Latest news with #MakoMining
Associated Press
02-06-2025
- Business
- Associated Press
Mako Mining Reports First Quarter 2025 Financial Results, Including Record Mine Operating Cash Flow of US$19.9 million, Adjusted EBITDA of US$16.1 million and EPS of US$0.12/share from 10,817 oz Gold Sold at US$2,915/oz
VANCOUVER, BC / ACCESS Newswire / June 2, 2025 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ('Mako' or the 'Company') is pleased to provide financial results for the three months ended March 31st, 2025 ('Q1 2025"). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated. The Company's financial results for Q1 2025 reflect record gold sales from its San Albino and Moss Mine of $31.8 million (vs. $19.2 million in Q1 2024), which generated $19.9 million in Mine Operating Cash Flow (1) (4), $16.1 million in Adjusted EBITDA(1), and $9.4 million in Net Income. The Company sold 10,817 oz of gold at an average price of $2,915/oz with a $1,239 Cash Cost and $1,411 All-In Sustaining Cost ('AISC') ($/oz sold). (1) (2) On March 27th, 2025, Mako completed the acquisition of EGA (the 'Moss Acquisition'), which owned the Moss gold mine in Arizona, and these financial results reflect the consolidation of the Moss Acquisition into Mako's Q1 2025 Financial Statements and MD&A. Finished products in the amount of 936 oz of gold and 8,562 oz of silver were acquired at the time of acquisition, held on the balance sheet at market value of $3.2 million and sold immediately thereafter with a Cost of Goods Sold also amounting to $3.2 million. This had the effect of increasing our reported Cash Cost and AISC by $202/oz and $186/oz. Without the effect of the Moss Acquisition, the Company's Cash Cost and AISC would be $1,037/oz and $1,225/oz, respectively. Q1 2025 Mako Mining Highlights Financial Growth Subsequent to March 31, 2025 Q2 2025 (through May 31st) - Mako Mining Financial Highlights Akiba Leisman, Chief Executive Officer, states that 'Q1 was a transformative quarter for Mako. We acquired our second operating mine at Moss, which produces gold and silver through its residual leach operations. The acquisition was financed using a small fraction of this quarter's Mine Operating Cash Flow from San Albino. A new mining contractor for Moss was selected and will be mobilized to restart mining operations later this month. The San Albino mine continues to perform well, which helped Mako generate record Mine Operating Cash flow of US$19.9 million and US$9.4 million (US$0.12/share) of Net Income, while generating industry leading ROA and ROE of 30.9% and 47.5%, respectively. At the end of May, the Company's cash and receivable balance was US$22.0 million, with an additional US$3.3 million in restricted cash, 50% of which will be released imminently. Mako's rapidly growing cash position will be used for the development of the Eagle Mountain in Guyana, which we expect to be permitted for construction by Q2 2026". Table 1 - Revenue Table 2 - Operating and Financial Data Table 3 - EBITDA Reconciliation Chart 1 Q1 2025 - Mine OCF Calculation and Cash Reconciliation (in $ million) Chart 2 2025 - Mine OCF Calculation and Cash Reconciliation (in $ million) End Notes For complete details, please refer to condensed interim consolidated financial statements and the associated management discussion and analysis for the three months ended March 31st, 2025, available on SEDAR+ ( ) or on the Company's website ( ). Non-GAAP Measures The Company has included certain non-GAAP financial measures and non-GAAP ratios in this press release such as EBITDA, Adjusted EBITDA, Mine Operating Cash Flow cash cost per ounce sold, total cash cost per ounce sold, AISC per ounce sold. These non-GAAP measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. In the gold mining industry, these are commonly used performance measures and ratios, but do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's underlying performance of its core operations and its ability to generate cash flow. 'EBITDA' represents earnings before interest (including non-cash accretion of financial obligation and lease obligations), income taxes and depreciation, depletion and amortization. 'Adjusted EBITDA' represents EBITDA, adjusted to exclude exploration activities, share-based compensation and change in provision for reclamation and rehabilitation. 'Cash costs per ounce sold' is calculated by deducting revenues from silver sales and dividing the sum of mining, milling and mine site administration cost. 