The NASDAQ listing could significantly improve trading liquidity and investor visibility in the US market, while the Mt. Hamilton acquisition adds a permitted US development project. Monitor SEC's declaration of effectiveness of Form 40-F for NASDAQ trading commencement. The gold stream deal preserves cash but creates long-term production commitment.
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Executive Summary
Mako Mining completed the acquisition of the Mt. Hamilton project in Nevada from related party Sailfish Royalty Corp. for a $40 million gold stream and received approval to list on NASDAQ under symbol MAKO, pending SEC effectiveness of its Form 40-F. The acquisition adds a fully permitted US heap leach project, while the NASDAQ listing aims to improve US investor access and liquidity.
Key Facts
- Mako Mining completed acquisition of 100% of Mt. Hamilton LLC, owner of the Mt. Hamilton gold project in Nevada
- Acquisition purchase price of $40 million satisfied via a gold stream: 341.7 troy oz/month at 20% of LBMA PM Fix (floor $2,700/oz, cap $3,700/oz) for 60 months, then 100 troy oz/month at 20% for 72 months
- Transaction secured by first-ranking security interests over Mako's and certain subsidiaries' assets
- Sailfish Royalty Corp. is a related party, both controlled by Wexford Capital LP
- Mako received approval to list on NASDAQ under symbol MAKO, with trading expected to begin March 30, 2026
- NASDAQ listing is subject to SEC declaration of effectiveness of Form 40-F registration statement
- Upon listing, shares will cease trading on OTCQX but continue on TSXV under MKO
Financial Impact
$40 million gold stream liability; enhanced asset base with US-based permitted project; improved market access via NASDAQ listing
Risk Factors
- NASDAQ listing contingent on SEC approval of Form 40-F, which may be delayed
- Gold stream creates long-term obligation to deliver gold at below-market prices, reducing future revenue
- Related party transaction may raise governance concerns among minority shareholders
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001062993-26-001654 |
| Exhibit: exhibit99-2.htm | 0001062993-26-001654 |
| Document: form6k.htm | 0001062993-26-001654 |
| Document: 0001062993-26-001654-index-headers.html | 0001062993-26-001654 |
| Document: 0001062993-26-001654-index.html | 0001062993-26-001654 |
| Document: 0001062993-26-001654.txt | 0001062993-26-001654 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 15, 2026 27w ago | 6-K | $7.88 $8.26 | ▲ +4.82% | ▼ −1.22% | — |
Mar 27, 2026 30w ago | 6-K | $6.19 $7.74 | ▲ +24.96% | ▲ +12.22% | — |
US Market Status
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