Mako Mining Stock Drops as Gold Prices Come Under Pressure

Mako Mining Corp.'s shares dropped by 6.11% on September 28, 2023, as gold prices came under pressure due to expectations of elevated interest rates.

The decline was part of a broader weakness in mining equities, with trading volume rising significantly from the previous session, indicating stronger selling activity.

Mako's underlying business remains strong, driven by its producing gold operations at San Albino in Nicaragua and Moss in Arizona, as well as development assets in Nevada and Guyana.