← Mako Mining Corp.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | — | — | — | — | — | — | ($12.0m) | $6.8m | $19.2m | $33.7m | |
| Net Income From Continuing Operations | — | — | — | — | — | — | ($12.0m) | $6.8m | $19.2m | $33.7m | |
| Depreciation, depletion and amortization | — | — | — | — | — | — | — | — | $7.7m | $8.2m | |
| Depreciation | — | — | $1.5b | $2.0b | $2.2b | $2.1b | $2.0b | $2.0b | $1.9b | $1.9b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $20.5m | $13.5m | $7.7m | $8.2m | |
| Deferred income tax | — | — | — | — | — | — | — | $0 | $3.2m | $3.7m | |
| Deferred Tax | — | — | — | — | — | — | — | $0 | $3.2m | $3.7m | |
| Share-based payments | — | — | — | — | — | — | — | — | $1.0m | $2.0m | |
| Impairment charges (reversals) (notes 10 and 21) | — | — | $900.0m | ($1.4b) | ($269.0m) | ($63.0m) | $1.7b | $312.0m | ($457.0m) | $12.0m | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $2.2m | $1.2m | $0 | — | |
| Accretion and interest expense | — | — | — | — | — | — | — | — | $971k | $1.3m | |
| Income tax expense (note 12) | — | — | $1.2b | $1.8b | $1.3b | $1.3b | $664.0m | $861.0m | $1.5b | $1.7b | |
| Proceeds from sales of investments other than investments accounted for using equity method | — | — | ($159.0m) | ($4.0m) | $220.0m | — | ($381.0m) | — | $97.0m | $43.0m | |
| Dividends received from investments accounted for using equity method, classified as investing activities | — | — | — | — | $141.0m | $520.0m | $869.0m | $273.0m | $198.0m | $254.0m | |
| Purchase of investments other than investments accounted for using equity method | — | — | — | ($4.0m) | — | ($46.0m) | — | ($23.0m) | — | — | |
| Changes in non-cash working capital | — | — | — | — | — | — | — | — | ($1.7m) | $2.5m | |
| Income for the year | — | — | ($1.4b) | $4.6b | $3.6b | $3.3b | $1.0b | $2.0b | $19.2m | $33.7m | |
| Other miscellaneous (gain) loss | — | — | — | — | ($190.0m) | ($203.0m) | ($217.0m) | ($113.0m) | $94k | ($15k) | |
| Loss on derecognition or modification of financial liability | — | — | — | — | — | — | — | — | $0 | $1.3m | |
| Gain on elimination of Contingent Consideration | — | — | — | — | — | — | — | — | $0 | ($1.0m) | |
| Loss on derivative instruments | — | — | — | — | — | — | — | — | $2.0m | $294k | |
| Unrealized foreign exchange (gain) loss | — | — | $136.0m | $109.0m | $50.0m | $29.0m | $16.0m | $93.0m | $2.0m | ($608k) | |
| Non-cash items | — | — | — | — | — | — | — | — | $36.1m | $48.9m | |
| Acquisition of EGA, proceeds paid | — | — | — | — | — | — | — | — | $0 | ($6.5m) | |
| Acquisition of EGA, cash acquired | — | — | — | — | — | — | — | — | $0 | $346k | |
| Acquisition of EGA, transaction costs | — | — | — | — | — | — | — | — | $0 | ($356k) | |
| Mt. Hamilton, transaction costs | — | — | — | — | — | — | — | — | $0 | ($717k) | |
| Acquisition of Goldsource cash acquired | — | — | — | — | — | — | — | — | $517k | $0 | |
| Transaction costs related to acquisition of Goldsource | — | — | — | — | — | — | — | — | ($824k) | $0 | |
| Sailfish Silver Option Payment | — | — | — | — | — | — | — | — | $0 | $1.0m | |
| Secured Debt Investment | — | — | — | — | — | — | — | — | $0 | ($1.8m) | |
| Expenditures on mining interest, plant and equipment | — | — | ($1.4b) | ($1.7b) | ($2.1b) | ($2.4b) | ($3.0b) | ($3.1b) | ($12.9m) | ($12.3m) | |
| Proceeds from private placements | — | — | — | — | — | — | — | — | $0 | $39.5m | |
| Share issuance costs | — | — | — | — | — | — | — | — | $0 | ($2.1m) | |
| Purchase of common shares - NCIB | — | — | — | — | — | $0 | ($424.0m) | $0 | ($4.7m) | ($1.4m) | |
| Proceeds from exercise of warrants | — | — | — | — | — | — | — | — | $0 | $1.4m | |
| Proceeds from exercise of options | — | — | — | — | — | — | — | — | $2.5m | $1.1m | |
| Repayment of Sailfish Silver Loan | — | — | — | — | — | — | — | — | ($3.6m) | ($1.3m) | |
| Repayment of the Revised Wexford Loan (including interest) | — | — | — | — | — | — | — | — | ($314k) | ($7.1m) | |
| Repayment of principal on the Wexford Bridge Loan | — | — | — | — | — | — | — | — | ($1.5m) | $0 | |
