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Mako Mining Corp. (V:MKO)

Business Focus: Gold Mining

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: $194.31M as of Sep 30, 2023
Annual revenue (TTM): $75.24M as of Sep 30, 2023
EBITDA (TTM): $25.72M 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