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Mako Mining Corp ( (TSE:MKO) ) just unveiled an announcement.
On March 24, 2026, Mako Mining Corp. completed the acquisition of 100% of the legal registered membership interests of Mt. Hamilton LLC, owner of the Mt. Hamilton gold project in Nevada, USA, from Sailfish Royalty Corp. The deal, approved by Mako shareholders on March 3, 2026, further expands Mako’s North American gold asset base and adds another U.S. project to its portfolio.
The US$40 million purchase price will be paid through a gold stream under an amended and restated gold purchase agreement, with Sailfish to receive defined monthly ounces at 20% of the London Bullion Market Association PM Fix price over initial and final multi‑year periods. Because both companies are controlled by Wexford Capital LP, the transaction was treated as a related party deal under MI 61‑101, though Mako relied on exemptions from formal valuation and minority approval requirements due to the transaction’s size relative to its market capitalization.
Stifel Canada advised a special committee of Mako on the transaction for a C$100,000 fee, while Cassels Brock & Blackwell LLP and Spencer Fane LLP acted as Canadian and U.S. legal counsel, respectively. The completed acquisition strengthens Mako’s growth pipeline, potentially enhancing its long‑term production profile and strategic positioning in the gold mining sector, while placing secured, first‑ranking claims over Mt. Hamilton‑related assets in favor of Sailfish as part of the streaming structure.
The most recent analyst rating on (TSE:MKO) stock is a Buy with a C$12.00 price target. To see the full list of analyst forecasts on Mako Mining Corp stock, see the TSE:MKO Stock Forecast page.
Spark’s Take on MKO Stock
According to Spark, TipRanks’ AI Analyst, MKO is a Outperform.
The score is driven primarily by strong financial performance (growth, profitability, low leverage, and cash flow strength). Technicals are bullish but look overextended (very high RSI/Stoch), which tempers the rating. Valuation is a relative headwind due to a higher P/E and lack of dividend yield data.
To see Spark’s full report on MKO stock, click here.
More about Mako Mining Corp
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. It operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, owns the Moss Mine open pit gold operation in northwestern Arizona, and holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, which is advancing through engineering, environmental and permitting work.
Average Trading Volume: 178,804
Technical Sentiment Signal: Buy
Current Market Cap: C$718.7M
For an in-depth examination of MKO stock, go to TipRanks’ Overview page.