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Mako Mining Corp ( (TSE:MKO) ) just unveiled an announcement.
Mako Mining Corp announced a significant financial move with a C$35 million bought deal private placement of common shares, alongside a concurrent C$15 million non-brokered private placement. This initiative is aimed at raising a total of C$50 million, which will be used to ramp up operations at the Moss Mine, construct development assets, and for general working capital. The offering is expected to close by October 28, 2025, pending necessary regulatory approvals. This strategic financial maneuver is crucial for Mako Mining’s operational expansion and could strengthen its position in the mining industry.
The most recent analyst rating on (TSE:MKO) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Mako Mining Corp stock, see the TSE:MKO Stock Forecast page.
Spark’s Take on TSE:MKO Stock
According to Spark, TipRanks’ AI Analyst, TSE:MKO is a Outperform.
Mako Mining Corp’s overall stock score is driven by its strong financial performance and positive technical indicators. The company’s stable balance sheet and efficient operations contribute significantly to its score. However, the valuation is moderate, and technical indicators suggest caution due to potential overbought conditions.
To see Spark’s full report on TSE:MKO stock, click here.
More about Mako Mining Corp
Mako Mining Corp is a company involved in the mining industry, focusing on the extraction and development of mineral resources. The company is primarily engaged in operations related to the Moss Mine and other development assets.
Average Trading Volume: 90,414
Technical Sentiment Signal: Buy
Current Market Cap: C$687.3M
For an in-depth examination of MKO stock, go to TipRanks’ Overview page.