Top Page
Mako Mining Corp
(MKO)
Mako Mining Corp (MKO) vs. S&P 500 (SPY)
Mako Mining Corp Business Overview & Revenue Model
Mako Mining Corp Financial Statement Overview
| 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 | 24.00M | 32.38M | 11.52M | 728.00K | EBIT |
| 46.38M | 22.84M | -5.53M | -833.00K | -11.29M | EBITDA |
| 37.83M | 23.31M | 14.93M | 4.80M | -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 | 54.12M | 49.43M | Total Debt |
| 4.97M | 7.77M | 15.75M | 21.73M | 16.87M | Net Debt |
| -9.55M | 6.27M | 15.22M | 19.79M | 14.23M | Total Liabilities |
| 30.16M | 21.18M | 31.50M | 29.00M | 32.52M | Stockholders Equity |
| 76.92M | 20.63M | 13.67M | 25.12M | 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 | -3.86M | -28.83M | Financing Cash Flow |
| -8.23M | -6.75M | -8.99M | 3.12M | 35.30M |
Mako Mining Corp Technical Analysis
Mako Mining Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$351.28M | 11.57 | 38.08% | ― | 41.71% | 168.51% | |
79 Outperform | C$360.95M | 120.13 | 4.61% | ― | 19.40% | -6.88% | |
70 Outperform | C$353.90M | 116.10 | -0.17% | ― | 41.27% | 91.19% | |
49 Neutral | $1.95B | -1.27 | -21.38% | 3.72% | 0.83% | -29.30% | |
45 Neutral | C$390.16M | ― | -30.59% | ― | -6.60% | -35.75% | |
43 Neutral | $314.95M | ― | -76.48% | ― | ― | 41.94% | |
25 Underperform | C$369.74M | ― | 21.44% | ― | ― | -49.49% |
Mako Mining Corp Corporate Events
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.
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 reflects strong financial performance, positive technical trends, and strategic corporate events. The company’s significant revenue and profit growth, operational efficiency, and attractive valuation are key strengths. The recent acquisition of the Moss Mine and positive drilling results further enhance growth potential, outweighing any valuation concerns. The technical indicators support a positive outlook, though investors should be aware of potential overbought conditions.
To see Spark’s full report on TSE:MKO stock, click here.
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.
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 reflects a combination of strong financial performance, positive technical trends, and strategic corporate events. The company’s robust revenue growth and operational efficiency are key strengths, while technical indicators support a positive outlook. The recent acquisition and positive drilling results further enhance growth potential, outweighing valuation concerns due to the low P/E ratio.
To see Spark’s full report on TSE:MKO stock, click here.
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.
Mako Mining Corp. has received conditional approval from the TSX Venture Exchange for its acquisition of the Moss Mine in Arizona. The acquisition involves purchasing 100% of EG Acquisition LLC’s shares, which has been managing the Moss Mine since December 2024. The mine has continued its gold and silver sales, generating significant revenue that exceeds initial cash infusions for maintenance. The acquisition is expected to benefit Mako by accruing net cash flow from recent sales and receiving cash collateral from renegotiated environmental bonds, effectively reducing the purchase price.
Mako Mining Corp has completed a geotechnical drilling program at its Eagle Mountain Gold Project in Guyana. The drilling results show promising gold grades at both the Eagle Mountain and Salbora deposits, with intersections aligning or exceeding resource model expectations. These results are expected to positively impact the project’s economics, especially with the current higher gold prices, enhancing the company’s operational and financial prospects.