MAKO | Market Cap: $634.0M (07/13/26)
Industry:
Metals & Mining
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DESCRIPTION

Mako Mining is a Canadian-listed gold producer focused primarily on the San Albino Mine in Nueva Segovia, Nicaragua, which generates essentially all of Mako's revenue. San Albino is a narrow-vein, open-pit mine that Mako describes as one of the highest-grade open-pit gold mines in the world, with ore grades running above 5 g/t Au at the processing plant. Mako processes ore through a conventional CIL plant at roughly 400–500 tonnes per day, achieving gold recoveries of roughly 86–94% depending on ore type. Mining has expanded to include the nearby Las Conchitas deposit, which feeds the same San Albino processing plant. Beyond Nicaragua, Mako owns three development-stage assets: the Moss Mine in Arizona, a heap-leach gold-silver operation acquired in early 2025 and being restarted; the Eagle Mountain Project in Guyana, a bulk-tonnage, low-grade open-pit project at the PEA stage with a 15-year mine life outlined; and the early-stage Mt. Hamilton property in Nevada. Mako's business model is straightforward — mine ore, process it into doré, and sell to refiners at the prevailing gold price. Profitability is driven by San Albino's unusually high open-pit grade, which allows Mako to recover more gold per tonne processed despite a high strip ratio and a relatively small plant. Mako's growth strategy focuses on extending San Albino's mine life through drilling, restarting Moss Mine to diversify revenue away from Nicaragua, and advancing Eagle Mountain toward a construction decision over the longer term.

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