Mako Mining Corp (MKO) AI Stock Analysis

• Market Cap: C$461.19M
• Dividend Yield: N/A
• Average Volume (3M): 70.25K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 1.22
• Revenue Growth: 56.13%
• EPS Growth: 98.44%
• Country: CA
• Employees: 30
• Sector: Basic Materials
• Sector Strength: 72
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 90,076,160
• 10 Day Avg. Volume: 90,508
• 30 Day Avg. Volume: 70,248
• PEG Ratio: 0.67
• Price to Book (P/B): 3.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.19
• Enterprise Value/Market Cap: 0.65
• Enterprise Value/Revenue: 0.89
• Enterprise Value/Gross Profit: 6.43
• Enterprise Value/Ebitda: 1.76
• 1Y Price Target: C$5.50
• Price Target Upside: 7.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 77 Outperform
• Price Target: C$6.50 ▲(26.95%Upside)

Mako Mining Corp's strong financial performance and positive corporate events drive a high overall score. The bullish technical indicators further support a favorable outlook, though valuation and overbought technical signals suggest monitoring potential risks.

Mako Mining Corp Business Overview & Revenue Model

Company Description

Mako Mining Corp (MKO) is a publicly traded gold mining company focused on the exploration, development, and production of precious metals. The company primarily operates in the mining sector and is dedicated to maximizing shareholder value through the successful extraction and sale of gold. Mako Mining Corp is committed to sustainable and responsible mining practices, ensuring minimal environmental impact while contributing to the economic development of the regions in which it operates.

How the Company Makes Money

Mako Mining Corp generates revenue through the extraction and sale of gold and other precious metals. The company's primary revenue stream comes from the production output of its mining operations, where extracted gold is processed and sold in the open market. Mako Mining Corp may also engage in strategic partnerships or joint ventures with other mining companies to enhance its mining capabilities and efficiency, thus potentially increasing its revenue. The company focuses on cost-effective mining techniques and aims to optimize its production processes to ensure profitability even during periods of fluctuating gold prices.

Mako Mining Corp Financial Statement Overview

Summary

Mako Mining Corp shows strong financial performance with significant revenue growth, impressive profit margins, and robust cash flow generation. The low debt-to-equity ratio indicates financial stability, although the historical volatility in financial metrics should be monitored.

Income Statement

Mako Mining Corp's income statement shows a strong performance with a significant revenue growth of 39.6% in 2024 compared to 2023. The gross profit margin improved to 50.4%, indicating efficient cost management. Net profit margin increased to 20.8%, reflecting enhanced profitability. EBIT and EBITDA margins were robust at 50.4% and 41.1% respectively, demonstrating operational efficiency. The company has shown consistent revenue and profit growth, contributing to a high score.

Balance Sheet

The balance sheet of Mako Mining Corp reflects a stable financial position with a low debt-to-equity ratio of 0.06, indicating low leverage. The equity ratio of 71.8% suggests a strong capital structure. Return on equity is notably high at 24.9%, showing effective utilization of shareholder funds. However, the increase in total assets and liabilities warrants close monitoring. The overall stability and strong equity position enhance the score.

Cash Flow

Cash flow analysis reveals a substantial improvement with a free cash flow growth rate of 179.9% in 2024. The operating cash flow to net income ratio is 1.8, and the free cash flow to net income ratio is 1.1, indicating strong cash generation relative to net income. Despite past fluctuations, the current cash flow metrics show a solid financial footing, resulting in a favorable score.

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

Mako Mining Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MKO, the sentiment is Positive. The current price of 5.12 is below the 20-day moving average (MA) of 5.20, above the 50-day MA of 5.11, and above the 200-day MA of 4.02, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 46.87 is Neutral, neither overbought nor oversold. The STOCH value of 10.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MKO.

Mako Mining Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MKO	77 Outperform	C$461.19M	11.53	39.70%	―	56.13%	98.44%
OGN	76 Outperform	C$105.07M	22.93	5.89%	―	33.96%	38.35%
ELE	73 Outperform	C$523.47M	86.94	2.36%	―	109.11%	―
IAU	52 Neutral	C$688.14M	―	-38.15%	―	-1.62%	-58.16%
Sector *	44 Neutral	C$980.66M	-6.79	-13.68%	1.76%	17.37%	-32.98%
NFG	43 Neutral	$551.37M	―	-75.61%	―	―	41.94%
RML	25 Underperform	C$630.10M	―	21.44%	―	―	-49.49%

Mako Mining Corp Corporate Events

Mako Mining Reports Record Gold Revenue and Cash Increase in Q2 2025

Mako Mining Corp announced record gold revenue of $38.1 million for Q2 2025, with a significant increase in cash reserves by $18.2 million, highlighting the profitability of its mining operations. The company plans to use this cash to advance its Eagle Mountain project in Guyana, indicating strong future growth potential.

Mako Mining Corp. Acquires Elevation Debt and Eyes Nasdaq Listing

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 Recovers Moss Mine Acquisition Cost, Plans July Restart

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 Achieves Record Cash Flow and Expands Operations with Moss Acquisition

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 Unveils Promising Drill Results at El Golfo, Expands Concessions

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 Reports High-Grade Gold Discoveries at Las Conchitas

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.