Friday 6 November 2026
Export MAKO’s income statement to Excel — free account
Mako Mining Corp.
MAKO Basic Materials Gold
Mako Mining Corp.’s revenue for fiscal 2025 (year ended December 2025) was $148.5 million, up 61.2% from fiscal 2024.
- Revenue
- +61.7%
- EPS
- +44.7%
- Free cash flow
- +25.3%
Quarter to June 2026, against a year earlier
7.86
0.03
−0.38%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 66 | 92 | 148 | 209 | +50.0% | — | — | — | — | |
| Gross margin, % | — | — | — | — | — | — | — | 34.63 | 50.38 | 50.53 | 53.27 | +15.9 pt | ||||||
| EBT | — | — | — | — | — | — | — | 9 | 29 | 55 | 84 | +148.1% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 13.47 | 31.87 | 36.84 | 40.24 | +23.4 pt | ||||||
| Net income | — | — | — | — | — | — | — | 7 | 19 | 34 | 53 | +122.8% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 1.00 | 1.28 | 1.82 | 2.38 | +34.6% | |||||
| Earnings | — | — | — | — | — | — | — | 0.10 | 0.27 | 0.41 | 0.60 | +99.9% | ||||||
| Cash flow | — | — | — | — | — | — | — | 0.19 | 0.48 | 0.65 | 0.82 | +84.9% | ||||||
| Capex | — | — | — | — | — | — | — | (0.07) | (0.18) | (0.15) | (0.18) | +44.3% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 0.12 | 0.30 | 0.50 | 0.65 | +106.1% | ||||||
| Book value | — | — | — | — | — | — | — | 0.31 | 1.07 | 1.84 | 2.16 | +142.5% | ||||||
| Shares, m | — | — | — | — | — | — | — | 66 | 72 | 82 | 84 | +11.5% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 8.32 | 8.32 | 14.05 | 13.03 | 10.2 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 1.73 | 3.19 | 3.31 | 1.6 | ||||||
| P/B | — | — | — | — | — | — | — | 0.00 | 2.07 | 3.14 | 3.63 | 1.7 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 1.64 | 2.70 | 2.80 | 1.4 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 0.00 | 7.02 | 9.88 | 10.29 | 5.6 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 12 | 34 | 53 | 72 | +106.1% | |||||
| Capex | — | — | — | — | — | — | — | (5) | (13) | (12) | (16) | +60.8% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 8 | 22 | 41 | 57 | +129.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 7 | 11 | 83 | 106 | +242.7% | |||||
| Net debt | — | — | — | — | — | — | — | 9 | (8) | (77) | (112) | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 21 | 77 | 151 | 190 | +170.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 25.73 | 21.39 | 23.82 | +21.4 pt | |||||
| ROIC | — | — | — | — | — | — | — | 20.82 | 30.36 | 45.30 | 67.34 | +24.5 pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 39.27 | 29.64 | 36.63 | +29.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | 460 | — | — | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.32 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Mako Mining Corp. vs peers in Gold (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| DC Dakota Gold Corp. | $754.1M | — (loss-making) | — | — | n/m | −71.27% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| OGG Osisko Gold Group Inc. | $735.8M | 58.5× | 16.3× | +376.66% (above 0%: growing) | n/m | −228.36% (below 0%: shrinking) | 63.24% | 24.71% | Compare |
| GROY Gold Royalty Corp. | $720.5M | 780× | 72.5× | +76.09% (above 0%: growing) | n/m | +246.00% (above 0%: growing) | 69.31% | 32.26% | Compare |
| MAKO Mako Mining Corp. | $685.1M | 13.0× | — | +61.68% (above 0%: growing) | +44.67% (above 0%: growing) | +25.26% (above 0%: growing) | 49.25% | 38.22% | |
| NFGC New Found Gold Corp. | $631.7M | — (loss-making) | — | — | n/m | −108.07% (below 0%: shrinking) | 12.96% | (109.76%) | Compare |
| GAU Galiano Gold Inc. | $554.6M | 7.7× | 3.1× | +116.69% (above 0%: growing) | +242.86% (above 0%: growing) | −414.66% (below 0%: shrinking) | 70.07% | 49.18% | Compare |
| GORO Gold Resource Corporation | $498.1M | 54.2× | — (loss-making) | +293.48% (above 0%: growing) | n/m | +48.03% (above 0%: growing) | 29.51% | 8.50% | Compare |
| CTGO Contango Silver & Gold Inc. | $497.6M | — (loss-making) | — | — | −88.89% (below 0%: shrinking) | −209.25% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| THM International Tower Hill Mines Ltd | $316.6M | — (loss-making) | — | — | n/m | −36.56% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $593.1M | 56.3× | 16.3× | +205.09% | — | −89.67% | 21.23% | 4.25% |