MAKO
Mako MiningADocument history
Earnings documents stored for MAKO.
Investor releaseQuarter not tagged2026-05-15Mako Mining Reports Q1 2026 Financial Results, Including Adjusted EBITDA(1) of US$40.1 Million and EPS of US$0.26/Share
ACCESS Newswire
Mako Mining Reports Q1 2026 Financial Results, Including Adjusted EBITDA(1) of US$40.1 Million and EPS of US$0.26/Share
VANCOUVER, BC / ACCESS Newswire / May 15, 2026 / Mako Mining Corp. (NASDAQ:MAKO)(TSXV:MKO) ("Mako" or the "Company") is pleased to report financial results for the three months ended March 31, 2026 ("Q1 2026"). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated. The Company's financial results for Q1 2026 reflect record revenue of $68.6 million, which generated $46.1 million in Mine Operating Cash Flow ("Mine OCF") (1)(3), $40.1 million in Adjusted EBITDA (1) and $23.1 million in Net Income ($0.26/share). The Company sold 13,721 oz of gold at an average realized gold price (1)(2) of $4,902 per oz with a $2,275 All-In Sustaining Cost ("AISC") ($/oz sold). (1) (2) Q1 2026 Highlights Financial $68.6 million in Revenue $40.1 million in Adjusted EBITDA (1) $46.1 million in Mine OCF (1)(3) $23.1 million Net Income $96.1 million in Cash and Trade Receivables $1,843 Cash Cost ($/oz sold) (1)(2) $2,275 AISC ($/oz sold) (1)(2). San Albino $1,661 and Moss Mine $2,977 Return on Equity ("ROE") (1) of 36.4% and Return on Assets ("ROA") of 23.5% (1) Growth $2.5 million in exploration and evaluation expenses ($1.2 million in areas surrounding San Albino, $1.2 million at Eagle Mountain, Guyana and $0.1 million in Mt. Hamilton) Akiba Leisman, CEO of Mako, states, "Q1 2026 was a record quarter for production, revenue, and profitability, with net income of $0.26 per share. These results were driven by just one mine in full commercial production and one ramping up. Our two remaining projects, both substantially larger than either asset in production, are fully funded and are expected to meaningfully boost profitability over the next few years. Mako closed the quarter with nearly $100 million in cash and no debt beyond our gold stream used to acquire the Mt. Hamilton gold project currently under construction. Over the next few quarters, the Company will focus on lowering our cost of capital to accelerate our accretive growth trajectory." Table 1 - Operating Data San Albino and Moss Mine Table 2 - Consolidated Revenue Table 3 - EBITDA(1) Reconciliation Chart 1 Q1 2026 - Mine OCF(1)()3) Calculation and Cash Reconciliation (in $ million) Chart 2 Twelve Trailing Months ("TTM") - Mine OCF(1)(3) Calculation and Cash Reconciliation (in $ million) End Notes For complete details, please refer to the unaudited condensed interim consolidated...
Investor releaseQuarter not tagged2026-05-04Mako Mining Provides "Significant" Drill Results from San Albino Project in Nicaragua
MT Newswires
Mako Mining Provides "Significant" Drill Results from San Albino Project in Nicaragua
Mako Mining (MKO.V) reported Monday the "most significant" drill results to date from San Albino pro
Investor releaseQuarter not tagged2026-04-15Mako Mining Announces Q1 2026 Production Results with Record Production of 13,721 Au oz., Revenue of ~US$69 Million, Debt Free and Cash Position of US$96.1 Million
ACCESS Newswire
Mako Mining Announces Q1 2026 Production Results with Record Production of 13,721 Au oz., Revenue of ~US$69 Million, Debt Free and Cash Position of US$96.1 Million
VANCOUVER, BC / ACCESS Newswire / April 15, 2026 / Mako Mining Corp. (Nasdaq:MAKO)(TSX-V:MKO) ("Mako" or the "Company") is pleased to provide its first quarter 2026 ("Q1 2026") production results for the Company's San Albino gold mine ("San Albino") in northern Nicaragua and the Moss Mine in Arizona ("Moss Mine"), as well as to provide an update on its two advanced development projects in the United States and Guyana. Certain figures in this news release may not sum precisely due to rounding. Unless otherwise indicated, all amounts are expressed in U.S. dollars. Q1 2026 San Albino Operational Highlights 50,233 tonnes mined, containing 12,538 ounces ("oz") of gold ("Au") at an average grade of 7.76 grams per tonne ("g/t") Au and 12,460 oz of silver ("Ag") at 7.71 g/t Ag 31,033 tonnes mined from diluted vein material containing 10,613 oz Au at 10.64 g/t Au and 10,476 oz Ag at 10.50 g/t Ag 19,200 tonnes mined from historical dump and other mineralized material above cutoff grade ("historical dump + other") containing 1,925 oz Au at 3.12 g/t Au and 1,984 oz Ag at 3.21 g/t Ag 43.9:1 strip ratio 53,638 tonnes milled containing 13,277 oz Au and 13,274 oz Ag grading 7.70 g/t Au and 7.70 g/t Ag 55% and 45% from diluted vein and historical dump and other, respectively 614tonnes per day ("tpd") milled at 97% availability Mill recovery of 80.1% for gold At quarter end, the stockpile was estimated at 124,350 tonnes at an average grade of 2.65 g/t Au for contained Au of 10,558 oz Q1 2026 Mako Financial Highlights Mako total gold sales of 13,721 oz Au for total revenue of $68.6 million in Q1 2026 San Albino Mine sales of 10,398 oz Au at $4,901(2) per ounce Moss Mine sales of 3,323 oz Au at $4,912 per ounce Delivered 274 oz Au in connection with gold stream related to the purchase of the Mt. Hamilton Project Cash balance and trade receivables of $96.1 million as of March 31st, 2026, after a previously accrued 2025 $13.2 million annual tax payable was paid (2) Gold Price before Sailfish Adjustments. For the purpose of calculating revenue, payments to Sailfish are deducted from the Average Realized Price Gold. Akiba Leisman, Chief Executive Officer of Mako states that "Q1 2026 was another very strong quarter for the Company. Gold sales were a record 13,721 ounces at a record average gold price of $4,904 per ounce, generating $68.6 million in revenue for the quarter, which was...
Investor releaseQuarter not tagged2026-04-01Mako Mining Reports Fourth Quarter and Full Year 2025 Financial Results, Including Q4 2025 Adjusted EBITDA (1) of US$28.3 million and EPS of US$0.17/share from 11,564 oz Gold Sold at an Average Realized Price of US$4,313/oz (1)(2), and Corporate Update
ACCESS Newswire
Mako Mining Reports Fourth Quarter and Full Year 2025 Financial Results, Including Q4 2025 Adjusted EBITDA (1) of US$28.3 million and EPS of US$0.17/share from 11,564 oz Gold Sold at an Average Realized Price of US$4,313/oz (1)(2), and Corporate Update
VANCOUVER, BC / ACCESS Newswire / April 1, 2026 / Mako Mining Corp. (TSX-V:MKO)(NASDAQ:MAKO) ("Mako" or the "Company") is pleased to provide financial results for the three months and year ended December 31, 2025 ("Q4 2025"). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated. The Company's financial results for Q4 2025 reflect record gold sales of $50.4 million, which generated $24.1 million in Mine Operating Cash Flow ("Mine OCF") (1)(3), and $14.3 million in Net Income. The Company sold 11,564 oz of gold at an average realized price (1)(2) of $4,313 per oz with a $1,876 All-In Sustaining Cost ("AISC") ($/oz sold). (1) (2) Q4 2025 Highlights Financial $50.4 million in Revenue $28.3 million in Adjusted EBITDA (1) $24.1 million in Mine OCF (1)(3) $14.3 million Net Income $1,572 Cash Costs ($/oz sold) (1)(2) $1,876 AISC ($/oz sold) (1)(2) Full year Return on Equity ("ROE") (1) of 29.6% and Return on Assets ("ROA") of 21.4% (1) Private Placement: On October 28, 2025, the Company completed a brokered private placement for gross proceeds of $28.8 million (C$40.3 million). The Company also completed a concurrent non-brokered private placement to private investment funds managed by Wexford Capital LP ("Wexford") for gross proceeds of $10.7 million (C$15.0 million) Wexford Loan: On October 28, 2025, the Company fully repaid the outstanding balance of its loan from Wexford totaling $6.5 million. The repayment consisted of principal of $6.3 million and accrued interest of $0.2 million Growth $2.8 million in exploration and evaluation expenses ($0.7 million in areas surrounding San Albino and $1.6 million for El Jicaro in Nicaragua and approximately $0.5 million at Eagle Mountain, Guyana) Akiba Leisman, CEO of Mako states "Q4 2025 was an exceptionally strong quarter, with 11,564 ounces sold at a record $4,313 gold price, leading to $0.17 per share of EPS, over $28 million in Adjusted EBITDA, with a cash and trade receivable balance of $78 million. Mako generated an industry leading ROE of 29.6%, which is even more impressive given that the two most significant assets the Company has are non-producing. The Company is completely debt free, even after accounting for two significant acquisitions in 2025. Now that the Moss Mine is approaching steady state production, Q1 2026 will be another record quarter for the Company, w...

