Government of Guyana Signs Mineral Agreement with Mako Mining for Eagle Mountain Gold Project

The Government of Guyana through the Ministry of Natural Resources is pleased to announce the signing of a Mineral Agreement between the Government of the Cooperative Republic of Guyana, the Guyana Geology and Mines Commission (GGMC), Mako Mining Corp. and its wholly owned subsidiary, Stronghold Guyana Inc. (collectively, the Company), in respect of the Eagle Mountain Gold Project.

The company has maintained a presence in Guyana for over 10 years and has, through its activities, developed a longstanding relationship with the country and its mining sector. The signing of the Mineral Agreement represents an important milestone in advancing the development of the Eagle Mountain gold resource and reflects the government’s continued commitment to facilitating responsible investment in Guyana’s mining sector.

The agreement establishes a framework governing the legal, fiscal and operating conditions for the project. The company has already commenced preparatory activities and is expected to commence construction by the third quarter of 2027, with gold production currently estimated to commence by the end of 2028, subject to the completion of the requisite regulatory and environmental approvals.