| Repayment of interest on the Wexford Bridge Loan | — | — | — | — | — | — | — | — | ($57k) | $0 | |
| Payment to GR Silver on settlement of ARO | — | — | — | — | — | — | — | — | ($500k) | $0 | |
| Payments on lease liability | — | — | — | ($28.0m) | ($26.0m) | ($20.0m) | ($20.0m) | ($13.0m) | ($101k) | ($103k) | |
| Finance costs (note 14) | — | — | $560.0m | $500.0m | $364.0m | $355.0m | $301.0m | $170.0m | $232.0m | $227.0m | |
| Income from equity investees (note 16) | — | — | — | — | ($288.0m) | ($446.0m) | ($258.0m) | ($232.0m) | ($241.0m) | ($444.0m) | |
| Net expense for business combination | — | — | — | — | — | — | — | — | $0 | $625.0m | |
| Gain on sale of non-current assets (note 9) | — | — | ($68.0m) | ($441.0m) | ($180.0m) | ($213.0m) | ($405.0m) | ($364.0m) | ($24.0m) | ($1.5b) | |
| Change in working capital (note 15) | — | — | ($173.0m) | ($357.0m) | ($211.0m) | ($273.0m) | ($322.0m) | ($404.0m) | ($382.0m) | ($23.0m) | |
| Operating cash flows before interest and income taxes | — | — | $2.5b | $3.8b | $6.4b | $5.9b | $4.5b | $4.3b | $5.4b | $9.3b | |
| Interest received | — | — | — | — | — | $35.0m | $89.0m | $237.0m | $237.0m | $189.0m | |
| Sales proceeds | — | — | $70.0m | $41.0m | $45.0m | $35.0m | $88.0m | $13.0m | $19.0m | $4.0m | |
| Cash receipts from repayment of advances and loans made to other parties | — | — | — | — | $79.0m | $2.0m | $0 | $7.0m | $155.0m | $298.0m | |
| Funding from non-controlling interests (note 32) | — | — | $24.0m | $140.0m | $11.0m | $12.0m | $0 | $40.0m | $146.0m | $362.0m | |
| Disbursements to non-controlling interests (note 32) | — | — | ($108.0m) | ($421.0m) | ($1.4b) | ($1.1b) | ($833.0m) | ($554.0m) | ($785.0m) | ($1.8b) | |
| Proceeds from issue of bonds, notes and debentures | — | — | — | — | — | $327.0m | $444.0m | $242.0m | $52.0m | ($9.0m) | |
| Return of capital (note 31) | — | — | — | — | $0 | ($750.0m) | $0 | — | — | — | |
| Remeasurement of Turquoise Ridge to fair value (note 4) | — | — | $0 | ($1.9b) | $0 | — | — | — | — | — | |
| Other operating activities (note 15) | — | — | ($62.0m) | ($1.1b) | ($381.0m) | — | — | — | — | — | |
| Cash acquired in merger (note 4) | — | — | $0 | $751.0m | $0 | — | — | — | — | — | |
| Lease repayments | — | — | $0 | ($28.0m) | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $1.9m | $523k | $1.5m | $14.5m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($9.0m) | ($6.8m) | ($8.2m) | $30.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($8.8m) | ($4.8m) | ($13.2m) | ($20.3m) | |
| Change In Account Payable | — | — | — | — | — | — | $660k | ($2.9m) | $4.1m | $12.7m | |
| Change In Inventory | — | — | — | — | — | — | $3.5m | ($10.1m) | ($5.8m) | ($8.5m) | |
| Change In Payable | — | — | — | — | — | — | $685k | ($3.0m) | $4.4m | $12.4m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $685k | ($3.0m) | $4.4m | $12.4m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($52k) | $251k | ($143k) | ($1.3m) | |
| Change In Receivables | — | — | — | — | — | — | ($921k) | $412k | ($79k) | $54k | |
| Change In Working Capital | — | — | — | — | — | — | $3.2m | ($12.4m) | ($1.7m) | $2.5m | |
| Changes In Cash | — | — | — | — | — | — | ($1.4m) | $955k | $13.0m | $62.7m | |
| End Cash Position | — | — | — | — | — | — | $523k | $1.5m | $14.5m | $77.3m | |
| Financing Cash Flow | — | — | — | — | — | — | ($9.0m) | ($6.8m) | ($8.2m) | $30.1m | |
| Free Cash Flow | — | — | — | — | — | — | $7.6m | $7.7m | $21.6m | $40.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $131k | $994k | $2.0m | $294k | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($12.0m) | $0 | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($8.8m) | ($4.8m) | ($13.2m) | ($20.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | — | — | $0 | $39.5m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($307k) | ($7.2m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($343k) | $278k | $2.0m | ($608k) | |
| Operating Gains Losses | — | — | — | — | — | — | ($212k) | $1.3m | $4.0m | ($314k) | |
