Mako Mining Corp
Mako Mining Corp. engages in gold mining and exploration activities in Nicaragua. Its primary asset is San Albino property located in Nueva Segovia, Nicaragua. The company was formerly known as Golden Reign Resources Ltd. and changed its name to Mako Mining Corp. in November 2018. Mako Mining Corp. was incorporated in 2004 and is based in Vancouver, Canada.
Mako Mining Corp (MAKOF) - Net Assets
Latest net assets as of September 2025: $97.87 Million USD
Based on the latest financial reports, Mako Mining Corp (MAKOF) has net assets worth $97.87 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($151.41 Million) and total liabilities ($53.55 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $97.87 Million |
| % of Total Assets | 64.64% |
| Annual Growth Rate | 10.56% |
| 5-Year Change | 354.9% |
| 10-Year Change | N/A |
| Growth Volatility | 105.78 |
Mako Mining Corp - Net Assets Trend (2014–2024)
This chart illustrates how Mako Mining Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mako Mining Corp (2014–2024)
The table below shows the annual net assets of Mako Mining Corp from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $76.92 Million | +272.91% |
| 2023-12-31 | $20.63 Million | +50.90% |
| 2022-12-31 | $13.67 Million | -45.58% |
| 2021-12-31 | $25.12 Million | +48.54% |
| 2020-12-31 | $16.91 Million | +431.53% |
| 2018-12-31 | $-5.10 Million | -116.93% |
| 2017-12-31 | $30.13 Million | -0.86% |
| 2016-12-31 | $30.39 Million | -6.48% |
| 2015-12-31 | $32.50 Million | +15.32% |
| 2014-12-31 | $28.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mako Mining Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5269358500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $140.94 Million | 183.22% |
| Total Equity | $76.92 Million | 100.00% |
Mako Mining Corp Competitors by Market Cap
The table below lists competitors of Mako Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Athens Water Supply and Sewerage Company S.A
PINK:AHWSF
|
$247.30 Million |
|
GuocoLand Limited
MU:FS8
|
$247.32 Million |
|
Asiana Airline
KO:020560
|
$247.32 Million |
|
Mudanjiang Hengfeng Paper Co Ltd
SHG:600356
|
$247.38 Million |
|
Anhui Fengxing Wear Resistant Materials Co Ltd
SHE:002760
|
$247.26 Million |
|
Suzhou Sunmun Technology Co Ltd
SHE:300522
|
$247.21 Million |
|
FIVE PT.HLDGS CL.AREP.
F:FP9
|
$247.21 Million |
|
Suzhou Yangtze New Materials
SHE:002652
|
$247.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mako Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,628,000 to 76,923,000, a change of 56,295,000 (272.9%).
- Net income of 19,152,000 contributed positively to equity growth.
- Share repurchases of 4,698,000 reduced equity.
- Other factors increased equity by 41,841,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.15 Million | +24.9% |
| Share Repurchases | $4.70 Million | -6.11% |
| Other Changes | $41.84 Million | +54.39% |
| Total Change | $- | 272.91% |
Book Value vs Market Value Analysis
This analysis compares Mako Mining Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 19.32x to 3.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.15 | $2.93 | x |
| 2017-12-31 | $0.15 | $2.93 | x |
| 2018-12-31 | $-0.02 | $2.93 | x |
| 2020-12-31 | $0.03 | $2.93 | x |
| 2021-12-31 | $0.04 | $2.93 | x |
| 2022-12-31 | $0.21 | $2.93 | x |
| 2023-12-31 | $0.31 | $2.93 | x |
| 2024-12-31 | $0.97 | $2.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mako Mining Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.80%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.39x
- Recent ROE (24.90%) is above the historical average (-7.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -2.89% | 0.00% | 0.00x | 1.02x | $-3.63 Million |
| 2015 | -1.44% | 0.00% | 0.00x | 1.04x | $-3.72 Million |
| 2016 | -3.51% | 0.00% | 0.00x | 1.05x | $-4.11 Million |
| 2017 | -1.99% | 0.00% | 0.00x | 1.05x | $-3.61 Million |
| 2018 | 0.00% | -284.21% | 0.35x | 0.00x | $-21.81 Million |
| 2020 | -71.73% | -867.60% | 0.03x | 2.92x | $-13.82 Million |
| 2021 | 36.33% | 29.50% | 0.57x | 2.15x | $6.61 Million |
| 2022 | -87.62% | -18.90% | 1.40x | 3.30x | $-13.34 Million |
| 2023 | 32.96% | 10.31% | 1.58x | 2.03x | $4.74 Million |
| 2024 | 24.90% | 20.80% | 0.86x | 1.39x | $11.46 Million |
Industry Comparison
This section compares Mako Mining Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mako Mining Corp (MAKOF) | $97.87 Million | -2.89% | 0.55x | $247.29 Million |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |