Mast gates are usually aftermarket items. When I zoom in, It appears threaded as it enters the mast. I would guess the mast was tapped as is common. You could try filling it with some JB Weld and re-tapping it,but it probably will strip again pretty soon. You could try a threaded insert that gets riveted in the hole. You could also try moving up one size. It looks like a #8 size, so you could move up to a #10, drill it (9/64, I think?), tap it. You may need to drill that knurled knob out to fit the larger screw.