on Mako Mining Corp. (CVE:MKO)
Mako Mining Reports Record Gold Production and Financial Stability in Q1 2026
Mako Mining Corp. recently announced its first-quarter 2026 results, highlighting a record output of 13,721 ounces of gold, leading to approximately $69 million in revenue. The company operates the San Albino gold mine in Nicaragua and the Moss Mine in Arizona. During the quarter, 50,233 tonnes were mined at San Albino, yielding 12,538 ounces of gold and 12,460 ounces of silver, with a notable gold extraction rate of 80.1%.
Financially, Mako Mining remains robust, being debt-free and holding $96.1 million in cash reserves. Akiba Leisman, CEO, emphasized the company’s strong performance, attributing the success to improvements at the Moss Mine and the company's strategic financial management. Moving forward, there are plans to advance development projects in the United States and Guyana, with expectations of accessing higher-grade deposits by year-end to boost cash flow.
R. P.
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