Mako Mng Stock Price, News & Analysis

Mako Mining (OTCQX:MAKOF / TSX-V:MKO) closed a C$40,250,000 bought‑deal brokered private placement of 5,031,250 common shares including the full over‑allotment, and a concurrent C$15,000,000 non‑brokered private placement of 1,875,000 common shares to funds managed by Wexford, for combined gross proceeds of C$55,250,000.

Proceeds are intended for ramp up of Moss Mine operations, construction of development assets, and general working capital. The LIFE Offered Shares and Concurrent Placement Shares are listed on the TSXV and are not subject to Canadian hold periods. The underwriters received a cash commission of C$2,415,000 (6.0% of the brokered proceeds). Wexford’s aggregate holding moved from ~47.73% to ~46.10% after closing.

Mako Mining (OTCQX:MAKOF) has announced a strategic acquisition of the Mt. Hamilton Gold-Silver Project in Nevada through a complex transaction with Sailfish Royalty Corp. The permitted project includes a significant gold-silver resource with 578,000 oz of gold and 4.84 million oz of silver in Measured & Indicated categories.

The acquisition involves two key transactions: First, Sailfish will acquire Mt. Hamilton LLC for US$40 million in cash, funded through a Wexford Capital bridge loan. Second, Sailfish will transfer the project to Mako in exchange for a corporate gold stream and a 2% NSR royalty. Notably, the deal requires no equity dilution.

The project also features a promising tungsten-copper-molybdenum target below the gold-silver deposit, with historical estimates indicating 6.2 Mt at 0.37% WO3, marking Mako's entry into U.S. critical metals sector.

Mako Mining (OTCQX:MAKOF) reported exceptional Q2 2025 financial results, achieving record performance metrics. The company generated $38.7 million in revenue from gold sales, a significant increase from $28.3 million in Q2 2024. Key highlights include record Adjusted EBITDA of $21.3 million, an $18.2 million increase in cash, and earnings per share of $0.11.

The company sold 11,476 ounces of gold at an average price of $3,323 per ounce, with Cash Costs of $1,509 and AISC of $1,668 per ounce sold. Mako demonstrated strong operational efficiency with a Twelve Trailing Months ROE of 33.9% and ROA of 23.5%. The company expects similar production rates for San Albino in H2 2025, with Q4 projected to be a record quarter as mining resumes at Moss Mine.

Mako Mining (OTCQX:MAKOF) has reported significant drill results from its El Golfo area within the El Jicaro Concession in Nicaragua. The highlight intersections include 197.80 g/t Au over 0.70m and 27.86 g/t Au over 4.00m estimated true width. The company has expanded its initial 3,000-meter RC drilling program to 6,500 meters of combined RC and diamond drilling following encouraging results.

The drilling program has confirmed the discovery announced in May 2025, defining a large footprint with dip potential measured in hundreds of meters and strike trends over multiple kilometers. The mineralization consists of multiple subparallel gold-bearing quartz veins with a northeast-southwest strike, hosted by deformed carbonaceous schists similar to those currently being mined by Mako.

The company plans to conduct a more aggressive drill program with the potential to incorporate the El Golfo area into their mine plan.

Mako Mining (OTCQX:MAKOF) reported strong Q2 2025 production results, achieving record gold revenue of $38.1 million. The company's San Albino gold mine in Nicaragua produced 10,104 oz of gold sold at $3,323 per ounce, while the Moss Mine contributed 1,372 oz from residual leaching.

Key operational metrics at San Albino include 54,354 tonnes mined at 6.24 g/t Au grade, 52,705 tonnes milled with 80.3% gold recovery, and mill throughput of 595 tonnes per day at 97% availability. The company's cash position increased significantly to $28.6 million, up $18.2 million from the previous quarter.

Additionally, Mako is advancing its Eagle Mountain project in Guyana, with environmental and engineering studies underway, and plans to restart mining operations at the Moss Mine in early Q3 2025.

Mako Mining (OTCQX:MAKOF) has acquired approximately US$49.5 million in debt from Elevation Gold Mining Corporation for US$1.8 million in cash. The debt was previously held by Maverix Metals Inc., a subsidiary of Triple Flag Precious Metals Corp. The transaction includes various promissory notes, loan agreements, and streaming agreements.

The company announced plans to pursue a Nasdaq listing to broaden its investor base and improve trading liquidity. Additionally, Mako announced board changes with John Pontius stepping down and Asheef Lalani, a CFA and CA, joining as a new director. The company also granted 6,500 RSUs to Chairman Eric Fier.

Mako Mining has fully recovered the US$6.4 million acquisition cost of its Moss Mine in Arizona through residual leaching operations and a US$1.53 million return from Trisura Insurance. The company's cash position has strengthened significantly, reaching US$27.4 million, marking a US$13.8 million increase since the start of Q2 2025. Mining operations at Moss Mine are set to restart in early July 2025, with steady-state production expected by Q4 2025. The company has engaged a new mine contractor, with equipment delivery scheduled for late June. Cash flow from both Moss and San Albino mines will fund exploration activities and the construction of the Eagle Mountain Project in Guyana, pending permits expected by Q2 2026.

Mako Mining reported exceptional Q1 2025 financial results, with record gold sales of $31.8 million from its San Albino and Moss mines. The company achieved record Mine Operating Cash Flow of $19.9 million, Adjusted EBITDA of $16.1 million, and Net Income of $9.4 million. They sold 10,817 oz of gold at an average price of $2,915/oz, with Cash Cost of $1,239/oz and AISC of $1,411/oz. The quarter was marked by the completion of the Moss Mine acquisition on March 27th, 2025. Without the Moss acquisition effect, Cash Cost and AISC would have been lower at $1,037/oz and $1,225/oz respectively. The company maintains strong financial health with $22.0 million in Cash and Receivables and $3.3 million in Restricted Cash as of May 31st, 2025. Mako demonstrated impressive returns with TTM ROE of 47.5% and ROA of 30.9%.

Mako Mining (MAKOF) has reported significant results from its 2025 RC drill program at the El Golfo area within Nicaragua. The key highlight is drill hole EJ25-RC53, which intersected 39.15 g/t Au and 27.8 g/t Ag over 8.0m (5.9m ETW), just 19.2m below surface. This is part of a 3,000-meter drilling program on their 224 km² land package. The El Golfo area, with historical mining dating back to the 18th century, is located less than 1km from the company's active Las Conchitas pits and 500 tonne/day San Albino plant. Additionally, Mako announced the acquisition of the new Tiburon concession, covering 36.05 km², valid until 2049. Historical mining at El Golfo reported impressive grades of 21.56 g/t Au before operations ceased in 1915 due to flooding.