Mako Mining Corp. (MKO) Financings
TSXV: MKO · Gold · Production stage
- Market cap$1.11B
- Share price$12.70
- 52-week range$7.01 – $15.36
- Shares outstanding87,690,077
- ExchangeTSXV
- Websitewww.makominingcorp.com
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally and offers district-scale exploration potential. Mako also owns two assets in the US: the Moss Mine in Arizona, an open pit gold mine in northwestern Arizona and the Mt. Hamilton Project, a permitted heap leach project in Nevada. Mako also holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, South America. Eagle Mountain is the subject of engineering, environmental and mine permitting activity.
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Mako Mining Corp. financial statements
Key figures read from 39 of 41 financial statement filings, Mar 30, 2017 to Aug 13, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$77,277 | US$14,521 | US$1,498 | US$523 | US$1,944 |
| Total current assets | US$111,722 | US$27,374 | US$16,714 | US$12,904 | US$9,931 |
| Total current liabilities | US$28,848 | US$16,601 | US$9,658 | US$16,156 | US$10,008 |
| Working capital | US$82,874 | US$10,773 | US$7,056 | (US$3,252) | (US$77) |
| Exploration and evaluation assets | US$350 | US$0 | US$765 | US$765 | US$765 |
| Property, plant and equipment | US$80,581 | US$69,762 | US$19,767 | US$31,499 | US$42,912 |
| Total assets | US$208,445 | US$107,082 | US$41,809 | US$45,171 | US$54,122 |
| Debt | US$0 | US$6,609 | US$10,668 | US$15,041 | US$21,364 |
| Total liabilities | US$57,712 | US$30,159 | US$21,181 | US$31,501 | US$29,004 |
| Shareholders' equity | US$150,733 | US$76,923 | US$20,628 | US$13,670 | US$25,118 |
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$148,421 | US$91,608 | US$65,432 | US$62,931 | US$30,678 |
| Cost of sales | (US$65,473) | (US$38,222) | (US$28,622) | (US$30,993) | (US$13,794) |
| Exploration and evaluation expense | (US$9,363) | (US$3,263) | (US$4,356) | (US$11,517) | (US$5,687) |
| General and administrative | (US$10,808) | (US$8,649) | (US$7,194) | (US$6,232) | (US$6,332) |
| Impairments and write-downs | — | — | (US$1,169) | (US$2,200) | — |
| Net income (loss) | US$33,740 | US$19,152 | US$6,799 | (US$11,977) | US$9,125 |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$52,977 | US$34,451 | US$12,471 | US$16,380 | US$137 |
| Investing cash flow | (US$20,336) | (US$13,185) | (US$4,764) | (US$8,799) | (US$3,864) |
| Financing cash flow | US$30,071 | (US$8,233) | (US$6,752) | — | — |
| Exploration spending (capitalized) | — | — | (US$4,764) | (US$8,799) | (US$8,413) |
| Property, plant and equipment spending | (US$12,320) | (US$12,878) | — | — | — |
| Proceeds from share issues | US$37,437 | US$0 | — | — | — |
| Change in cash | US$62,756 | US$13,023 | US$975 | (US$1,421) | (US$689) |
| Cash at end of period | US$77,277 | US$14,521 | US$1,498 | US$523 | US$1,944 |
Mako Mining Corp. financings
1 financing announced or closed by Mako Mining Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-10-16 | Mako Mining Corp. (MKO) | LIFE offering, bought deal | Closed, 1 tranche | $40.3M | $8.00 | Mako Mining Announces C$35 Million Bought Deal Private Placement of Common Shares and Concurrent C$15 Million Non-Brokered Private Placement of Common Shares |
Mako Mining Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Mako Mining Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-01-13 | Loan, repaid / settled | — | US$78.1M | — |
| 2024-03-28 | Loan, amended | — | US$960,000 | matures 2029-03-31 |
| 2023-05-25 | Loan, repaid / settled | Wexford Spectrum Trading Limited and Debello Trading Limited | US$6.9M | — |
| 2023-03-02 | Gold loan, repaid / settled | Sailfish Royalty Corp | — | — |
| 2020-02-21 | Loan, closed / funded | Wexford Catalyst Trading Limited | US$15.15M | 8%, matures 2022-08 |