'Total cash costs per ounce sold' is calculated by deducting revenues from silver sales from production cash costs and production taxes and royalties and dividing the sum by the number of gold ounces sold. Production cash costs include mining, milling, mine site security and mine site administration costs. 'AISC per ounce sold' includes total cash costs (as defined above) and adds the sum of G&A, sustaining capital and certain exploration and evaluation ('E&E') costs, sustaining lease payments, provision for environmental fees, if applicable, and rehabilitation costs paid, all divided by the number of ounces sold. As this measure seeks to reflect the full cost of gold production from current operations, capital and E&E costs related to expansion or growth projects are not included in the calculation of AISC per ounce. Additionally, certain other cash expenditures, including income and other tax payments, financing costs and debt repayments, are not included in AISC per ounce. 'Mine OCF' represents operating cash flow, excluding Nicaraguan taxes and royalties, changes in non-cash working capital and exploration expense 'ROE' is calculated by dividing the twelve trailing months Net Income by the average shareholder's equity. The average shareholder's equity is calculated by adding the total equity at the end of the period to the total equity at the beginning of the period and dividing by two. 'ROA' is calculated by dividing the twelve trailing months Net Income by the average total assets. The average total assets is calculated by adding the total assets at the end of the period to the total assets at the beginning of the period and dividing by two. On behalf of the Board, Akiba Leisman Chief Executive Officer About Mako Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally and offers district-scale exploration potential. Mako also owns the Moss Mine in Arizona, an open pit gold mine in northwestern Arizona. Mako also holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, South America. Eagle Mountain is the subject of engineering, environmental and mine permitting activity. For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, Telephone: 917-558-5289, E-mail: [email protected] or visit our website at and SEDAR Forward-Looking Information: Some of the statements contained herein may be considered 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information can be identified by words such as, without limitation, 'estimate', 'project', 'believe', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' or variations thereon or comparable terminology. The forward-looking information contained herein reflects the Company's current beliefs and expectations, based on management's reasonable assumptions, and includes, without limitation, management's expectation that 50% of an additional US$3.3 million in restricted cash, will be released imminently for Mako, that the Moss will select and mobilize a new mining contractor to restart mining operations later this month of June, that growing cash position will be used for the development of the Eagle Mountain in Guyana, which is expect to be permitted for construction by Q2 2026. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, changes in the Company's exploration and development plans and growth parameters and its ability to fund its growth to reach its expected new record production numbers; unanticipated costs; the October 24 measures having impacts on business operations not current expected, or new sanctions being imposed by the U.S. Treasury Department or other government entity in Nicaragua in the future; and other risks and uncertainties as disclosed in the Company's public disclosure filings on SEDAR+ at Such information contained herein represents management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with information regarding the Company's Q1 2025 and full year 2024 financial results and may not be appropriate for other purposes. Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. press release
Associated Press
14-05-2025
- Business
- Associated Press
Mako Mining Intersects 117.98 g/t Gold over 1.7m (Estimated True Width) at Las Conchitas
