited a Mineral Resource Estimate (MRE) of approximately 1.2 million ounces of gold in the indicated category and 582,000 ounces in the inferred category. The project is planned for an open pit gold mine over a 15-year period and is expected to produce 66,500 ounces of gold annually.
According to the Eagle Mountain gold project Environmental Impact Assessment (EIA) published by EPA, the company will rely on up to six flights per week to support operations. Gold doré bars produced at the project’s processing plant will be transported by air either from the Mahdia airstrip or from the project site to Georgetown. From there, it is expected that the doré will be exported to foreign refineries pursuant to standard terms and conditions of Mineral Agreements with the Government of Guyana.
Notably, Stronghold Guyana also holds the Kilroy Mining Medium-scale permit, which covers an area of 252 hectares.
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.