Mako Mining Secures 10-Year Fiscal Terms for Guyana Gold Project
Mako Mining finalized a ten-year stability agreement for its Eagle Mountain project in Guyana, locking in fiscal and legal terms for the 5,050-hectare open-pit development.
Mako Mining finalized a ten-year mineral agreement with the Government of Guyana. The deal covers the Eagle Mountain Gold Project in west-central Guyana. It provides legal and fiscal stability for the next decade.
The project spans 5,050 hectares. It is located 200 kilometers southwest of Georgetown. Mako holds a 100% interest through its subsidiary, Stronghold Guyana.
Fiscal Terms Aligned With National Standards
The agreement structures royalties and taxes according to the Mining Act. Terms match existing mineral agreements in the country. It mandates the prioritization of local labor and goods.
Mako committed to annual community and environmental funding. Contributions start within 24 months of licensing. They also begin within one year of production start.
Permitting Process Enters Final Stage
The company submitted an Environmental and Social Impact Assessment in March 2026. The public comment period closed in June 2026. A final filing is expected in the fourth quarter of 2026.
Regulatory approval will follow the final assessment. President Steve Parsons called the signing a de-risking milestone. It provides certainty on key legal terms.
Project Location and Operational Scope
Eagle Mountain is an advanced-stage open-pit development. It sits 8 kilometers from Mahdia. The site is ready for the next regulatory steps.
GN markets/commodities (en-US) reports that the framework allows for renewal after ten years. The terms remain fixed for the initial period.
