Mako Mining Corp. (V:MKO*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: 595 Howe St Suite 501
VANCOUVER BC V6C 2T5
Tel: N/A
Website: goldenreignresources.com
IR: See website
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Key People
Kim Evans
President, Director
Akiba Jacob Issachar Leisman
interim Chief Executive Officer
Michele Pillon
Chief Financial Officer
Business Overview
Mako Mining Corp, formerly known as Golden Reign Resources Ltd, is a Canada-based mineral exploration company engaged in exploring the San Albino-Murra Property and the El Jicaro Property, both of which are located in Nueva Segovia, Nicaragua. The Companys prime objective is development of its San Albino Gold Deposit project. The Company's land package comprises approximately 13,771 hectares of ground for gold and silver mineralization. Through its subsidiary Marlin Gold Mining Ltd, the Company owns properties located in Mexico and the United States, and a portfolio of royalties. Marlin Gold Mining Ltd is gold and silver mining company primarily focused on exploration and development of La Trinidad Mine located in Mexico.
Financial Overview
For the nine months ended 31 January 2019, Mako Mining Corp revenues increased from C$0K to C$5.2M. Net loss increased from C$547K to C$18.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Extinguishment of gold stream arrangemen increase from C$0K to C$12M (expense), Inventory write down increase from C$0K to C$2.7M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $33.41M as of Jan 31, 2019
Annual revenue (TTM): $5.25M as of Jan 31, 2019
EBITDA (TTM): -$1.96M as of Jan 31, 2019
Net annual income (TTM): -$19.06M as of Jan 31, 2019
Free cash flow (TTM): -$7.52M as of Jan 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 313,684,306 as of Jun 26, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization