MAKONasdaqGold and Silver OresUS GAAP · USD

Mako Mining Corp.

Mako Mining Corp. is a gold mining, development, and exploration company focused on precious-metals assets in the Americas. Its portfolio includes the operating San Albino gold mine in Nicaragua, the Moss Mine in Arizona, the Mt. Hamilton Project in Nevada, and the Eagle Mountain Project in Guyana.

Liikevaihto148milj. USD
+61,2 %v/v
Liikevoitto (EBIT)55,7milj. USD
+84,9 %v/v
EBIT-marginaali37,5%
+4,8 %-yks.v/v
Nettotulos33,7milj. USD
+76,2 %v/v
Vapaa kassavirta40,7milj. USD
+88,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−50050100150milj. USD2022: 63 milj. USD2022: EBIT −8,2 milj. USD20222023: 66 milj. USD2023: EBIT 9,8 milj. USD20232024: 92 milj. USD2024: EBIT 30 milj. USD20242025: 148 milj. USD2025: EBIT 56 milj. USD202514856
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Gold production70 %

Gold ounces produced and sold from operating mines and related processing facilities.

Mine development15 %

Advancing permitted and pre-production mining projects toward future output.

Exploration10 %

Drilling and geological work to expand resources and replace reserves.

Project evaluation5 %

Engineering, environmental, and permitting work on development-stage assets.

Asiakkaat

Mako primarily sells newly mined gold into the global precious-metals market, where refinery, bullion, or offtake counterparties purchase production based on prevailing market pricing. In practice, its end-market exposure is tied to bullion demand, pricing benchmarks, and the terms of any streaming or purchase agreements rather than to a small number of operating customers. The company also engages with lenders, stream counterparties, contractors, and technical consultants as part of mine development and project execution.

Gold off-take and bullion buyers

Buy gold production from operating mines for resale, refining, or inventory purposes.

Streaming counterparties

Purchase a fixed share of future metal production under long-term streaming terms.

Project contractors and service providers

Provide mining, drilling, engineering, and permitting services required to operate and develop assets.

Capital providers

Provide debt, secured financing, or structured metal-linked funding for mine and project funding.

Strategia

Mako's strategy centers on operating its producing mine while advancing permitted and exploration-stage assets that can extend its production profile over time. The company also uses structured financing and transaction agreements to secure capital and support asset development, which is important in a capital-intensive mining business. Exploration success, permitting progress, and reserve replacement are central to maintaining the quality and longevity of its asset base.

Maintain and optimize production at San AlbinoLyhyt aikaväli

The operating mine is the core source of current metal output and cash generation.

Advance permitted and development assetsKeskipitkä aikaväli

Mt. Hamilton and Eagle Mountain provide future production optionality beyond the current mine.

Replace and expand reserves and resourcesPitkä aikaväli

A mining company must continually replace mined ounces to sustain asset life.

Maantiede

Mako's operating footprint is centered in the Americas, with producing and development assets in Nicaragua and the United States, plus an exploration-stage project in Guyana. This geographic mix gives the company exposure to multiple mining jurisdictions, permitting regimes, infrastructure constraints, and country-specific political and operating risks. The U.S. assets provide a more established regulatory setting, while the Latin American and South American assets add resource optionality and jurisdictional diversification.

Riskit

Mako is exposed to gold price volatility, reserve and resource uncertainty, and the operational risks of running open-pit and heap-leach mining assets. Its mix of jurisdictions adds permitting, political, and security risk, while structured financing and gold-stream obligations can affect asset flexibility and future cash flows.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Gold price volatility1Reserve and resource estimation risk2Jurisdictional and permitting risk3Streaming and secured financing burden4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Gold price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue and project valuation depend heavily on the market price of gold.

    Kohdistuu: Operating mine and development projects

  2. Reserve and resource estimation riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Mine plans, life-of-mine assumptions, and asset values depend on geological estimates.

    KohdistuuSan AlbinoMt. HamiltonEagle Mountain
  3. Jurisdictional and permitting riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Mining approvals, environmental permits, and operating conditions vary by country.

    KohdistuuNicaraguaNevadaGuyanaArizona
  4. Streaming and secured financing burdenVaikutus: KeskitasoTodennäköisyys: Korkea

    Gold-stream agreements reduce future metal exposure and can restrict assets through security interests.

    Kohdistuu: Mt. Hamilton-related obligations

Kirjanpito

Harkinnanvaraiset erät
Estimated mineral resources and reserves

Reserve revisions can change depreciation, mine plans, and asset carrying values.

Vaikutus: Affects depletion, impairment, and project valuation

Reclamation and rehabilitation obligations

Mine closure and environmental remediation costs require long-term estimates.

Vaikutus: Affects liabilities and periodic accretion expense

Heap leach and stockpile valuation

Recoverability assumptions determine the carrying value of ore inventories.

Vaikutus: Affects inventory balance and cost of sales timing

Gold stream valuation

Structured metal purchase agreements require complex valuation and settlement assumptions.

Vaikutus: Affects financing obligations and future revenue sharing

Commercial production and exploration classification

The point at which a project reaches commercial production changes expense capitalization and operating results.

Vaikutus: Affects profit timing and asset balances

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026