VANCOUVER, BC / ACCESS Newswire / May 14, 2025 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ('Mako' or the 'Company') is pleased to provide additional exploration results from the ongoing reverse circulation ('RC') drill program at Mako's newest mining area, Las Conchitas in northern Nicaragua. Las Conchitas is located between the Company's San Albino Gold Mine and the nearby historical El Golfo Mine on the Company's El Jicaro Concession, where the Company has recently initiated an exploration drilling campaign (please see figure attached). The RC and diamond drill program at Los Conchitas has two key objectives: 1) to identify extensions of high-grade gold veins beyond the mineralized limits of the deposit as defined by the Company's 'Amended Technical Report and Estimate of Mineral Resources (MRE) for the San Albino Project Comprised of the San Albino and Las Conchitas Deposits, Nueva Segovia, Nicaragua' dated October 11, 2023 and updated on June 10, 2024; and 2) to further evaluate the underground resource potential and geotechnical characteristics to support the proposed Las Conchitas underground development. The drill results reported in this release are from multiple subparallel, northeast-southwest striking and gently dipping gold-bearing quartz veins. These results allow the Company to assess and identify potential future mining areas within the permitted ultimate open pit, as well as to assess potential areas for underground mining. Drilling Highlights Akiba Leisman, CEO of Mako states, 'these results demonstrate the high-grade nature of Las Conchitas, with clear potential to expand known areas that will be amenable to both open-pit and underground mining methods. Las Conchitas continues to be a profitable mining area for Mako since gold extraction began in July 2023, supplementing commercial production from the primary San Albino area since July 2021, and it will be an important contributor to Mako from its open pit and underground resources for the foreseeable future. However, Las Conchitas was selected as our second priority because of access and logistics, not because of resource potential. Our second priority was always at the historic El Golfo area to the southwest of Las Conchitas. Drilling at El Golfo commenced in April, with results due back imminently.' Cruz Grande/El Limon Vein Drilling between the Cruz Grande and El Limon/Mango/Bayacun ('LMB') pit area was designed to test the continuity of shallow gold mineralization, as defined in the MRE, and to evaluate the potential for underground resources within an area of sparse drill data (see drill plan below). Positively, the drill results indicate that the Cruz Grande and El Limon veins are part of a larger, interconnected mineralized system. Previously, the veins were interpreted as two distinct veins. Results justify additional drilling to delineate potential mining areas and to improve the understanding of gold distribution. Drill hole LC25-RC921 intersected 117.98 g/t Au and 37.0 g/t Ag over 2.0 m (1.7 m ETW), 103 m below surface, and confirmed an 87 m up-dip extension of the gold vein intersected by diamond drill hole LC19-124 (see press release dated January 6, 2020). LC19-124 intersected two intervals representing the El Limon Zone of 8.68 g/t Au and 24.9 g/t Ag over 0.8 m and 26.8 g/t Au and 50.1 g/t Ag over 0.7 m, respectively. The second interval intersected mineralization at a vertical depth of 155 meters. Intermediate Vein Drilling at the Intermediate pit area was designed to test a previously identified high-grade gold zone outside the MRE pit limits. Confirmation of this data has been positive, and mining has commenced in this area. LC24-RC721, situated between two pits defined in the MRE, intersected 14.76 g/t Au and 13.67 g/t Ag over 3.0 m (2.6 m ETW), 65 m below surface. This drill hole confirms structural continuity of the vein and demonstrates a 15 m strike extension from LC22-911 (see press release dated October 24, 2022) which intersected 22.89 g/t Au and 7.2 g/t Ag over 1.40 m (1.3 m ETW), at a vertical distance of 66.5 m. Mina Francisco Vein The Company has completed 27 RC drill holes totaling approximately 3,100 m, at a nominal 15 m spacing, in order to delineate gold mineralization for detailed underground mine design. The results of this drilling have identified a new high-grade vein ('MF2") and have demonstrated a higher grade-thickness than what was delineated in the previously identified Mina Francisco vein ('MF1"). The new high-grade mineralization intersected by drill hole LC25-RC873 reports 18.14 g/t Au and 9.5 g/t Ag over 7.0 m (6.7 m ETW), 111 m below surface. This composite contained both the MF1 and the new MF2 structure separated by 1 m of internal dilution (see table below). Drill hole LC24-RC614 located 47 m SW of LC25-RC873 also intersected two mineralized zones, 89 m below surface (see table below). The first interval intersected 24.1 g/t of Au and 11.4 g/t Ag over 1.0 m (ETW) in MF1 and 5 m below this interval, MF2 returned 24.59 g/t Au and 10.2 g/t Ag over 4.0 m (3.1 m ETW). These two holes indicate the potential to add an additional