Streetbeat News

MAKOF

Mako Mining Corp

Industry

Gold Ore Mining

Open

2.82

Mkt cap

223M

Volume

8.2K

High

2.83

P/E Ratio

8.06

52-wk high

2.96

Low

2.81

Div yield

N/A

52-wk low

1.73

Mako Mining Corp. has completed the acquisition of the Moss gold mine in Arizona's historic Oatman District for $6.49 million. The purchase was made through a transaction involving Wexford Capital LP, with the effective net acquisition cost reduced to approximately $2.0 million after gold and silver production and collateral release. The mine has already produced 1,593 ounces of gold and 11,023 ounces of silver valued at around $4.8 million since December 2024.

Portfolio Pulse from

March 27, 2025 | 11:00 am

Mako Mining Corp. has completed the acquisition of the Moss gold mine in Arizona's historic Oatman District for $6.49 million. The purchase was made through a transaction involving Wexford Capital LP, effectively reducing the net cash acquisition cost to approximately $2.0 million. The mine has already produced 1,593 ounces of gold and 11,023 ounces of silver since December 2024, generating around $4.8 million in value.

Portfolio Pulse from

March 27, 2025 | 11:00 am

Mako Mining Corp. is a high-margin, low-cost gold producer with strong operational momentum and exploration potential. It is undervalued at an 8x TTM P/E ratio, with imminent production restart at Moss Mine and high gold prices positioning it for substantial cash flow growth.

Portfolio Pulse from

March 04, 2025 | 10:15 am

Mako Mining Corp. has received conditional approval from the TSX Venture Exchange for its acquisition of the Moss Mine in Arizona. This acquisition involves purchasing all shares of EG Acquisition LLC from Wexford Capital LP.

Portfolio Pulse from

February 24, 2025 | 12:15 pm

Mako Mining Corp. reported record gold revenue of $28.8 million for Q4 2024 from its San Albino gold mine in Nicaragua, along with a cash increase of $9.5 million. The company also provided an update on its Eagle Mountain Gold Project in Guyana.

Portfolio Pulse from

January 13, 2025 | 12:15 pm

Mako Mining Corp. plans to acquire the Moss Mine in Arizona through a non-binding letter of intent, expanding its operations in the Americas. The acquisition will be completed by EG Acquisition LLC, a private corporation controlled by Mako's shareholder, Wexford Capital LP.

Portfolio Pulse from

December 31, 2024 | 12:30 pm

Mako Mining Corp. has received approval from the TSX Venture Exchange to initiate a normal course issuer bid, allowing the company to repurchase up to 5% of its outstanding common shares over the next year.

Portfolio Pulse from

November 14, 2024 | 12:00 pm

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