| Other Non Cash Items | — | — | — | — | — | — | $2.1m | $1.5m | $1.1m | $3.1m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $0 | $2.5m | $2.5m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($824k) | ($7.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($495k) | ($413k) | ($4.7m) | ($1.4m) | |
| Sale Of Business | — | — | — | — | — | — | — | $0 | $517k | $346k | |
| Stock Based Compensation | — | — | — | — | — | — | $544k | $650k | $1.0m | $2.0m | |
| Net cash provided by operating activities | — | — | $1.8b | $2.8b | $5.4b | $4.4b | $3.5b | $3.7b | $34.5m | $53.0m | |
| Capital Expenditure | — | — | — | — | — | — | ($8.8m) | ($4.8m) | ($12.9m) | ($12.3m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($8.8m) | ($4.8m) | ($12.9m) | ($12.3m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | — | — | $0 | ($800k) | |
| Purchase Of Investment | — | — | — | — | — | — | — | — | $0 | ($1.8m) | |
| Sale Of Investment | — | — | — | — | — | — | — | — | $0 | $1.0m | |
| Proceeds from divestitures | — | — | $0 | $750.0m | $283.0m | $27.0m | $0 | — | $0 | $2.2b | |
| Cash advances and loans made to other parties, classified as investing activities | — | — | — | — | — | — | — | $0 | ($59.0m) | ($1.0m) | |
| Other investing activities (note 15) | — | — | ($5.0m) | $213.0m | $220.0m | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | ($6.3m) | ($8.8m) | — | — | — | |
| Net cash used in investing activities | — | — | ($1.5b) | $50.0m | ($1.3b) | ($1.9b) | ($1.7b) | ($2.8b) | ($13.2m) | ($20.3m) | |
| Issuance Of Debt | — | — | — | — | — | $14.0m | $0 | $8.0m | $0 | — | |
| Long Term Debt Issuance | — | — | — | — | — | $14.0m | $0 | $8.0m | $0 | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($8.5m) | ($6.3m) | ($5.5m) | ($8.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($8.5m) | ($6.3m) | ($5.5m) | ($8.5m) | |
| Debt repayments | ($902.0m) | ($180.0m) | ($28.0m) | ($29.0m) | ($353.0m) | ($7.0m) | ($375.0m) | ($43.0m) | $0 | ($14.0m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($8.5m) | ($14.3m) | ($5.5m) | ($8.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($8.5m) | ($14.3m) | ($5.5m) | ($8.5m) | |
| Common Stock Issuance | — | — | — | — | — | $0 | — | — | $0 | $39.5m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($495k) | ($413k) | ($4.7m) | $38.1m | |
| Common Stock Payments | — | — | — | — | — | — | ($495k) | ($413k) | ($4.7m) | ($1.4m) | |
| Dividends (note 31) | — | — | ($125.0m) | ($548.0m) | ($547.0m) | ($634.0m) | ($1.1b) | ($700.0m) | ($696.0m) | ($890.0m) | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Other financing activities (note 15) | — | — | ($29.0m) | ($1.0m) | $28.0m | $115.0m | $191.0m | $65.0m | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | — | — | ($500k) | ($2.1m) | |
| Net cash provided (used) in financing activities | — | — | ($925.0m) | ($1.1b) | ($2.3b) | ($2.4b) | ($2.6b) | $1.2b | ($8.2m) | $30.1m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($16k) | $20k | ($10k) | $44k | |
| Restricted cash - refunded | — | — | — | — | — | — | — | — | $0 | $1.5m | |
| Effect of foreign exchange on cash and cash equivalents | — | — | ($9.0m) | ($1.0m) | ($3.0m) | ($1.0m) | ($6.0m) | ($3.0m) | ($10k) | $44k | |
| Change in cash and cash equivalents | — | — | ($663.0m) | $1.7b | $1.9b | $92.0m | ($840.0m) | ($292.0m) | $13.0m | $62.8m | |
| Cash and cash equivalents, beginning of the year | — | $2.2b | $1.6b | $3.3b | $5.2b | $5.3b | $4.4b | $4.1b | $14.5m | $77.3m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($1.4m) | $975k | $13.0m | $62.8m | |
| Interest paid | — | — | ($350.0m) | ($333.0m) | ($295.0m) | ($303.0m) | ($305.0m) | ($300.0m) | ($380.0m) | ($291.0m) | |
| Taxes paid - cash | — | — | — | — | — | — | — | — | ($2.6m) | ($7.6m) | |
| Income taxes paid | — | — | ($398.0m) | ($612.0m) | ($718.0m) | ($1.3b) | ($767.0m) | ($524.0m) | ($776.0m) | ($1.5b) | |
| Income taxes paid (refund), classified as investing activities | — | — | — | — | — | — | — | — | $0 | ($175.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.