Mako Mining (TSXV:MKO) Cash And Cash Equivalents : C$6.12 Mil (As of Mar. 2024)

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What is Mako Mining Cash And Cash Equivalents?

Mako Mining's quarterly cash and cash equivalents increased from Sep. 2023 (C$0.89 Mil) to Dec. 2023 (C$2.01 Mil) and increased from Dec. 2023 (C$2.01 Mil) to Mar. 2024 (C$6.12 Mil).

Mako Mining's annual cash and cash equivalents declined from Dec. 2021 (C$2.49 Mil) to Dec. 2022 (C$0.71 Mil) but then increased from Dec. 2022 (C$0.71 Mil) to Dec. 2023 (C$2.01 Mil).

Mako Mining Cash And Cash Equivalents Historical Data

The historical data trend for Mako Mining's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mako Mining Cash And Cash Equivalents Chart

Mako Mining Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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4.50

3.37

2.49

0.71

2.01

Mako Mining Quarterly Data
	Apr19	Jul19	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.88	2.31	0.89	2.01	6.12

Mako Mining Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Mako Mining (TSXV:MKO) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Mako Mining Cash And Cash Equivalents Related Terms

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Mako Mining (TSXV:MKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mako Mining Corp (TSXV:MKO) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

MAKOF:USA GQR0:Germany

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.makominingcorp.com

Mako Mining Corp is a gold mining, development, and exploration firm. It's developing its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Its primary objective is to bring San Albino into production quickly and efficiently while continuing the exploration of prospective targets in Nicaragua.

Executives

Jesse Munoz

Director or Senior Officer of 10% Security Holder

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