Need help compiling AC

[R@D]

I'm a relative newbie in the world of compiling and source code, but as I do more of it I find a greater interest in the area. So I decided it might be cool to compile assault cube myself and see if I can get it running. However, I'm really not sure what to do...I'm compiling with MinGw and so I enter the src directory, run the make command, and I just get this output:

http://pastebin.com/MaLMqfYz

(Line 1 is the compile command I used) What am I doing wrong? I'm really stuck here and I would appreciate any help. :)