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Home CompaniesMako Mining Corp

Mako Mining Corp

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
10.98 CAD 0.80 ( 7.86%)
Last update at 2026-11-04T20:30:00Z
VOLUME
53974
Market Cap
922.06M
P/E
18.47

Momentum Score

…

Mako Mining Corp. engages in gold mining and exploration activities in Nicaragua. Its primary asset is 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 based in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
10.75
Low
11.02
High
52 Week Price Range
4.29
Low
11.59
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Mako Mining Corp is a junior mineral exploration and development company listed on the TSX Venture Exchange (ticker MKO.V). Its long-term growth drivers include successful exploration results, project advancement through permitting and development, favourable metal prices and strategic financing or joint ventures, which may support resource expansion and value creation for investors.
Material risks include high exploration and development risk, frequent capital raising and shareholder dilution, commodity price volatility and potential political or permitting challenges in jurisdictions where its projects are located.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
10.18
Dividend Yield
-
Revenue TTM
148.47M
Revenue Per Share
1.82
Gross Profit TTM
83.00M
Debt / Equity
0.53
ROE
29.64%
Net Debt
9.43M
ROCE
30.21%
Diluted EPS TTM
0.57

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 54.70M 29.35M 8.88M -9.88M 9.63M
Net income 33.74M 19.15M 6.80M -11.98M 9.96M
Selling general administrative 10.67M 8.50M 6.64M 6.17M 6.31M
Gross profit 75.02M 46.38M 24.00M 32.38M 11.52M
Reconciled depreciation 8.22M 7.70M 13.49M 20.45M 5.63M
Ebit - - 11.93M -5.53M -0.83M
Ebitda - - 25.42M 14.93M 4.80M
Depreciation and amortization - - 13.49M 20.45M 5.63M
Operating income 54.26M 34.28M 22.84M -5.53M -0.83M
Other operating expenses - - 53.64M 68.90M 31.74M
Interest expense 1.01M 0.78M 0.94M 2.32M 1.30M
Tax provision 20.96M 10.20M 2.08M 2.10M 0.50M
Interest income 0.57M 0.05M 0.02M 0.00M 0.13M
Net interest income -0.45M -0.73M -1.32M -2.24M -1.32M
Income tax expense - - 2.08M 2.10M 0.50M
Total revenue 148.47M 92.08M 65.95M 63.38M 30.93M
Total operating expenses 94.21M 57.80M 11.69M 37.91M 12.33M
Cost of revenue 73.45M 45.69M 41.94M 30.99M 19.41M
Total other income expense net 0.88M -4.20M -2.11M -4.36M 10.46M
Net income from continuing ops 33.74M 19.15M 6.80M -11.98M 9.12M
Net income applicable to common shares - - - - 9.12M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 208.44M 107.08M 41.81M 45.17M 54.12M
Other current assets - - 0.86M - 0.28M
Total liab 57.71M 30.16M 21.18M 31.50M 29.00M
Total stockholder equity 150.73M 76.92M 20.63M 13.67M 25.12M
Other current liab - - 0.49M 0.02M 1.04M
Common stock - - 87.87M - 88.26M
Capital stock 162.45M 121.78M 87.87M 88.02M 88.26M
Retained earnings -30.88M -64.01M -81.12M -87.84M -76.50M
Other liab - - - - 1.61M
Other assets - - - - 0.51M
Cash 77.28M 14.52M 1.50M 0.52M 1.94M
Total current liabilities 28.85M 16.60M 9.66M 16.16M 10.01M
Net debt - - 9.43M 12.12M 15.80M
Short term debt - - 3.24M - -
Short long term debt - - - 0.37M 0.37M
