Mako Mining Management

Management criteria checks 3/4

Mako Mining's CEO is Akiba Leisman, appointed in Mar 2019, has a tenure of 5.75 years. total yearly compensation is $1.05M, comprised of 26.7% salary and 73.3% bonuses, including company stock and options. directly owns 2.26% of the company’s shares, worth $3.38M. The average tenure of the management team and the board of directors is 4.3 years and 5.4 years respectively.

Key information

Akiba Leisman

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	26.7%
CEO tenure	5.8yrs
CEO ownership	2.3%
Management average tenure	4.3yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Akiba Leisman's remuneration changed compared to Mako Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$24m
Jun 30 2024	n/a	n/a	US$22m
Mar 31 2024	n/a	n/a	US$11m
Dec 31 2023	US$1m	US$281k	US$7m
Sep 30 2023	n/a	n/a	-US$4m
Jun 30 2023	n/a	n/a	-US$9m
Mar 31 2023	n/a	n/a	-US$10m
Dec 31 2022	US$586k	US$281k	-US$12m
Sep 30 2022	n/a	n/a	-US$8m
Jun 30 2022	n/a	n/a	US$812k
Mar 31 2022	n/a	n/a	US$2m
Dec 31 2021	US$538k	US$281k	US$10m
Sep 30 2021	n/a	n/a	US$2m
Jun 30 2021	n/a	n/a	-US$4m
Mar 31 2021	n/a	n/a	-US$8m
Dec 31 2020	US$207k	US$183k	-US$12m
Dec 31 2019	US$498k	US$76k	-US$14m

Compensation vs Market: Akiba's total compensation ($USD1.05M) is above average for companies of similar size in the US market ($USD650.86K).

Compensation vs Earnings: Akiba's compensation has been consistent with company performance over the past year.

CEO

Akiba Leisman (47 yo)

5.8yrs

Tenure

US$1,050,151

Compensation

Mr. Akiba Jacob-Issachar Leisman has been the Executive Chairman and Director of Sailfish Royalty Corp. since October 26, 2020. Mr. Leisman co-founded Sailfish in 2014 and served as its Chief Executive Off...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Akiba Leisman	CEO & Director	5.8yrs	US$1.05m	2.26% $ 3.4m
Jesse Munoz	Chief Operating Officer	6.1yrs	US$764.22k	0.13% $ 187.6k
Paolo Durand	Vice President of Corporate Development	2.8yrs	US$270.11k	0.045% $ 68.1k
Ezequiel Sirotinsky	CFO & Corporate Secretary	no data	no data	no data
Frank Powell	VP of Exploration	less than a year	no data	0.028% $ 42.1k

4.3yrs

Average Tenure

Experienced Management: MAKO.F's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Akiba Leisman	CEO & Director	10.4yrs	US$1.05m	2.26% $ 3.4m
Mario Caron	Independent Director	4.5yrs	US$176.80k	0.013% $ 18.9k
John Walter Hick	Independent Director	6.1yrs	US$217.64k	0.039% $ 59.1k
Laurence Gaborit	Independent Director	less than a year	no data	no data
Nathan Fier	Independent Non-Executive Chairman	less than a year	no data	0.56% $ 842.5k
John Pontius	Independent Director	6.1yrs	US$84.90k	0.013% $ 20.0k
Paul Jacobi	Director	5.4yrs	US$78.30k	no data

5.4yrs

Average Tenure

62yo

Average Age

Experienced Board: MAKO.F's board of directors are considered experienced (5.4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 05:14
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

Mako Mining Corp. is covered by 2 analysts. 0 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
Brian Szeto	Ventum Financial Corp

Mako Mining Management

Management criteria checks 3/4

Key information

Recent management updates

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

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

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

Mako Mining Corp. Appoints Brian Szeto as an Independent Director

Mako Mining Corp., Annual General Meeting, Jul 26, 2022

Mako Mining Appoints Millie Paredes as Corporate Secretary

Recent updates

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

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 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) 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. to Report Q2, 2023 Results on Nov 21, 2022

Mako Mining Corp. Provides Update on Its San Albino Operation in Nicaragua

Mako Mining Corp. Intersects 42.59 G/T Au over 2.1 M (Estimated True Width) At Las Conchitas North

