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%
Market cap
$685.1M
P/E
13.0×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
6.75
Beneish M
−1.47
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.80%

Capital & Financial Ratios $m

Size
Market Cap 685.11
Revenue ttm 209.16
Net income ttm 52.51
Free cash flow ttm 56.86
Net debt Q (112.02)
Valuation
P/E 13.03
Forward P/E —
Price / sales 3.31
Forward P/S Powerpack
Price / FCF 12.16
Price / book 3.63
Financial health
Current ratio Q 3.11 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +61.68% (above 0%: growing)
Operating income growth Q +73.96% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2 15 77 112
Receivables 1 2 5 6
Inventory 14 11 29 38
Other — — — —
17 27 112 157
2023 2024 2025 Q'26
Payables 7 15 28 37
ST’ Debt 3 2 — —
Other — — — 13
10 17 29 50

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.26 0.15 — — —
’25 0.12 0.11 0.01 0.17 0.41
’24 0.08 0.13 0.00 0.05 0.26
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 69 63 — — —
’25 32 39 28 50 148
’24 19 28 16 29 92
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 19 27 — — —
’25 6 20 5 22 53
’24 5 8 5 16 34
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 16 20 — — —
’25 4 16 1 19 41
’24 4 6 1 11 22
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

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%

All 46 Gold stocks →

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stockrow.com/MAKO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com