Mako Mining Corp. recently signed a mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission. The agreement provides the company and its subsidiary, Stronghold Guyana Inc., with a stability framework covering legal, fiscal and operating conditions for the Eagle Mountain gold project in Guyana.

The agreement is structured as a mineral agreement under Guyana’s Mining Act and provides legal stability for mining licenses, prospecting licenses and authorizations, as well as fiscal terms for 10 years, subject to specific environmental provisions. Following the initial 10-year term, the parties may negotiate modifications in good faith or renew on the same terms and conditions.

The agreement also outlines the company’s commitments regarding environmental initiatives, community development and social programs. Annual funding will begin no later than 24 months from the date of the grant of the mining license or 12 months from the start of production, whichever comes first. In addition, Mako will make an annual contribution to the Ministry of Natural Resources’ Training Centre with funding dedicated to training, capacity building and institutional development.

“The signing of the mineral agreement marks a significant milestone for Eagle Mountain and represents an important step in advancing and de-risking the project by providing greater certainty around key legal and fiscal terms. Equally important, the commitments relating to employment, training, environmental stewardship and community development are closely aligned with Mako’s core values and the approach our teams employ with success across our portfolio of mines and projects,” said Steve Parsons, president of Mako.

Looking ahead, Mako said it remains focused on advancing the permitting and regulatory process required to obtain Environmental Authorization for the project. The Environmental and Social Impact Assessment (ESIA) was submitted to the Guyana Environmental Protection Agency in March 2026, and the public comment period was completed in June 2026. The company anticipates filing the final ESIA, incorporating feedback received from stakeholders and regulatory authorities, during the fourth quarter of 2026, with a permitting decision by the Guyana Environmental Protection Agency thereafter.

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