Mako Mining Finalizes Mineral Agreement for Eagle Mountain Gold Project in Guyana
Mako Mining has finalized a mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission for its Eagle Mountain Gold Project. The project, located approximately 200 km southwest of Georgetown, is an advanced-stage open-pit gold development covering around 5,050 hectares. Mako holds full ownership through its subsidiary Stronghold Guyana. The agreement provides legal stability over a ten-year period and outlines fiscal terms aligned with existing mineral agreements in the country. It includes provisions for royalties, taxes, environmental requirements, community development contributions, and prioritization of local labor and services. The company expects to submit the final Environmental and Social Impact Assessment by Q4 2026 after incorporating stakeholder feedback. Mako's president emphasized that this agreement is a significant milestone in advancing the project with greater certainty around legal and fiscal terms while aligning with Mako’s values of environmental stewardship, employment, training, and community development.
Topics: gold project Guyana mining regulatory agreement