Mako Mining Enters Gold Purchase Agreement with Sailfish Royalty

Mako Mining Corp. has entered into a non-binding letter of intent with Sailfish Royalty Corp. to sell a corporate-level gold stream. The proposed deal involves Sailfish purchasing refined gold from Mako over a 240-month term. The payment price will be 25% of the London Bullion Market Association PM Fix price on the date of delivery. In return, Sailfish will issue 70 million common shares to Mako at $5.76 per share. The deal aims to lower Mako's cost of capital and facilitate shareholder returns and accretive acquisitions.