Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 92.08M | 65.95M | 63.38M | 30.93M | 1.40M |
Gross Profit | 46.38M | 24.65M | 12.04M | 11.52M | 437.71K |
EBITDA | 37.83M | 23.31M | 12.25M | 18.99M | -11.87M |
Net Income | 19.15M | 6.80M | -11.98M | 9.96M | -12.13M |
Balance Sheet | |||||
Total Assets | 107.08M | 41.81M | 45.17M | 54.97M | 49.43M |
Cash, Cash Equivalents and Short-Term Investments | 14.52M | 1.50M | 523.00K | 1.94M | 2.63M |
Total Debt | 4.97M | 7.77M | 12.97M | 21.73M | 16.87M |
Total Liabilities | 30.16M | 21.18M | 31.50M | 29.00M | 32.52M |
Stockholders Equity | 76.92M | 20.63M | 13.67M | 25.97M | 16.91M |
Cash Flow | |||||
Free Cash Flow | 21.57M | 7.71M | 7.58M | -8.28M | -39.09M |
Operating Cash Flow | 34.45M | 12.47M | 16.38M | 137.00K | -9.13M |
Investing Cash Flow | -13.19M | -4.76M | -8.80M | -6.30M | -28.83M |
Financing Cash Flow | -8.23M | -6.75M | -8.99M | 3.12M | 35.30M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
77 Outperform | C$419.92M | 11.82 | 39.70% | ― | 56.13% | 98.44% | |
74 Outperform | C$405.94M | 104.15 | 5.89% | ― | 33.96% | 37.86% | |
69 Neutral | C$481.69M | 80.00 | 2.36% | ― | 109.11% | ― | |
48 Neutral | C$672.92M | ― | -38.15% | ― | -1.62% | -58.16% | |
44 Neutral | C$992.05M | -6.68 | -13.59% | 2.53% | 17.48% | -32.48% | |
25 Underperform | C$702.51M | ― | 21.44% | ― | ― | -49.49% | |
$290.48M | ― | -75.61% | ― | ― | ― |
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.
Mako Mining Corp. has announced the full recovery of its US$6.4 million acquisition cost for the Moss Mine in Arizona, achieved through cash flow from residual leaching and a return of collateral from Trisura Guarantee Insurance Company. The company plans to restart gold mining activities at the Moss Mine in early July, with steady-state production expected by the end of Q4 2025. Mako’s cash balance has increased to US$27.4 million, bolstered by strong operations at its San Albino mine in Nicaragua. The cash flow will support exploration and the construction of the Eagle Mountain Project in Guyana, significantly derisking its funding.
Mako Mining Corp reported strong financial results for the first quarter of 2025, with record mine operating cash flow of $19.9 million and net income of $9.4 million. The acquisition of the Moss gold mine contributed to increased production and revenue, despite higher cash costs and all-in sustaining costs. The company’s robust financial performance and strategic acquisition position it well for future growth, including the development of the Eagle Mountain project in Guyana.
Mako Mining Corp has announced promising initial results from its inaugural drill campaign at the El Golfo area within the El Jicaro Concession in Nicaragua. The drilling revealed a high-grade gold interval, indicating significant exploration potential in the region. The El Golfo area, historically mined since the 18th century, is now being explored for the first time in 15 years, with the company optimistic about its potential to become a new mining area. Additionally, Mako Mining has been granted a new concession, Tiburon, expanding its exploration and exploitation rights in the region.
Mako Mining Corp has announced significant exploration results from its ongoing drill program at Las Conchitas in northern Nicaragua. The results, which include high-grade gold intersections, highlight the potential for both open-pit and underground mining methods in the area. Las Conchitas has been a profitable mining area since gold extraction began in July 2023, supplementing production from the San Albino area. The company aims to expand its mining operations and improve its understanding of gold distribution, with additional drilling planned to delineate potential mining areas.
Mako Mining Corp. announced the appointment of Steve Parsons as President, following his role at the company’s subsidiary, Goldsource Mines Inc. The company has also granted stock options and share units to its executive officers, employees, and directors under its Omnibus Incentive Plan. These moves are aimed at strengthening the company’s leadership and aligning employee incentives with long-term growth objectives.
Mako Mining Corp reported record gold revenue of $31.5 million for Q1 2025, driven by strong production results from its San Albino gold mine and the acquisition of the Moss Mine. The company mined 48,813 tonnes containing 11,495 ounces of gold and 12,036 ounces of silver, with significant contributions from both diluted vein material and historical dumps. The high gold prices have positively impacted Mako’s financials, enabling further investment in exploration and project development, particularly the Eagle Mountain project in Guyana. The company’s strategic moves, including the Moss Mine acquisition, position it well for future growth and expansion.