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Mako Mining (TSE:MKO)
:MKO

Mako Mining Corp (MKO) AI Stock Analysis

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Mako Mining Corp

(MKO)

Rating:76Outperform
Price Target:
C$5.50
▲(6.18%Upside)
Mako Mining Corp's strong financial performance and strategic corporate events significantly boost its overall score. The bullish technical indicators further support a positive outlook, though caution is advised due to overbought signals. The valuation remains reasonable, reflecting the company's growth potential. These factors combine to give Mako Mining a solid investment profile in the gold industry.

Mako Mining Corp (MKO) vs. iShares MSCI Canada ETF (EWC)

Mako Mining Corp Business Overview & Revenue Model

Company DescriptionMako Mining Corp (MKO) is a publicly traded gold mining company focused on the exploration, development, and production of gold assets primarily in Central America. The company operates in the mining sector and emphasizes sustainable mining practices and responsible resource management. Its flagship project is the San Albino gold mine in Nicaragua, which is one of the highest-grade open-pit gold mines globally.
How the Company Makes MoneyMako Mining Corp generates revenue through the extraction and sale of gold from its mining operations, primarily at the San Albino mine. The company's revenue model is centered on the production and sale of gold bullion, which is sold to various buyers, including refineries and commodity traders, based on prevailing market prices. Key revenue streams include the direct sale of extracted gold and potential by-products from the mining process. Mako's earnings are significantly influenced by the price of gold in international markets, production efficiency, and operational costs. Additionally, the company may engage in strategic partnerships or joint ventures to optimize resource extraction and expand its operational footprint, although specific partnerships are not detailed.

Mako Mining Corp Financial Statement Overview

Summary
Mako Mining Corp exhibits a strong financial performance with notable revenue growth of 39.6% and improved profitability margins. The balance sheet is stable with low leverage and high return on equity. Cash flow generation is solid, with a significant increase in free cash flow. However, past volatility in financial metrics should be monitored.
Income Statement
84
Very Positive
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
76
Positive
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
72
Positive
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 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
92.08M65.95M63.38M30.93M1.40M
Gross Profit
46.38M24.00M32.38M11.52M728.00K
EBIT
46.38M22.84M-5.53M-833.00K-11.29M
EBITDA
37.83M23.31M14.93M4.80M-11.87M
Net Income Common Stockholders
19.15M6.80M-11.98M9.96M-12.13M
Balance SheetCash, Cash Equivalents and Short-Term Investments
14.52M1.50M523.00K1.94M2.63M
Total Assets
107.08M41.81M45.17M54.12M49.43M
Total Debt
4.97M7.77M15.75M21.73M16.87M
Net Debt
-9.55M6.27M15.22M19.79M14.23M
Total Liabilities
30.16M21.18M31.50M29.00M32.52M
Stockholders Equity
76.92M20.63M13.67M25.12M16.91M
Cash FlowFree Cash Flow
21.57M7.71M7.58M-8.28M-39.09M
Operating Cash Flow
34.45M12.47M16.38M137.00K-9.13M
Investing Cash Flow
-13.19M-4.76M-8.80M-3.86M-28.83M
Financing Cash Flow
-8.23M-6.75M-8.99M3.12M35.30M

Mako Mining Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price5.18
Price Trends
50DMA
4.55
Positive
100DMA
4.21
Positive
200DMA
3.65
Positive
Market Momentum
MACD
0.19
Negative
RSI
69.25
Neutral
STOCH
78.61
Neutral
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 5.18 is above the 20-day moving average (MA) of 4.82, above the 50-day MA of 4.55, and above the 200-day MA of 3.65, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 69.25 is Neutral, neither overbought nor oversold. The STOCH value of 78.61 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSMKO
76
Outperform
C$413.46M11.6639.70%56.13%98.44%
TSELE
74
Outperform
C$348.98M57.962.36%109.11%
TSOGN
70
Outperform
C$394.49M101.305.89%33.96%37.86%
TSIAU
55
Neutral
C$654.14M-38.15%-1.62%-58.16%
51
Neutral
$2.02B-1.14-21.37%3.64%2.88%-30.57%
TSNFG
43
Neutral
$411.55M-75.61%41.94%
TSRML
25
Underperform
C$566.93M21.44%-49.49%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:MKO
Mako Mining Corp
5.18
1.88
56.97%
TSE:OGN
Orogen Royalties
1.93
0.79
69.30%
TSE:ELE
Elemental Royalties
1.42
0.29
25.66%
TSE:RML
Rusoro Mining
0.94
-0.38
-28.79%
TSE:NFG
New Found Gold
2.07
-2.48
-54.51%
TSE:IAU
i-80 Gold Corp
0.88
-0.58
-39.73%

Mako Mining Corp Corporate Events

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Mako Mining Corp Achieves Record Cash Flow and Expands Operations with Moss Acquisition
Positive
Jun 2, 2025

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.

Business Operations and Strategy
Mako Mining Unveils Promising Drill Results at El Golfo, Expands Concessions
Positive
May 21, 2025

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.

Business Operations and Strategy
Mako Mining Reports High-Grade Gold Discoveries at Las Conchitas
Positive
May 14, 2025

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.

Executive/Board ChangesBusiness Operations and Strategy
Mako Mining Corp. Strengthens Leadership and Incentive Plan
Positive
Apr 22, 2025

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.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Mako Mining Achieves Record Gold Revenue in Q1 2025
Positive
Apr 21, 2025

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.

M&A TransactionsBusiness Operations and Strategy
Mako Mining Expands Portfolio with Strategic Acquisition of Moss Mine
Positive
Mar 27, 2025

Mako Mining Corp. has completed the acquisition of the Moss gold mine in Arizona, adding a producing asset to its portfolio. The acquisition was achieved at a net cash cost of approximately US$2.0 million, significantly lower than Mako’s current monthly cash flow, and was facilitated by cash inflows from gold and silver production and the release of collateral for environmental bonds. This strategic move positions Mako to capitalize on high gold prices and enhance its operational capabilities in a top-tier jurisdiction.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.