Mako Mining Corp. earns a Buy rating, supported by strong financials, robust gold production, and favorable gold price trends. MAKOF overcame Q3 2025 production challenges, ramping up output at San Albino and Moss mines, with higher production and record financial results expected ahead. A solid balance sheet, debt-free status, and $66 million in cash position MAKOF to fund Mt. Hamilton and Eagle Mountain projects without external financing.
Mako Mining has transformed into a multi-asset gold producer, with operations in Nicaragua, Arizona, and a high-return project in Guyana. Robust free cash flow, record gold prices, and disciplined capital allocation position Mako to grow production above 100,000 ounces annually by 2028. Valuation suggests 150% upside potential, with a target price of $11.35 per share, driven by operational growth and limited dilution risk.
Mako Mining operates the San Albino Mine in Nicaragua, one of the highest-grade open-pit mines in the world. More precisely, milled grade in Q1 '25 averaged 7.1 g/t. Free cash flows from San Albino are then used to fund regional exploration activities, as well as inorganic growth opportunities such as the acquisition of the Moss Mine in Arizona. Moss was acquired from a bankruptcy proceeding for a net cash acquisition cost of ~$2.0 million. The asset has a long history of producing approximately 30,000 ounces annually.
| Metals & Mining Industry | Materials Sector | Mr. Akiba Jacob-Issachar Leisman CEO | OTCQB Exchange | CA56089A4000 ISIN |
| CA Country | - Employees | - Last Dividend | 8 Mar 2023 Last Split | - IPO Date |
Mako Mining Corp. is a gold mining and exploration company with operations primarily located in Nicaragua. It focuses on the exploration and development of its prime asset, the San Albino property situated in Nueva Segovia, Nicaragua. Before its rebranding in November 2018, the entity was known as Golden Reign Resources Ltd. The company embarked on its journey in 2004 and has its headquarters positioned in Vancouver, Canada, serving as the central hub for its operations, decision-making, and strategic planning. Through its specialized expertise in mining, Mako Mining Corp. aims to harness the rich gold resources of Nicaragua, contributing to its standing in the gold mining sector.
At the heart of Mako Mining Corp.'s operations is its gold mining activity. The company focuses on the extraction of gold from its San Albino property, a region known for its high-grade gold deposits. Through advanced exploration techniques and mining operations, Mako Mining ensures the sustainable extraction of gold, following environmental and safety standards closely.
Mako Mining Corp. is also actively involved in the exploration of new territories within the San Albino property and its surroundings, aiming to discover new gold deposits. Utilizing state-of-the-art exploration technology and methodologies, the company's exploration activities are designed to expand its resource base and extend the life of the mine, ensuring a steady supply of gold for future mining operations.