Mako Mining Corp (MKO) - Net Assets
Based on the latest financial reports, Mako Mining Corp (MKO) has net assets worth CA$150.73 Million CAD (≈ $109.04 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$208.44 Million ≈ $150.79 Million USD) and total liabilities (CA$57.71 Million ≈ $41.75 Million USD). 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. Check Mako Mining Corp (MKO) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$150.73 Million |
| % of Total Assets | 72.31% |
| Annual Growth Rate | 32.1% |
| 5-Year Change | 500.1% |
| 10-Year Change | 482.26% |
| Growth Volatility | 204.33 |
Mako Mining Corp - Net Assets Trend (2004–2025)
This chart illustrates how Mako Mining Corp's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Mako Mining Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mako Mining Corp (2004–2025)
The table below shows the annual net assets of Mako Mining Corp from 2004 to 2025. For live valuation and market cap data, see market value of Mako Mining Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$150.73 Million ≈ $109.04 Million |
+95.95% |
| 2024-12-31 | CA$76.92 Million ≈ $55.64 Million |
+272.91% |
| 2023-12-31 | CA$20.63 Million ≈ $14.92 Million |
+50.90% |
| 2022-12-31 | CA$13.67 Million ≈ $9.89 Million |
-45.58% |
| 2021-12-31 | CA$25.12 Million ≈ $18.17 Million |
+48.54% |
| 2020-12-31 | CA$16.91 Million ≈ $12.23 Million |
+431.53% |
| 2018-12-31 | CA$-5.10 Million ≈ $-3.69 Million |
-116.93% |
| 2017-12-31 | CA$30.13 Million ≈ $21.80 Million |
-0.86% |
| 2016-12-31 | CA$30.39 Million ≈ $21.98 Million |
+17.40% |
| 2015-12-31 | CA$25.89 Million ≈ $18.73 Million |
+10.45% |
| 2014-12-31 | CA$23.44 Million ≈ $16.95 Million |
+11.42% |
| 2013-12-31 | CA$21.04 Million ≈ $15.22 Million |
+16.35% |
| 2012-12-31 | CA$18.08 Million ≈ $13.08 Million |
+29.06% |
| 2011-12-31 | CA$14.01 Million ≈ $10.13 Million |
+30.45% |
| 2010-12-31 | CA$10.74 Million ≈ $7.77 Million |
+664.79% |
| 2009-12-31 | CA$1.40 Million ≈ $1.02 Million |
+43.27% |
| 2008-12-31 | CA$980.12K ≈ $709.00K |
-32.93% |
| 2007-12-31 | CA$1.46 Million ≈ $1.06 Million |
-51.37% |
| 2006-12-31 | CA$3.01 Million ≈ $2.17 Million |
+619.39% |
| 2005-12-31 | CA$417.77K ≈ $302.21K |
-4.12% |
| 2004-12-31 | CA$435.73K ≈ $315.20K |
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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 3077456429.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$181.61 Million | 120.49% |
| Total Equity | CA$150.73 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 |
|---|---|
|
Hangzhou Huawang New Material Technology Co.Ltd.
SHG:605377
|
$721.72 Million |
|
Terrestrial Energy Inc
NASDAQ:IMSR
|
$721.73 Million |
|
CFM Indosuez Wealth SA
PA:MLCFM
|
$721.98 Million |
|
Arrowhead Properties Ltd B
JSE:FTB
|
$722.17 Million |
|
Guizhou Taiyong Changzheng Technology Co Ltd Class A
SHE:002927
|
$721.46 Million |
|
Yunnan Yunwei Co Ltd Class A
SHG:600725
|
$721.40 Million |
|
Inspur Software Co Ltd
SHG:600756
|
$721.38 Million |
|
Riley Exploration Permian Inc
NYSE MKT:REPX
|
$721.17 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 2024 to 2025, total equity changed from 76,923,000 to 150,733,000, a change of 73,810,000 (96.0%).
- Net income of 33,740,000 contributed positively to equity growth.
- Share repurchases of 1,357,000 reduced equity.
- New share issuances of 39,495,000 increased equity.
- Other factors increased equity by 1,932,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$33.74 Million | +22.38% |
| Share Repurchases | CA$1.36 Million | -0.9% |
| Share Issuances | CA$39.49 Million | +26.2% |
| Other Changes | CA$1.93 Million | +1.28% |
| Total Change | CA$- | 95.95% |
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: 6.57x
- 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 25.53x to 6.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CA$0.45 | CA$11.39 | x |
| 2005-12-31 | CA$0.34 | CA$11.39 | x |
| 2006-12-31 | CA$1.51 | CA$11.39 | x |
| 2007-12-31 | CA$0.54 | CA$11.39 | x |
| 2008-12-31 | CA$0.36 | CA$11.39 | x |
| 2009-12-31 | CA$0.50 | CA$11.39 | x |
| 2010-12-31 | CA$2.59 | CA$11.39 | x |
| 2011-12-31 | CA$2.34 | CA$11.39 | x |
| 2012-12-31 | CA$2.57 | CA$11.39 | x |
| 2013-12-31 | CA$2.32 | CA$11.39 | x |
| 2014-12-31 | CA$2.00 | CA$11.39 | x |
| 2015-12-31 | CA$2.04 | CA$11.39 | x |
| 2016-12-31 | CA$1.70 | CA$11.39 | x |
| 2017-12-31 | CA$1.50 | CA$11.39 | x |
| 2018-12-31 | CA$-0.21 | CA$11.39 | x |
| 2020-12-31 | CA$0.27 | CA$11.39 | x |
| 2021-12-31 | CA$0.38 | CA$11.39 | x |
| 2022-12-31 | CA$2.08 | CA$11.39 | x |
| 2023-12-31 | CA$0.31 | CA$11.39 | x |
| 2024-12-31 | CA$0.97 | CA$11.39 | x |
| 2025-12-31 | CA$1.73 | CA$11.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mako Mining Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.72%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.38x
- Recent ROE (22.38%) is above the historical average (-22.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -24.42% | 0.00% | 0.00x | 1.02x | CA$-149.98K |
| 2005 | -123.45% | 0.00% | 0.00x | 1.21x | CA$-557.51K |
| 2006 | -50.60% | 0.00% | 0.00x | 1.02x | CA$-1.82 Million |
| 2007 | -127.42% | 0.00% | 0.00x | 1.05x | CA$-2.01 Million |
| 2008 | -26.01% | 0.00% | 0.00x | 1.03x | CA$-352.95K |
| 2009 | -24.10% | 0.00% | 0.00x | 1.04x | CA$-478.82K |
| 2010 | -12.85% | 0.00% | 0.00x | 1.02x | CA$-2.45 Million |
| 2011 | -13.44% | 0.00% | 0.00x | 1.07x | CA$-3.28 Million |
| 2012 | -8.01% | 0.00% | 0.00x | 1.05x | CA$-3.26 Million |
| 2013 | -4.06% | 0.00% | 0.00x | 1.04x | CA$-2.96 Million |
| 2014 | -2.89% | 0.00% | 0.00x | 1.02x | CA$-3.02 Million |
| 2015 | -1.44% | 0.00% | 0.00x | 1.04x | CA$-2.96 Million |
| 2016 | -3.53% | 0.00% | 0.00x | 1.05x | CA$-4.11 Million |
| 2017 | -1.99% | 0.00% | 0.00x | 1.05x | CA$-3.61 Million |
| 2018 | 0.00% | -284.21% | 0.35x | 0.00x | CA$-21.81 Million |
| 2020 | -71.73% | -867.60% | 0.03x | 2.92x | CA$-13.82 Million |
| 2021 | 39.66% | 32.21% | 0.57x | 2.15x | CA$7.45 Million |
| 2022 | -87.62% | -18.90% | 1.40x | 3.30x | CA$-13.34 Million |
| 2023 | 32.96% | 10.31% | 1.58x | 2.03x | CA$4.74 Million |
| 2024 | 24.90% | 20.80% | 0.86x | 1.39x | CA$11.46 Million |
| 2025 | 22.38% | 22.72% | 0.71x | 1.38x | CA$18.67 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: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mako Mining Corp (MKO) | CA$150.73 Million | -24.42% | 0.38x | $721.48 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Mako Mining Corp
Mako Mining Corp. engages in mineral exploration and exploitation activities in Nicaragua, the United States, and Guyana. The company explores for gold and silver deposits. Its primary asset is its 100%-owned San Albino mine comprising the San Albino and the Las Conchitas gold deposits, which consist of five mineral concessions covering an area of approximately 22,422 hectares located within the … Read more