zone below the main zone which has not been considered in the current underground mine plan. Drilling to date indicates this new zone is at least 100 m x 40 m. Additional drilling is planned with the objective of extending this zone, as well as incorporating it into a detailed mine plan. The wider than average MF1 is defined by six drill holes which average 7.0 g/t Au over 3.6 m (ETW) making this area one of the wider zones encountered to date. The widest intercept was in hole LC25-RC611 which intersected 12.0 m (7.8 m ETW) at 5.01 g/t Au and 5.7 g/t Ag followed by LC25-RC612 which intersected 9.0 m (5.2 m ETW) at 5.27 g/t Au and 4.5 g/t Ag. The other holes that define this zone are LC25-RC609 - 9.81 g/t Au and 7.4 g/t Ag over 4.0 m (3.9 m ETW); LC25-RC610 - 6.70 g/t Au and 3.0 g/t Ag over 3.0 m (2.9 m ETW); LC25-RC614 - 24.10 g/t Au and 11.4 g/t Ag over 1.0 m (ETW) and LC22-536 7.69 g/t Au and 5.9 g/t Ag over 2.5 m (2.3 m ETW) (see press release dated Oct 24, 2022). The new, wider zone measures approximately 46 m x 46 m. The Company is also targeting extensions of shallow, high-grade gold zones beyond the current MRE pit limits. Drill hole LC24-RC633 intersected 29.57 g/t Au and 66.7 g/t Ag over 3.0 m (2.6 m ETW), 22 m below surface, and below the pit limit defined by the MRE. Bayacun vein (LMB Pit) In the LMB area, the key objective of the recent drilling program has been to test extensions of shallow, high-grade mineralized zones within the current MRE pit limits. Drill hole LC24-RC720 intersected, 24.95 g/t Au and 28.9 g/t Ag over 4.0 m (3.9 m ETW), 27 m below surface. This intercept is located 17 m up-dip from drill hole LC19-102, which intersected 15.21 g/t Au and 24.9 g/t Ag over 2.6 m (2.0 m ETW), 33 m below surface (see press release dated September 10, 2019). Table - Assay Results Reported in This Press Release Note: The mineralized intervals shown above utilize a 1.0 g/t gold cut-off grade with not more than 1.0 m of internal dilution. *Widths are reported as drill hole lengths. True width is estimated to be between 60% and 100% of the downhole width. In addition to the drill holes presented in the table above, the following drill holes returned only anomalous values: LC25-RC808, LC25-RC854, LC25-RC868, LC24-RC581, LC24-RC602, LC25-RC810, LC25-RC852, LC25-RC853, LC25-RC855, LC25-RC860, LC25-RC862, LC25-RC863, LC25-RC864, LC25-RC866, LC25-RC869, LC25-RC902, LC25-RC893, LC25-RC894, LC25-RC895, LC25-RC896, LC25-RC900, LC24-RC560, LC24-RC634, LC24-RC694, LC24-RC696, LC25-RC892, LC25-RC907, LC25-RC931, LC25-RC939, LC25-RC607, LC24-RC632, LC24-RC690, LC24-RC693, LC24-RC723, LC24-RC732, LC24-RC734, LC24-RC735, LC24-RC805, LC24-RC739, LC24-RC786, LC24-RC789, LC24-RC801, LC24-RC803, LC24-RC804, LC24-RC737, LC24-RC788, LC24-RC798, LC24-RC791, LC24-RC792, LC24-RC793, LC24-RC795, LC24-RC621, LC24-RC622, LC24-RC665, LC24-RC667, LC24-RC668, LC24-RC672, LC24-RC673,LC24-RC680, LC25-RC816, LC25-RC821, LC25-RC825, LC24-RC684, LC24-RC685, LC24-RC687, LC24-RC745, LC24-RC749, LC24-RC750, LC24-RC752, LC24-RC758, LC24-RC759, LC24-RC762, LC24-RC763, LC24-RC767, LC24-RC772, LC24-RC774. LC24-RC777, LC24-RC778, LC24-RC779, LC24-RC780, LC25-RC833, LC25-RC836, LC25-RC837, LC25-RC840, LC25-RC842, LC24-RC497, LC24-RC499, LC25-RC827, LC25-RC828, LC25-RC913, LC25-RC915, LC25-RC917, LC25-RC920, LC24-RC645,LC24-RC646, LC24-RC648, LC24-RC650, LC24-RC651, LC24-RC656, LC24-RC657, LC24-RC659, LC24-RC701, LC24-RC704, LC24-RC711, LC24-RC712, LC24-RC715, LC24-RC716 and LC24-RC719. In addition to the drill holes presented in the table above, the following drill holes returned no significant values: LC25-RC806, LC25-RC856, LC25-RC858, LC25-RC859, LC25-RC861, LC25-RC867, LC25-RC870, LC25-RC903, LC25-RC904, LC25-RC901, LC25-RC891, LC25-RC905, LC25-RC906, LC25-RC908 to LC25-RC910, LC25-RC932 to LC25-RC934, LC25-RC608, LC24-RC629, LC24-RC640, LC24-RC69141, LC24-RC697, LC24-RC730, LC24-RC740, LC24-RC781 to LC24-RC783, LC24-RC787, LC24-RC790, LC24-RC799, LC24-RC802, LC24-RC785, LC24-RC797, LC24-RC563, LC24-RC568, LC24-RC569, LC24-RC627, LC24-RC636, LC24-RC638, LC24-RC642, LC24-RC677, LC24-RC678, LC25-RC819, LC25-RC822, LC24-RC682, LC24-RC741, LC24-RC743, LC24-RC753, LC24-RC757, LC24-RC760, LC24-RC761, LC24-RC764, LC24-RC766, LC24-RC768 to LC24-RC771, LC24-RC773, LC24-RC776, LC25-RC838, LC25-RC839, LC25-RC830, LC25-RC911, LC25-RC912, LC25-RC916, LC24-RC649, LC24-RC702, LC24-RC703, LC24-RC705 to LC24-RC710, LC24-RC713, LC24-RC714, LC24-RC717 and LC24-RC718. Figure - Drill Hole Plan for Las Conchitas Sampling, Assaying, QA/QC and Data Verification All reverse circulation (RC) holes were drilled dry i.e., above the water table and no water or other fluids were injected into the hole. RC drill samples were collected every 1 meter using a center-return hammer and samples were obtained from a Gilson chip splitter which is cleaned using compressed air after each sample. Samples were bagged and labeled at the drill site under a geologist's supervision and are logged on site by a geologist who visually selects potential mineralized intervals for fire assay. The mineralized interval(s) including 3-5 samples above and below, the selected intervals are continuously sampled and shipped to the Bureau Veritas Lab (BV) in Managua, respecting the best chain of custody practices. Pulps are sent by Bureau Veritas to their laboratory in Vancouver under their chain of custody for analysis. Gold was analyzed by standard fire assay fusion, 30 gr aliquot, AAS finish. Samples returning over 10.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric method. The Company follows industry standards in its QA&QC procedures. Control samples consisting of duplicates, standards and blanks were inserted into the sample stream at a minimum ratio of 1 control sample per every 10 samples. Analytical results of control samples confirmed reliability of the assay data. Qualified Person Eric Fier, CPG, and Chairman of Mako, is a qualified person (as defined under NI 43-101) and has read and approved the technical information contained in this press release. On behalf of the Board, Akiba Leisman Chief Executive Officer About Mako Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally and offers district-scale exploration potential. Mako also owns the Moss Mine in Arizona, an open pit gold mine in northwestern Arizona. Mako also holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, South America. Eagle Mountain is the subject of engineering, environmental and mine permitting activity. For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, E-mail: [email protected], phone: (917) 558-5289 or visit our website at and SEDARPLUS Forward-Looking Information: Some of the statements contained herein may be considered 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information can be identified by words such as, without limitation, 'estimate', 'project', 'believe', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' or variations thereon or comparable terminology. The forward-looking information contained herein reflects the Company's current beliefs and expectations, based on management's reasonable assumptions, and includes, without limitation, that the Company high-grade production will generate significant cash flows for the foreseeable future, that El Golfo drilling results will be due back imminently, and that Las Conchitas will be an important contributor to Mako from its open pit and underground resources for the foreseeable future. Mako's primary objective to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, changes in the Company's exploration and development plans and growth parameters and its ability to fund its growth to reach its expected new production numbers; unanticipated costs; the October 24 measures having impacts on business operations not current expected, or new sanctions being imposed by the U.S. Treasury Department or other government entity in Nicaragua in the future; and other risks and uncertainties as disclosed in the Company's public disclosure filings on SEDAR at Such information contained herein represents management's best judgment as of the date hereof, based on information currently available. Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Mako Mining Corp. press release
Yahoo
14-04-2025
- Business
- Yahoo
Exploring Mako Mining And 2 Other Promising Canadian Small Caps
The Canadian market, like many others globally, has been navigating a period of heightened volatility due to trade tensions and shifting tariff policies. Despite these challenges, the current environment may present unique opportunities for investors willing to explore promising small-cap stocks such as Mako Mining and others that could potentially benefit from strategic positioning and resilience in uncertain times. