on Mako Mining Corp. (CVE:MKO)
Mako Mining Reports Strong Q1 2026 Financial Results
Mako Mining Corp. (NASDAQ:MAKO)(TSXV:MKO) has announced record financial results for Q1 2026, ending March 31. The company reported a revenue of $68.6 million, with Mine Operating Cash Flow reaching $46.1 million. Adjusted EBITDA was $40.1 million and net income stood at $23.1 million, translating to earnings per share of $0.26.
During the quarter, Mako sold 13,721 ounces of gold at an average price of $4,902 per ounce. The All-In Sustaining Cost was noted at $2,275 per ounce sold. The company's financial position included $96.1 million in cash and trade receivables.
Additionally, Mako invested $2.5 million in exploration expenses across various projects, focusing efforts in Nicaragua and Guyana. CEO Akiba Leisman highlighted this quarter as a milestone for production and profitability. Looking forward, the company aims to reduce capital costs and enhance growth.
R. P.
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