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Mako Mining Corp

www: makominingcorp.com   email: info@makominingcorp.com
Category: Junior: Emerging Mid-tier Producer
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Symbol Data

Symbol Currency
CVE:MKO CAD
OTCMKTS:MAKOF USD

Description

Mako Mining Corp are a gold focused junior, emerging mid-tier producer with three mines in development in Guyana, Nicaragua and USA and four exploration properties. They have approximately 0.8Moz. of gold in the reserves and resources category of which 0.3Moz. are in the measured and indicated category. They have a market capitalisation of ~C$166.66M which is a rise of roughly 41% over the last eleven months. As of 12/12/2023 they have ~C$2M debt and ~C$1.08M cash. They have 66M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/12/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $118.41M $166.66M 12/12/2023 $48.25M
Total Assets: $36.83M $36.16M 12/12/2023 $-0.67M
Total Liabilities: $30.20M $29.65M 12/12/2023 $-0.55M
Current Assets: $2.58M $2.53M 12/12/2023 $-0.05M
Current Liabilities: $13.26M $13.02M 12/12/2023 $-0.24M
Total Debt: $1.99M $1.95M 12/12/2023 $-0.04M
Cash: $1.10M $1.08M 12/12/2023 $-0.02M
Enterprise Value: $119.29M $167.53M 04/23/1975 $48.23M
Cash Flow: $12.88M $35.49M never $22.61M
Cash Flow Multiple: 9.19 4.70 never -4.50
Net Debt to
Cash Flow Ratio:		 0.07 0.02 never -0.04
Finance within 1 year: 12/12/2023 n/a
Misc 12/12/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 66,000,000 66,000,000 12/12/2023 0
Shares (FD): 69,000,000 69,000,000 12/12/2023 0
Insider Ownership: n/a 60% 05/31/2024 60%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 08/01/2020 12/12/2023 n/a
Production (Gold Eq Oz.): (guess) 
30,000		 (guess) 
30,000		 12/12/2023 0
Production (Silver Eq Oz.): (guess) 
2,618,122		 (guess) 
2,400,791		 12/12/2023 -217,331
Initial CapEx (Outstanding): $21.00M
17.74% of MCap		 $21.00M
12.6% of MCap 		12/12/2023 $0.00M
Funding Option: n/a (guess)  Forward sales 12/12/2023 n/a
Documentation: none PRODUCER 05/31/2024 n/a
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.2
Producer: Growth Potential
 04/24/2023 0
Cash Flow Multiplier: 8 8 04/17/2023 0.00

Resource Data

GOLD 12/12/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/12/2023 0.00M
Measured & Indicated: 0.30M 0.30M 12/12/2023 0.00M
Inferred: 0.50M 0.50M 12/12/2023 0.00M
Reserves & Resources: 0.80M 0.80M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/12/2023 0.00M
Measured & Indicated: 0.23M 0.23M 12/12/2023 0.00M
Inferred: 0.24M 0.24M 12/12/2023 0.00M
Reserves & Resources: 0.47M 0.47M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
30,000oz.		 (guess) 
30,000oz.		 12/12/2023 0oz.
Cash Cost: $1,000 $1,000 12/12/2023 $0.00
Extra Operating Cost: $550 $550 12/12/2023 $0.00
Total: $1,550 $1,550 12/12/2023 $0.00
Margin (Free Cash Flow): $429 (22%) $1,183 (43%) $753.60
G
R
A
D
E		 Underground (Avg): 6.00 g/t 14.00 g/t 03/24/2024 8.00 g/t
Open Pit (Avg): n/a 10.00 g/t 03/24/2024 10.00 g/t
Recovery Rate: (CG)  95.00% (CG)  95.00% 05/31/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.75M 0.75M 12/12/2023 0.00M
Annual Production: 50,000oz. 50,000oz. 12/12/2023 0oz.
Cash Cost: $1,100 $1,100 12/12/2023 $0
Extra Operating Cost: $500 $500 12/12/2023 $0
SILVER 12/12/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/12/2023 0.00M
Measured & Indicated: n/a n/a 12/12/2023 0.00M
Inferred: n/a n/a 12/12/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/12/2023 0.00M
Measured & Indicated: n/a n/a 12/12/2023 0.00M
Inferred: n/a n/a 12/12/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/12/2023 $0.00
Extra Operating Cost: n/a n/a 12/12/2023 $0.00
Total: n/a n/a 12/12/2023 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 12/12/2023 n/a
Open Pit (Avg): n/a n/a 12/12/2023 n/a
Recovery Rate: n/a n/a 12/12/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/12/2023 0.00M
Annual Production: n/a n/a 12/12/2023 n/a
Cash Cost: n/a n/a 12/12/2023 n/a
Extra Operating Cost: n/a n/a 12/12/2023 n/a

Property

Last Analysis Data  (12/12/2023)
Stage Name Owned Au Ag Cu Notes
Exp Gavilanes 100% show
Silver discovery.

About 20 million oz.

Early exploration.
Dev San Albino 100% show
1 million oz of gold at 7 gpt, plus 1 million oz of silver at 10 gpt. Both are likely to double in size.
Exp Las Conchita 100% show
Appears to be an other high grade discovery.

Next door to San Albino. They will use the same mill.
Dev Commonwealth 100% show
1.2 million oz deposit.
Total Land Package Size (ha): 15,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Exp Tucuma 58% n/a
Dev Eagle Mountain 100% show
Several discoveries. Increasing in size.

Toucan
Salbora
Friendly
Powis

Likely at least 1.5 million oz.
Exp Mowasi 100% show
Early exploration
Exp Gavilanes 100% show
Silver discovery.

About 20 million oz.

Early exploration.
Dev San Albino 100% show
1 million oz of gold at 7 gpt, plus 1 million oz of silver at 10 gpt. Both are likely to double in size.
Exp Las Conchita 100% show
Appears to be an other high grade discovery.

Next door to San Albino. They will use the same mill.
Dev Commonwealth 100% show
1.2 million oz deposit.
Total Land Package Size (ha): 35,000  

Profitability (by resource)

Proven &
Probable		 12/12/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 12/12/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.30M 0.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -2.17M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.23M 0.23M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -1.65M
Maximum Profit (Gold): $97.88M $269.70M n/a $171.82M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $97.88M $269.70M n/a $171.82M
Max Profit / Current MCap: 0.827 1.618 n/a 0.792
Max Profit Per Share (Gold): $1.42 $3.91 n/a $2.49
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.42 $3.91 n/a $2.49
Total Free Profit Per Share: $0.00 $0.57 n/a $0.57
FD MCap / Gold Eq.: $519.33 $730.96 n/a $211.62
FD MCap / Silver Eq.: $5.95 $9.13 n/a $3.18
FD MCap / Per Metal
as % Spot Price:		 26.24% 26.75% n/a 0.51%

Reserves &
Resources		 12/12/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.80M 0.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -5.80M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.47M 0.47M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.37M
Maximum Profit (Gold): $199.84M $550.64M n/a $350.80M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $199.84M $550.64M n/a $350.80M
Max Profit / Current MCap: 1.688 3.304 n/a 1.616
Max Profit Per Share (Gold): $2.90 $7.98 n/a $5.08
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.90 $7.98 n/a $5.08
Total Free Profit Per Share: $0.57 $4.64 n/a $4.07
FD MCap / Gold Eq.: $254.37 $358.02 n/a $103.65
FD MCap / Silver Eq.: $2.91 $4.47 n/a $1.56
FD MCap / Per Metal
as % Spot Price:		 12.85% 13.10% n/a 0.25%

Future Valuation (Cash Flow & Totals)

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