Mako Mining Corp. Announces Leadership Change and Incentive Grants

Mako Mining Corp., a prominent player in the gold mining sector, has announced the appointment of Steve Parsons as its new President. Parsons, who previously served as an Officer of Goldsource Mines Inc., steps into this role following Mako's acquisition of Goldsource in July 2024.

In addition to the leadership change, Mako Mining has granted 740,000 stock options under its Omnibus Incentive Plan. These options will vest in equal portions over four years, with an exercise price of C$4.47. Furthermore, 502,785 restricted share units have been issued with a restriction period ending in 2028.

The company has also allocated 145,000 deferred share units to directors, which will vest upon termination of service. These decisions are part of Mako's strategy to align the interests of its executives and key stakeholders with long-term company performance.