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Total Energy Services 19.43% 15.31% 54.86% ★★★★★★ TWC Enterprises 4.89% 13.46% 20.23% ★★★★★★ Pinetree Capital 0.24% 59.68% 61.83% ★★★★★★ Genesis Land Development 46.48% 30.46% 55.37% ★★★★★☆ Mako Mining 8.59% 38.81% 59.80% ★★★★★☆ Itafos 28.17% 11.62% 53.49% ★★★★★☆ Corby Spirit and Wine 59.18% 8.79% -5.67% ★★★★☆☆ Queen's Road Capital Investment 8.87% 13.76% 16.18% ★★★★☆☆ Senvest Capital 81.59% -11.73% -12.63% ★★★★☆☆ Dundee 3.91% -36.42% 49.66% ★★★★☆☆ Click here to see the full list of 36 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener. We'll examine a selection from our screener results. Simply Wall St Value Rating: ★★★★★☆ Overview: Mako Mining Corp. is involved in gold mining and exploration activities in Nicaragua, with a market cap of CA$350.49 million. Operations: Mako Mining generates revenue primarily from its gold mining operations in Nicaragua. The company incurs costs related to exploration and production, which impact its profitability. Mako Mining, a nimble player in the mining sector, has been making waves with its impressive financial performance. Earnings surged by 181%, far outpacing the industry average of 34.5%. The company trades at a significant discount, about 83% below its estimated fair value, presenting potential upside for investors. Despite an increase in debt to equity from 0% to 8.6% over five years, Mako's cash position remains robust enough to cover its total debt and interest obligations comfortably. Recent acquisition of the Moss gold mine and ongoing projects like Eagle Mountain underscore Mako's strategic growth initiatives in precious metals exploration and production. Navigate through the intricacies of Mako Mining with our comprehensive health report here. Understand Mako Mining's track record by examining our Past report. Simply Wall St Value Rating: ★★★★☆☆ Overview: Thor Explorations Ltd., with a market cap of CA$365.38 million, operates as a gold producer and explorer through its subsidiaries. Operations: Thor Explorations generates revenue primarily from the Segilola Mine Project, amounting to $150.41 million. Thor Explorations has been making strategic moves to bolster its position in the gold mining sector, with a focus on projects in Senegal and Nigeria. The company is advancing the Douta project towards a preliminary feasibility study, which could unlock significant project value. Recent drilling results from the Douta-West licence revealed promising gold intersections, including 19 meters at 2.46g/t Au and 26 meters at 1.31g/t Au, indicating potential for resource expansion. Financially, Thor's debt-to-equity ratio increased to 2.8% over five years but remains manageable given its strong earnings growth of 63.1% annually over this period and positive free cash flow of C$43 million as of September 2024 suggests robust financial health despite external challenges like diesel prices impacting net margins. Thor Explorations' strategic projects in Senegal and Nigeria could diversify income sources. Click here to explore the detailed narrative on Thor Explorations. Simply Wall St Value Rating: ★★★★★★ Overview: Winpak Ltd. is a company that manufactures and distributes packaging materials and related packaging machines across the United States, Canada, and Mexico with a market capitalization of CA$2.48 billion. Operations: Winpak generates revenue primarily from three segments: Flexible Packaging ($597.98 million), Rigid Packaging and Flexible Lidding ($499.31 million), and Packaging Machinery ($33.61 million). Winpak, a smaller player in the packaging sector, has demonstrated steady financial health with no debt over the past five years and an impressive 8.3% annual earnings growth during that period. Trading at 20.3% below its estimated fair value, it offers good relative value compared to peers. The company recently announced a share repurchase program for up to 5% of its shares and reported net income of US$149 million for 2024, slightly up from US$148 million in the previous year. Despite slower earnings growth than the industry average last year, Winpak's forecasted growth rate stands at 4.37%. Click here and access our complete health analysis report to understand the dynamics of Winpak. Gain insights into Winpak's past trends and performance with our Past report. Navigate through the entire inventory of 36 TSX Undiscovered Gems With Strong Fundamentals here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSXV:MKO TSXV:THX and TSX:WPK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
Exploring Mako Mining And 2 Other Promising Canadian Small Caps
