Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 838 West Hastings St., Suite 700 VANCOUVER BC V6C 0A6 |
Tel: | N/A |
Website: | https://makominingcorp.com |
IR: | See website |
Key People | ||
Akiba Leisman Chief Executive Officer, Director | Maria Milagros Paredes Chief Financial Officer, Corporate Secretary | Jesse Munoz Chief Operating Officer | Paolo Durand Vice President - Corporate Development |
Business Overview |
Mako Mining Corp. is a Canada-based gold mining, development and exploration company. The Company holds 100% of four mineral concessions in Nueva Segovia, Nicaragua for a total land package of approximately 18,817 hectares. The San Albino gold deposit, located within the San Albino-Murra Property mine is in Nueva Segovia, Nicaragua. Its San Albino gold project is an open pit development project located in Nueva Segovia, Nicaragua, approximately 173 kilometers north of Managua and accessible through a paved highway. Its Las Conchitas area is located approximately 2.5 kilometers south of its high-grade San Albino Gold Deposit and is situated near the southern end of the Corona de Oro Gold Belt. Its subsidiaries include Gold Belt, S.A., Marlin Gold Mining Ltd., Marlin Gold Trading Inc., Nicoz Resources, S.A. and Oro Gold de Mexico, S.A. de C.V. |
Financial Overview |
For the nine months ended 30 September 2023, Mako Mining Corp revenues decreased 17% to $39.5M. Net loss decreased 76% to $2.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Exploration and evaluation expenses decrease of 60% to $3.4M (expense), General office expenses decrease of 71% to $114K (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $174.14M as of Sep 30, 2023 |
Annual revenue (TTM): | $75.22M as of Sep 30, 2023 |
EBITDA (TTM): | $25.71M as of Sep 30, 2023 |
Net annual income (TTM): | -$4.76M as of Sep 30, 2023 |
Free cash flow (TTM): | $0.62M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $22.33M as of Sep 30, 2023 |
Shares outstanding: | 65,800,073 as of Feb 6, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |