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Nov 11, 2026 News
(Kaieteur News) – Canadian company Mako Mining Corporation is targeting first production at its Eagle Mountain gold project in Region Eight (Potaro-Siparuni) by 2028, as the company expecting to secure key environmental and construction permits in the coming months.
The company’s Chief Executive Officer (CEO), Akiba Leisman, disclosed this during an interview with Charlando in English, where he outlined the remaining regulatory requirements and preparatory works ahead for the development of the project.
查看配图:Mako Mining targets 2028 production at Eagle Mountain gold project
Chief Executive Officer (CEO) of Mako Mining, Akiba Leisman.
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.
During the interview, Leisman said Mako submitted its draft Environmental and Social Impact Assessment (ESIA) to the Environmental Protection Agency (EPA) at the end of April and has since received some minor comments from the relevant authorities.
“We’ve gotten some minor comments back on that. So hopefully we can address those and get our final ESIA up and ready and approved as early as this calendar year,” he explained.
He outlined that approval of the final ESIA could pave the way for the company to obtain its full construction permit from the Government of Guyana as early as the first quarter of 2027.
Leisman added that while the permitting process is ongoing, Mako has already begun spending on preliminary construction-related activities in Guyana. He explained that these include engineering work associated with the deposit, as well as repairs to roads and bridges needed to facilitate the transportation of heavy equipment to the project site.
查看配图:Mako Mining targets 2028 production at Eagle Mountain gold project
File photo of development of Eagle Mountain Gold Project.
However, he cautioned that obtaining the necessary permits by March 2027 would not necessarily mean that major construction could begin immediately. The CEO explained that Mako is currently coordinating the development of Eagle Mountain with work at its Mount Hamilton project, which must reach approximately 80% completion before Mako can commit the necessary capacity to undertake major construction at Eagle Mountain.
“So even if we do get this thing fully permitted in March next year, which is theoretically possible, it’s not like we can actually do the major things on this until late Q3 of next year, like around this time regardless,” Leisman said.
In September, 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.
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 a 2024 Preliminary Economic Assessment (PEA).
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