The Canadian market, like many others globally, has been navigating a period of heightened volatility due to trade tensions and shifting tariff policies. Despite these challenges, the current environment may present unique opportunities for investors willing to explore promising small-cap stocks such as Mako Mining and others that could potentially benefit from strategic positioning and resilience in uncertain times. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Total Energy Services 19.43% 15.31% 54.86% ★★★★★★ TWC Enterprises 4.89% 13.46% 20.23% ★★★★★★ Pinetree Capital 0.24% 59.68% 61.83% ★★★★★★ Genesis Land Development 46.48% 30.46% 55.37% ★★★★★☆ Mako Mining 8.59% 38.81% 59.80% ★★★★★☆ Itafos 28.17% 11.62% 53.49% ★★★★★☆ Corby Spirit and Wine 59.18% 8.79% -5.67% ★★★★☆☆ Queen's Road Capital Investment 8.87% 13.76% 16.18% ★★★★☆☆ Senvest Capital 81.59% -11.73% -12.63% ★★★★☆☆ Dundee 3.91% -36.42% 49.66% ★★★★☆☆ Click here to see the full list of 36 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener. We'll examine a selection from our screener results. Simply Wall St Value Rating: ★★★★★☆ Overview: Mako Mining Corp. is involved in gold mining and exploration activities in Nicaragua, with a market cap of CA$350.49 million. Operations: Mako Mining generates revenue primarily from its gold mining operations in Nicaragua. The company incurs costs related to exploration and production, which impact its profitability. Mako Mining, a nimble player in the mining sector, has been making waves with its impressive financial performance. Earnings surged by 181%, far outpacing the industry average of 34.5%. The company trades at a significant discount, about 83% below its estimated fair value, presenting potential upside for investors. Despite an increase in debt to equity from 0% to 8.6% over five years, Mako's cash position remains robust enough to cover its total debt and interest obligations comfortably. Recent acquisition of the Moss gold mine and ongoing projects like Eagle Mountain underscore Mako's strategic growth initiatives in precious metals exploration and production. Navigate through the intricacies of Mako Mining with our comprehensive health report here. Understand Mako Mining's track record by examining our Past report. Simply Wall St Value Rating: ★★★★☆☆ Overview: Thor Explorations Ltd., with a market cap of CA$365.38 million, operates as a gold producer and explorer through its subsidiaries. Operations: Thor Explorations generates revenue primarily from the Segilola Mine Project, amounting to $150.41 million. Thor Explorations has been making strategic moves to bolster its position in the gold mining sector, with a focus on projects in Senegal and Nigeria. The company is advancing the Douta project towards a preliminary feasibility study, which could unlock significant project value. Recent drilling results from the Douta-West licence revealed promising gold intersections, including 19 meters at 2.46g/t Au and 26 meters at 1.31g/t Au, indicating potential for resource expansion. Financially, Thor's debt-to-equity ratio increased to 2.8% over five years but remains manageable given its strong earnings growth of 63.1% annually over this period and positive free cash flow of C$43 million as of September 2024 suggests robust financial health despite external challenges like diesel prices impacting net margins. Thor Explorations' strategic projects in Senegal and Nigeria could diversify income sources. Click here to explore the detailed narrative on Thor Explorations. Simply Wall St Value Rating: ★★★★★★ Overview: Winpak Ltd. is a company that manufactures and distributes packaging materials and related packaging machines across the United States, Canada, and Mexico with a market capitalization of CA$2.48 billion. Operations: Winpak generates revenue primarily from three segments: Flexible Packaging ($597.98 million), Rigid Packaging and Flexible Lidding ($499.31 million), and Packaging Machinery ($33.61 million). Winpak, a smaller player in the packaging sector, has demonstrated steady financial health with no debt over the past five years and an impressive 8.3% annual earnings growth during that period. Trading at 20.3% below its estimated fair value, it offers good relative value compared to peers. The company recently announced a share repurchase program for up to 5% of its shares and reported net income of US$149 million for 2024, slightly up from US$148 million in the previous year. Despite slower earnings growth than the industry average last year, Winpak's forecasted growth rate stands at 4.37%. Click here and access our complete health analysis report to understand the dynamics of Winpak. Gain insights into Winpak's past trends and performance with our Past report. Navigate through the entire inventory of 36 TSX Undiscovered Gems With Strong Fundamentals here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSXV:MKO TSXV:THX and TSX:WPK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
