Mako Mining Corp Dossier
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SectorMaterials IndustryGold Beta (adjusted)1.53 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $9.30Price as of 1 Oct 2026 Data confidenceNot applicable Market Cap $814.7M Next Earnings Date19 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Mako Mining Corp. has successfully transitioned from a single-asset producer to a multi-asset gold mining company with a robust growth pipeline across the Americas. Anchored by the highly profitable, high-grade San Albino mine in Nicaragua and the newly acquired, ramping-up Moss Mine in Arizona, Mako is generating record revenues and operating cash flows. With a debt-free balance sheet, over $112 million in cash and liquid assets, and two major development projects (Mt. Hamilton in Nevada and Eagle Mountain in Guyana) fully funded, the company is uniquely positioned to deliver substantial production growth and shareholder value over the next few years. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $12.0010% Operational setbacks or grade dilution occur at San Albino or Moss Mine, leading to higher-than-expected AISC. Geopolitical risks in Nicaragua escalate, impacting operations or cash repatriation. Permitting or construction delays push back the first gold target at Mt. Hamilton beyond 2027, and a sharp decline in gold prices compresses operating margins. Base CaseCentral scenario $20.0060% San Albino continues its highly profitable, high-grade operations, and the Moss Mine successfully ramps up to steady-state production, supporting a 15-year mine life. Mt. Hamilton is constructed on time for first gold in Q4 2027, and Eagle Mountain advances as planned. The company maintains its debt-free status and utilizes its $112 million cash cushion to fund all capital requirements internally. Bull CaseUpside scenario $25.0030% Gold prices remain elevated above $2,500/oz, and the Moss Mine ramps up ahead of schedule, exceeding its LOM average production targets. Exploration at Las Conchitas (San Albino) continues to yield high-grade intercepts, extending the mine life. Mt. Hamilton construction proceeds smoothly toward a Q4 2027 startup, and Eagle Mountain is fast-tracked. The company's strong cash generation leads to share buybacks or the initiation of a dividend. Scenarios reflect our research view at the research date. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |