Mako Mining, the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission have finalised a mineral agreement for the Eagle Mountain Gold Project.
The arrangement establishes a long-term stability framework covering legal, fiscal and operational terms for the project, which is situated in west-central Guyana, around 200km south-west of Georgetown and 8km from Mahdia.
The Eagle Mountain project is an advanced-stage open-pit development across approximately 5,050 hectares (ha).
Mako holds a 100% interest in the project through its subsidiary, Stronghold Guyana.
Under the mineral agreement, which has been structured according to Guyana's Mining Act, provisions are made for legal stability covering mining and prospecting licences as well as authorisations and fiscal terms over a ten-year period.