Mako Mining (MAKO) Stock Overview

Engages in mineral exploration and exploitation activities in Nicaragua, the United States, and Guyana. More details

MAKO fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	6/6
Past Performance	6/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 92.5% below our estimate of its fair value

Earnings are forecast to grow 43.75% per year

Earnings grew by 104.4% over the past year

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for MAKO from our risk checks.

MAKO Community Fair Values

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Mako Mining Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mako Mining
Historical stock prices
Current Share Price	CA$7.71
52 Week High	CA$8.99
52 Week Low	CA$3.62
Beta	1.71
1 Month Change	12.88%
3 Month Change	11.58%
1 Year Change	97.44%
3 Year Change	681.00%
5 Year Change	148.71%
Change since IPO	-10.66%

Recent News & Updates

Seeking Alpha • Jun 01

Mako Mining: The Re-Rating Has Just Begun

Summary Mako Mining is rated a Strong Buy, with a fair value of $17.36/share—implying over 110% upside from the current ~$8 price. MAKO has transformed into a debt-free, multi-asset gold producer, with $93 million in cash and four projects spanning production, construction, and permitting. Monte Carlo simulations show even deep-bear scenarios yield 25%+ upside; Eagle Mountain and Mt. Hamilton add substantial unpriced NAV optionality. Key risks—Nicaragua concentration, Sailfish stream collar, and construction execution—are explicitly modeled, but operational momentum and gold price tailwinds drive a compelling risk/reward. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Jun 01

Mako Mining: The Re-Rating Has Just Begun

Shareholder Returns

	MAKO	US Metals and Mining	US Market
7D	0.8%	-0.6%	0.7%
1Y	97.4%	49.5%	20.6%

Return vs Industry: MAKO exceeded the US Metals and Mining industry which returned 48.5% over the past year.

Return vs Market: MAKO exceeded the US Market which returned 19.5% over the past year.

Price Volatility

Is MAKO's price volatile compared to industry and market?
MAKO volatility
MAKO Average Weekly Movement	8.7%
Metals and Mining Industry Average Movement	9.4%
Market Average Movement	7.3%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.2%

Stable Share Price: MAKO has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MAKO's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	Akiba Leisman	www.makominingcorp.com

Mako Mining Corp. engages in mineral exploration and exploitation activities in Nicaragua, the United States, and Guyana. The company explores for gold and silver deposits. Its primary asset is its 100%-owned San Albino mine comprising the San Albino and the Las Conchitas gold deposits, which consist of five mineral concessions covering an area of approximately 22,422 hectares located within the San Albino-Murra Property in Nueva Segovia, Nicaragua.

Mako Mining Corp. Fundamentals Summary

How do Mako Mining's earnings and revenue compare to its market cap?
MAKO fundamental statistics
Market cap	US$680.41m
Earnings (TTM)	US$47.47m
Revenue (TTM)	US$185.28m

14.2x

P/E Ratio

3.6x

P/S Ratio

Is MAKO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MAKO income statement (TTM)
Revenue	US$185.28m
Cost of Revenue	US$77.36m
Gross Profit	US$107.92m
Other Expenses	US$60.45m
Earnings	US$47.47m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	0.54
Gross Margin	58.24%
Net Profit Margin	25.62%
Debt/Equity Ratio	24.3%

How did MAKO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/10 07:22
End of Day Share Price	2026/07/10 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mako Mining Corp. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Bandrowski	Beacon Securities Limited
Ryan Walker	Stifel Canada
Brian Szeto	Ventum Financial Corp

Mako Mining (MAKO) Stock Overview

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Risk Analysis

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Mako Mining Corp. Competitors

Caledonia Mining

McEwen

DRDGOLD

Aura Minerals

Price History & Performance

Recent News & Updates

Investor sentiment deteriorates as stock falls 16%

Mako Mining: The Re-Rating Has Just Begun

First quarter 2026 earnings released: EPS: US$0.26 (vs US$0.12 in 1Q 2025)

Mako Mining Corp. Announces Production Results for the San Albino Gold Mine in Northern Nicaragua and the Moss Mine in Arizona

Investor sentiment improves as stock rises 18%

Full year 2025 earnings released: EPS: US$0.41 (vs US$0.27 in FY 2024)

Recent updates

Investor sentiment deteriorates as stock falls 16%

Mako Mining: The Re-Rating Has Just Begun

First quarter 2026 earnings released: EPS: US$0.26 (vs US$0.12 in 1Q 2025)

