Mako Mining Corp. (MAKOF)
OTCQB OTCQB Primary 
Mako Mining Runs Towards Robust Cash Flow, Exuding Optimism Regarding Long-Term Growth
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: Free Cash Flow Strength Supports Growth Without Dilution
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: Operating One Of The World's Highest Grade Open-Pit Mines
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 ~$2.0 million. The asset has a long history of producing approximately 30,000 ounces annually.
Mako Mining: A Deeply Discounted Gold Producer Ready To Shine
Mako Mining Corp. is a high-margin, low-cost gold producer with strong operational momentum and significant exploration potential, currently undervalued at an 8x TTM P/E ratio. The imminent production restart at Moss Mine and high gold prices position Mako for substantial cash flow growth and long-term value creation. Diversification into Arizona and Guyana mitigates geopolitical risks, while the company's demonstrated management capabilities support a robust growth trajectory.
Mako Mining Announces Q4 2024 Production Results Generating Record Gold Revenue of US$ 28.8 million and an Increase in Cash of US$ 9.5 million
VANCOUVER, BC / ACCESSWIRE / January 13, 2025 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide fourth quarter 2024 ("Q4 2024") production results for the Company's San Albino gold mine ("San Albino") in northern Nicaragua and an update on the Eagle Mountain Gold Project in Guyana. Certain amounts shown in this news release may not total to exact amounts due to rounding differences.
Mako Mining Announces Its Intent to Acquire the Moss Mine in Arizona Expanding its Operations in the Americas
VANCOUVER, BC / ACCESSWIRE / December 31, 2024 / Mako Mining Corp. ("Mako") (TSXV:MKO)(OTCQX:MAKOF) is pleased to announce the entering into of a non-binding letter of intent to acquire 100% of the issued and outstanding common shares of EG Acquisition LLC ("EGA"), a recently created private corporation controlled by Mako's controlling shareholder, Wexford Capital LP ("Wexford"), established solely to acquire the Moss gold mine located in the historic Oatman District in Arizona (the "Proposed Transaction"). It is anticipated that EGA will complete the acquisition of the Moss gold mine on December 31st, 2024 through its acquisition of 100% of the common shares of Golden Vertex Corp. ("GVC") which holds direct ownership of the Moss gold mine.
Mako Mining Reports Q3 2024 Financial Results
VANCOUVER, BC / ACCESSWIRE / November 25, 2024 / Mako Mining Corp. (TSX-V:MKO(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide financial results for the three months ended September 30th, 2024 ("Q3 2024"). Q3 2024 Financial results reflect the first consolidated results since the acquisition of Goldsource Mines and its Eagle Mountain Project on July 3rd, 2024.
Mako Mining Announces Normal Course Issuer Bid Accepted by TSX Venture Exchange
VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") announces that the TSX Venture Exchange (the "TSXV") has accepted its normal course issuer bid (the "NCIB") to purchase up to an aggregate of 3,956,485 common shares ("Common Shares") of the Company, representing 5% of the 79,129,713 Common Shares issued and outstanding on the date hereof. Purchases under the NCIB may commence on November 19, 2024, and will end no later than November 18, 2025.
Mako Mining Reports Q2 2024 Financial Results Including EPS of US$0.13 /share and Gold Sales of 12,313 Oz Au at $1,098/oz AISC
VANCOUVER, BC / ACCESSWIRE / August 13, 2024 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide financial results for the three months ended June 30th, 2024 ("Q2 2024"). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated.
Mako Mining Intersects 37.80 g/t Au and 50.0 g/t Ag over 2.8m (Estimated True Width) at Las Conchitas, 16m from Surface, Outside of Current Mineral Resource Estimate
VANCOUVER, BC / ACCESSWIRE / July 10, 2024 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide an update of results from the ongoing reverse circulation (RC) drill program at Mako's newest mining area, Las Conchitas, located immediately south of the company's San Albino gold mine. In the 2024 RC drilling campaign, Mako has completed 244 drill holes totaling 15,314 meters.
Mako Announces Goldsource Securityholder Approval of the Arrangement Transaction and Provides Corporate Update
VANCOUVER, BC / ACCESSWIRE / June 26, 2024 / Mako Mining Corp. (TSXV:MKO);(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to announce that securityholders of Goldsource Mine Inc. ("Goldsource") have approved the plan of arrangement transaction with Mako at the special meeting of securityholders of Goldsource held on June 21st, 2024, with over 97% approval on all votes held. It is expected that Goldsource will receive the final order of the Supreme Court of British Columbia at a hearing scheduled for June 26th, 2024, and closing of the transaction will occur on or about July 3rd, 2024, subject to the satisfaction or waiver of all remaining closing conditions.
