Mako Mining Corp (MKO) AI Stock Analysis

• Market Cap: C$412.66M
• Dividend Yield: N/A
• Average Volume (3M): 84.06K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 1.08
• Revenue Growth: 56.13%
• EPS Growth: 98.44%
• Country: CA
• Employees: 30
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 79,817,990
• 10 Day Avg. Volume: 144,741
• 30 Day Avg. Volume: 84,055
• PEG Ratio: >-0.01
• Price to Book (P/B): -5.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.77
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: C$5.50 ▲(4.76%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 Business Overview & Revenue Model

Company Description

Mako Mining Corp. operates as a gold mining and exploration company in Nicaragua. The company primarily explores for gold and silver deposits. Its primary asset is the San Albino property located in Nueva Segovia, Nicaragua. The company was formerly known as Golden Reign Resources Ltd. and changed its name to Mako Mining Corp. in November 2018. Mako Mining Corp. was incorporated in 2004 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Mako 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 robust financial performance with substantial revenue and profit growth, efficient cost management, and improved cash flow. The balance sheet shows a low debt-to-equity ratio, strong equity position, and high return on equity. Despite past volatility, the current financial metrics indicate strong financial health.

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
	EBIT
46.96M	22.84M	9.84M	12.46M	-11.29M
	EBITDA
37.83M	23.31M	12.25M	18.99M	-11.87M
	Net Income Common Stockholders
19.15M	6.80M	-11.98M	9.96M	-12.13M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.52M	1.50M	523.00K	1.94M	2.63M
	Total Assets
107.08M	41.81M	45.17M	54.97M	49.43M
	Total Debt
4.97M	7.77M	12.97M	21.73M	16.87M
	Net Debt
-9.55M	6.27M	12.45M	19.79M	14.23M
	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: 5.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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 5.25 is above the 20-day moving average (MA) of 4.95, above the 50-day MA of 4.63, and above the 200-day MA of 3.69, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 71.45 is Negative, neither overbought nor oversold. The STOCH value of 64.83 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MKO	76 Outperform	C$412.66M	11.82	39.70%	―	56.13%	98.44%
ELE	72 Outperform	C$376.02M	62.45	2.36%	―	109.11%	―
OGN	70 Outperform	C$391.46M	100.52	5.89%	―	33.96%	37.86%
IAU	59 Neutral	C$669.90M	―	-38.15%	―	-1.62%	-58.16%
Sector *	51 Neutral	$2.04B	-1.21	-21.10%	3.95%	2.90%	-30.45%
RML	25 Underperform	C$554.61M	―	21.44%	―	―	-49.49%
NFGC		$293.13M	―	-75.61%	―	―	―

Mako Mining Corp Corporate Events

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.

Mako Mining Corp. Strengthens Leadership and Incentive Plan

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 Achieves Record Gold Revenue in Q1 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.

Mako Mining Expands Portfolio with Strategic Acquisition of Moss Mine

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.