Mako Mining Past Earnings Performance

Past criteria checks 4/6

Mako Mining has been growing earnings at an average annual rate of 58.8%, while the Metals and Mining industry saw earnings growing at 22.6% annually. Revenues have been growing at an average rate of 38.4% per year. Mako Mining's return on equity is 34.1%, and it has net margins of 26.8%.

Key information

58.8%

Earnings growth rate

65.8%

EPS growth rate

Metals and Mining Industry Growth	26.4%
Revenue growth rate	38.4%
Return on equity	34.1%
Net Margin	26.8%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Mako Mining makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:MAKO.F Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	90	24	11
30 Jun 24	85	22	11
31 Mar 24	69	11	12
31 Dec 23	66	7	12
30 Sep 23	56	-4	13
30 Jun 23	58	-9	16
31 Mar 23	62	-10	16
31 Dec 22	63	-12	18
30 Sep 22	64	-8	16
30 Jun 22	65	1	14
31 Mar 22	53	2	12
31 Dec 21	35	10	12
30 Sep 21	19	2	10
30 Jun 21	5	-4	10
31 Mar 21	1	-8	11
31 Dec 20	1	-12	11
31 Dec 19	13	-14	11
31 Oct 19	16	-21	11
31 Jul 19	14	-25	10
30 Apr 19	8	-25	6
31 Jan 19	4	-19	6
31 Oct 18	0	-5	5
31 Jul 18	0	-4	4
30 Apr 18	0	-3	3
31 Jan 18	0	-1	1
31 Oct 17	0	-1	0
31 Jul 17	0	-1	1
30 Apr 17	0	-1	1
31 Jan 17	0	-1	1
31 Oct 16	0	-1	1
31 Jul 16	0	-1	1
30 Apr 16	0	0	0
31 Jan 16	0	0	0
31 Oct 15	0	-1	0
31 Jul 15	0	-1	0
30 Apr 15	0	-1	1
31 Jan 15	0	-1	1
31 Oct 14	0	-1	1
31 Jul 14	0	-1	1
30 Apr 14	0	-1	1

Quality Earnings: MAKO.F has high quality earnings.

Growing Profit Margin: MAKO.F became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MAKO.F has become profitable over the past 5 years, growing earnings by 58.8% per year.

Accelerating Growth: MAKO.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MAKO.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-29.4%).

Return on Equity

High ROE: MAKO.F's Return on Equity (34.1%) is considered high.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

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 Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Mako Mining Corp. to Report Q2, 2023 Results on Nov 21, 2022

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