Mako Mining Corp. Announces Production Results for the San Albino Gold Mine in Northern Nicaragua and the Moss Mine in Arizona

Investor sentiment improves as stock rises 18%

Full year 2025 earnings released: EPS: US$0.41 (vs US$0.27 in FY 2024)

Mako Mining Corp. Reports Updated Mineral Resource Estimate for the Moss Mine in Arizona

Mako Mining Announces Receipt of Underground Mining Permit At Las Conchitas

Mako Mining Corp. announced that it has received CAD 50 million in funding from Wexford Capital LP and other investors

Mako Mining Corp. announced that it expects to receive CAD 50 million in funding from Wexford Capital LP

Mako Mining Corp., Annual General Meeting, Sep 30, 2025

Mako Mining Corp. Announces Board Changes, Effective July 2, 2025

Mako Mining Corp. Reports Initial Results from its 2025 Reverse Circulation Drill Program at the El Golfo Area Within the El Jicaro Concession

Mako Mining Intersects 39.15 g/t Au over 5.9 M (Estimated True Width) 19.2 m Below Surface in Its Inaugural Drill Campaign At El Golfo

Mako Mining Corp. Announces the Appointment of Steve Parsons as President

Mako Mining Corp. (TSXV:MKO) completed the acquisition of EG Acquisition LLC from Wexford Capital LP.

Mako Mining Corp. Intersects 2.93 G/T Gold over 15.4 Metres (ETW) at Eagle Mountain and 3.73 G/T Au over 31.5 M at the Salbora Deposit as Part of a Geotechnical Drill Program

Mako Mining Corp Intersects 22.88 G/T Au over 4.6 M (Estimated True Width) at Las Conchitas

Mako Mining Corp. Provides Additional Exploration Results from the 2024 Reverse Circulation Drill Program in the Las Conchitas Area

Mako Mining Intersects 23.84 g/t Au and 12.1 g/t Ag over 4.2m (Estimated True Width) and 36.88 g/t Au and 53.2 g/t Ag over 4.0m (ETW) at Las Conchitas

Mako Mining Corp., Annual General Meeting, Sep 30, 2024

Mako Mining Corp. (TSXV:MKO) completed the acquisition of Goldsource Mines Inc. (TSXV:GXS).

Mako Mining Corp. (TSXV:MKO) entered into an arrangement agreement to acquire Goldsource Mines Inc. (TSXV:GXS) for CAD 33.28 million.

Mako Mining Corp. Provides an Update of Results from the Ongoing Reverse Circulation Drill Program At Las Conchitas

Mako Mining Corp. Intersects 51.78 G/T Au over 3.9 M (Estimated True Width) At Las Conchitas, 62 M from Surface, Outside of Current Mineral Resource Estimate

Mako Mining Corp. Reports Updated and Extended Mineral Resource for the San Albino Project

Mako Mining Corp. Announces Record Au Production in September 2023

Mako Mining Corp. Announces Results from an Additional 68 Reverse Circulation Infill Drill Holes At Las Conchitas

Mako Mining Corp., Annual General Meeting, Oct 13, 2023

Mako Mining Corp. Announces Additional Results from the Reverse Circulation Infill Drilling Completed at Las Conchitas

Mako Mining Corp. Announces Commencement of Las Conchitas Material Processing, and Results from the Reverse Circulation Infill Drilling Completed at Las Conchitas

Mako Mining Corp. Begins Work at Las Conchitas, Processing of Material Expected in July

Mako Mining Announces A Discovery 17 Km from the San Albino Gold Mine, Intersects 41.99 G/T Au and 28.70 G/T Ag over 1.4 M (Estimated True Width), 34 M from Surface and Confirms Orogenic Deposit Type

Mako Mining Corp. Announces Resignation of Brian Szeto as Board of Directors

Mako Mining Corp. Intersects 33.91G/T Gold over 1.7M Estimated True Width At Las Conchitas Central, 12.73 G/T Au over 4.2M ETW At Las Conchitas South and Multiple High Grade Silver Intercepts Up to 3,792.0 G/T Silver over 1.0m Across Las Conchitas

Mako Mining Corp. Appoints Brian Szeto as an Independent Director

Mako Mining Intersects 98.50 G/T Au and 66.3 G/T Ag over 1.9M (Estimated True Width) 39M from Surface At the San Albino Sw Pit

Mako Mining Corp. Auditor Raises 'Going Concern' Doubt

Shareholder Returns

Price Volatility

About the Company

Mako Mining Corp. Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources