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The latest update is out from Mako Mining Corp ( (TSE:MKO) ).
Mako Mining Corp. has acquired approximately $49.5 million in debt from Elevation Gold Mining Corporation for $1.8 million in cash, positioning itself as the principal secured creditor. This strategic move is expected to consolidate control over litigation related to the Moss gold mine and potentially reduce contingent liabilities. Additionally, Mako is pursuing a listing on the Nasdaq to access a broader investor base and improve trading liquidity. The company also announced a board change with Asheef Lalani joining as a new member, bringing significant financial expertise.
Spark’s Take on TSE:MKO Stock
According to Spark, TipRanks’ AI Analyst, TSE:MKO is a Outperform.
Mako Mining Corp’s strong financial performance, supported by positive technical indicators and strategic corporate events, drives a high overall score. The solid financials and strategic initiatives position the company well for future growth. The technical analysis supports the stock’s current momentum. However, valuation considerations and the absence of a dividend yield slightly temper the score.
To see Spark’s full report on TSE: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, and the Moss Mine in Arizona. Mako also holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, South America.
Average Trading Volume: 74,699
Technical Sentiment Signal: Buy
Current Market Cap: C$415.9M
See more insights into MKO stock on TipRanks’ Stock Analysis page.