Mako Mining (MKO) Corporate presentation summary

Strategic growth and asset expansion

• Achieved significant production growth, selling 39,000 oz of gold and generating $92M in revenue in 2024, with further increases to $126M in 2025 following asset acquisitions and mine ramp-ups.

• Completed acquisitions of Goldsource (Eagle Mountain Project) and Moss Mine, and signed a definitive agreement to acquire Mt. Hamilton, expanding the portfolio across the Americas.

• Focused on ramping up three producing mines by 2027, with ongoing exploration and engineering to support organic and M&A-driven growth.

• Advanced permitting, environmental studies, and underground mining initiatives at key projects, targeting first production at Eagle Mountain and Mt. Hamilton by 2027-2028.

Financial performance and capital structure

• Reported $123.7M in trailing twelve-month revenue (Q4 2024–Q3 2025) and $60.8M in adjusted EBITDA, with no debt and $86M in cash as of February 2026.

• Maintained strong profitability at San Albino with cash costs of $1,424/oz and AISC of $1,693/oz; Moss Mine ramp-up ongoing with higher initial costs.

• Returned capital to shareholders via a $2.9M share repurchase program in the last twelve months.

• Market capitalization reached $629M with 87.5M shares outstanding.

Project highlights and resource growth

• San Albino Mine in Nicaragua produced 35.9K oz in 2025, operating at 600tpd with high grades and strong cash flow funding district-scale exploration.

• Eagle Mountain Project in Guyana features a 1.2Moz indicated and 582koz inferred resource, with a PEA outlining a phased development plan and robust economics (NPV $292M, IRR 57%).

• Moss Mine in Arizona updated its resource to 646K oz Au (M&I) and is fully permitted, with ongoing exploration and expansion potential.

• Mt. Hamilton in Nevada adds a permitted gold-silver project with 578K oz Au and 4.8Moz Ag (M&I), plus tungsten optionality.