Short long term debt total - - 10.92M - -
Other stockholder equity - - 12.55M - 1.75M
Property plant equipment - - - - 43.68M
Total current assets 111.72M 27.37M 16.71M 12.90M 9.93M
Net tangible assets - - - - 25.12M
Short term investments 0.24M - - - -
Net receivables 0.25M 0.32M 0.51M 1.10M 0.04M
Long term debt - 4.81M 7.52M 12.27M 17.38M
Inventory 29.18M 11.09M 13.85M 9.97M 6.86M
Accounts payable 13.72M 10.04M 5.92M 10.90M 4.19M
Accumulated other comprehensive income - - 1.32M - -
Non currrent assets other 16.14M 9.95M 4.56M - -
Non current assets total 96.72M 79.71M 25.09M 32.27M 44.19M
Capital lease obligations 0.07M 0.17M 0.26M 0.34M -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -0.80M -13.19M -4.76M -8.80M -3.86M
Change to liabilities - - - - 0.72M
Total cashflows from investing activities - - - - -3.86M
Net borrowings -8.51M -5.19M - - 2.49M
Total cash from financing activities 30.07M -8.23M -6.75M -8.99M 3.12M
Change to operating activities - - - - -0.43M
Net income 33.74M 19.15M 6.80M -11.98M 9.12M
Change in cash 62.76M 13.02M 0.97M -1.42M -0.69M
Begin period cash flow 14.52M 1.50M 0.52M 1.94M 2.63M
End period cash flow 77.28M 14.52M 1.50M 0.52M 1.94M
Total cash from operating activities 52.98M 34.45M 12.47M 16.38M 0.14M
Issuance of capital stock 39.49M - - - 0.00M
Depreciation - - - 20.45M 5.65M
Other cashflows from investing activities - - - - 4.56M
Dividends paid 0.00M 0.00M 0.00M 0.00M -
Change to inventory -8.53M -5.84M -10.10M 3.52M -4.05M
Change to account receivables - - - - -0.40M
Sale purchase of stock -1.36M -4.70M -0.41M -0.49M 0.00M
Other cashflows from financing activities - - -4.76M -8.80M 14.62M
Change to netincome - - - - -10.72M
Capital expenditures 12.32M 12.88M 4.76M 8.80M 8.41M
Change in working capital 2.53M -1.70M -12.38M 3.23M -3.92M
Stock based compensation 1.97M 1.02M 0.65M 0.54M 0.34M
Other non cash items 3.08M 0.97M 17.41M 24.58M -5.41M
Free cash flow 40.66M 21.57M 7.71M 7.58M -8.28M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MKO
Mako Mining Corp		 0.80
7.86%		 10.98 18.47 2.34 6.21 4.73 4.31 10.00
OMG
Omai Gold Mines Corp		 0.18
12.08%		 1.67 - - - 62.63 - -4.09
ASE
Asante Gold Corporation		 0.07
12.07%		 0.65 - 6.57 2.23 269.42 2.23 49.52
THX
Thor Explorations Ltd.		 0.06
6.98%		 0.92 3.41 2.77 2.87 1.88 1.80 2.44
GRZ
Gold Reserve Inc		 0.15
2.68%		 5.75 - 11.64 246.03 10.46 0.62 -10.79

Profile*

Mako Mining Corp

Mako Mining Corp. engages in gold mining and exploration activities in Nicaragua. Its primary asset is 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 based in Vancouver, Canada.

838 West Hastings St., Vancouver, BC, Canada, V6C 0A6

647 203 8793

https://www.makominingcorp.com

Name Title Year Born
Mr. Akiba Jacob-Issachar Leisman CEO & Director 1977
Ms. Maria Milagros Paredes MBA CFO & Corp. Sec. NA
Mr. Jesse S. Muñoz Chief Operating Officer NA
Mr. Paolo Durand VP of Corp. Devel. NA
Mr. Jesse S. Munoz Chief Operating Officer NA
Mr. Paolo Durand Vice President of Corporate Development NA
Mr. Ezequiel Sirotinsky CFO & Corporate Secretary 1971
Mr. Frank Powell B.Sc. VP of Exploration NA
Mr. Stephen Parsons P.Eng. President NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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