Mako Mining Corp. Intersects 36.65 g/t Au and 29.5 g/t Ag over 3.1m (Estimated True Width) at the SW Pit

Mako Mining Corp. Reports Additional Results from its Recent Definition and Expansion Drilling Program at Las Conchitas Area on its Wholly-Owned San Albino-Murra Property

Mako Mining Corp. Reports Additional High-Grade Drill Results from an Area Adjacent to the Current Open Pit Mining Operations At the San Albino West Pit in Northern Nicaragua

Mako Mining Corp. Reports Additional Results from Its Drilling Program At Las Conchitas Area

Mako Mining Corp. Announces the Discovery of Another Gold Bearing Structure At the Las Conchitas-North Area of Its Wholly-Owned San Albino-Murra Property Located in Northern Nicaragua

Mako Mining Corp Discovers Another New Gold Bearing Vein at Las Conchitas North; Intersects 37.28 g/t of Au and 34.94 g/t of Ag over 2.5 m (Estimated True Width)

Mako Mining Corp Provides Update on One Year Anniversary Since Declaring Commercial Production

Mako Mining Corp. Intersects 42.91 g/t Au and 38.3 g/t Ag over 4.1m (Estimated True Width) in New Zone, 35.5m from Surface, 50m from Current Mining - over 530m Strike Length, Open Along Strike and Down Dip

Mako Mining Corp. Declares Second Quarter Dividend 2022, Payable July 15, 2022

Mako Mining Corp., Annual General Meeting, Jul 26, 2022

Mako Mining Corp Reports Positive Drill Results from Expansion Drilling to the Northeast and Southwest of the Current San Albino Resource

Mako Mining Corp Reports Positive Resource Reconciliation

Mako Mining Corp. Announces Drilling Permits for La Segoviana and Corporate Update

Mako Mining Provides Operating Update from its San Albino Gold Mine

Mako Mining Corp. Reports Positive Drill Results from Infill and Expansion Drilling at the Arras Zone Within its San Albino Gold Mine in Northern Nicaragua

Mako Mining Corp. Provides Regional Exploration Update, Including Further Confirmation of up to 850 Meters of Strike Potential at Las Conchitas and Multiple High-Grade Channel Samples Across Four Prospects at La Segoviana Yielding Grades of up to 82.5 g/t Gold Over 1.0 Meter

Mako Mining Corp. Provides an Operating Update from Its San Albino Gold Mine in Northern Nicaragua

Mako Mining Corp. Declares Commercial Production At Its San Albino Gold Mine

Mako Mining Provides Operating Update

Mako Mining Corp. Reports Initial Results from a Reconnaissance Exploration Program on Its Recently Granted La Segoviana Exploration and Exploitation Concession

Mako Mining Corp. Reports Positive Drill Results from Expansion Drilling At Its San Albino Gold Project ("San Albino") in Northern Nicaragua

Mako Mining Appoints Millie Paredes as Corporate Secretary

Mako Mining Corp. Announces Grade and Tonnage Results from Mining of the Upper Half of the Third Bench of the San Albino Vein at its San Albino Gold Project

GR Silver Mining Ltd. and Mako Mining Corp Amend Definitive Agreement date to January 31, 2021

Mako Mining Corp. Reports Drilling at Las Conchitas Hits Multiple Stacked Zones

Mako Mining Files Technical Report for Updated Mineral Resource Estimate for San Albino

Mako Mining Corp. Reports Grade and Tonnage Results from Mining of the Second Full Bench of the San Albino Vein At Its San Albino Gold Project

Mako Mining Reports Results of an Updated Mineral Resource Estimate for San Albino

Mako Mining Announces Favorable Metallurgical Test Results from the Historical Dumps At San Albino, with Gold Recoveries of 96.4% Which Includes Gravity Recoveries of 48.1%

Mako Mining Corp. announced that it expects to receive CAD 28.4 million in funding from Wexford Capital LP

Mako Mining Corp. Reports Mining Results for the San Albino Gold Project

Mako Mining Corp. Report Results from Reconnaissance Exploration Program

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources