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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$154.65M which is a rise of roughly 31% over the last twelve months. As of 12/12/2023 they have ~C$2M debt and ~C$1.07M 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
Item Value Value Updated
MCap (FD): $118.41M $154.65M 12/12/2023
Total Assets: $36.83M $35.80M 12/12/2023
Total Liabilities: $30.20M $29.36M 12/12/2023
Current Assets: $2.58M $2.51M 12/12/2023
Current Liabilities: $13.26M $12.89M 12/12/2023
Total Debt: $1.99M $1.93M 12/12/2023
Cash: $1.10M $1.07M 12/12/2023
Enterprise Value: $119.29M $155.51M 12/05/1974
Cash Flow: $12.88M $33.54M never
Cash Flow Multiple: 9.19 4.61 never
Net Debt to
Cash Flow Ratio:		 0.07 0.03 never
Finance within 1 year: 12/12/2023
Misc 12/12/2023
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 66,000,000 66,000,000 12/12/2023
Shares (FD): 69,000,000 69,000,000 12/12/2023
Insider Ownership: n/a 60% 11/15/2024
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 08/01/2020 12/12/2023
Production (Gold Eq Oz.): (guess) 
30,000		 (guess) 
30,000		 12/12/2023
Production (Silver Eq Oz.): (guess) 
2,618,122		 (guess) 
2,568,582		 12/12/2023
Initial CapEx (Outstanding): $21.00M
17.74% of MCap		 $21.00M
13.58% of MCap 		12/12/2023
Funding Option: n/a (guess)  Forward sales 12/12/2023
Documentation: none PRODUCER 11/15/2024
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.2
Producer: Growth Potential
 04/24/2023
Cash Flow Multiplier: 8 8 04/17/2023

Resource Data

GOLD 12/12/2023
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/12/2023
Measured & Indicated: 0.30M 0.30M 12/12/2023
Inferred: 0.50M 0.50M 12/12/2023
Reserves & Resources: 0.80M 0.80M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/12/2023
Measured & Indicated: 0.23M 0.23M 12/12/2023
Inferred: 0.24M 0.24M 12/12/2023
Reserves & Resources: 0.47M 0.47M never
C
U
R
R
E
N
T		 Annual Production: (guess) 
30,000oz.		 (guess) 
30,000oz.		 12/12/2023
Cash Cost: $1,000 $1,000 12/12/2023
Extra Operating Cost: $550 $550 12/12/2023
Total: $1,550 $1,550 12/12/2023
Margin (Free Cash Flow): $429 (22%) $1,118 (42%)
G
R
A
D
E		 Underground (Avg): 6.00 g/t 14.00 g/t 03/24/2024
Open Pit (Avg): n/a 10.00 g/t 03/24/2024
Recovery Rate: (CG)  95.00% (CG)  95.00% 11/15/2024
F
U
T
U
R
E		 Proven & Probable: 0.75M 0.75M 12/12/2023
Annual Production: 50,000oz. 50,000oz. 12/12/2023
Cash Cost: $1,100 $1,100 12/12/2023
Extra Operating Cost: $500 $500 12/12/2023
SILVER 12/12/2023
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/12/2023
Measured & Indicated: n/a n/a 12/12/2023
Inferred: n/a n/a 12/12/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/12/2023
Measured & Indicated: n/a n/a 12/12/2023
Inferred: n/a n/a 12/12/2023
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 12/12/2023
Extra Operating Cost: n/a n/a 12/12/2023
Total: n/a n/a 12/12/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 12/12/2023
Open Pit (Avg): n/a n/a 12/12/2023
Recovery Rate: n/a n/a 12/12/2023
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/12/2023
Annual Production: n/a n/a 12/12/2023
Cash Cost: n/a n/a 12/12/2023
Extra Operating Cost: n/a n/a 12/12/2023

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
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

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

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.23M 0.23M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $97.88M $254.88M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $97.88M $254.88M n/a
Max Profit / Current MCap: 0.827 1.648 n/a
Max Profit Per Share (Gold): $1.42 $3.69 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $1.42 $3.69 n/a
Total Free Profit Per Share: $0.00 $0.56 n/a
FD MCap / Gold Eq.: $519.33 $678.29 n/a
FD MCap / Silver Eq.: $5.95 $7.92 n/a
FD MCap / Per Metal
as % Spot Price:		 26.24% 25.42% n/a

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

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.47M 0.47M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $199.84M $520.38M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $199.84M $520.38M n/a
Max Profit / Current MCap: 1.688 3.365 n/a
Max Profit Per Share (Gold): $2.90 $7.54 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $2.90 $7.54 n/a
Total Free Profit Per Share: $0.57 $4.41 n/a
FD MCap / Gold Eq.: $254.37 $332.23 n/a
FD MCap / Silver Eq.: $2.91 $3.88 n/a
FD MCap / Per Metal
as % Spot Price:		 12.85% 12.45% n/a

Future Valuation (Cash Flow & Totals)

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