Mako Mining Q1 2026 Gold Production Reaches 12,538 Ounces
Mako Mining provided its first quarter 2026 production results for the Company's San Albino gold mine in northern Nicaragua and the Moss Mine in Arizona, as well as to provide an update on its two advanced development projects in the United States and Guyana. Q1 2026 San Albino Operational Highlights: 50,233 tonnes mined, containing 12,538 ounces of gold at an average grade of 7.76 grams per tonne Au and 12,460 oz of silver 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 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 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 $68.6M in Q1 2026; San Albino Mine sales of 10,398 oz Au at $4,901 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 $96.1M as of March 31, after a previously accrued 2025 $13.2M annual tax payable was paid.
Trade with 70% Backtested Accuracy
Analyst Views on MAKO
No data
About MAKO
About the author
Mako Mining Reports Strong Q4 Earnings
- Net Income Surge: Mako Mining reported a net income of $14.3 million for Q4 2025, reflecting a 74.7% year-over-year increase, which underscores the company's robust performance in the gold mining sector and strengthens its market position.
- Revenue Growth: The company achieved total revenues of $50.39 million in the quarter, marking a 74.7% increase compared to the same period last year, indicating significant improvements in gold sales and operational efficiency, suggesting sustained growth potential ahead.
- Adjusted EBITDA Performance: Mako Mining's adjusted EBITDA stood at $28.3 million, demonstrating positive progress in cost control and profitability enhancement, which boosts investor confidence in its financial health.
- Optimistic Future Outlook: Mako Mining also announced the acquisition of a Nevada gold mine at no cost, which is expected to further enhance the company's resource base and future revenue potential, strengthening its competitive edge in the gold market.
Mako Mining Reports Strong Q4 Earnings
- Net Income Surge: Mako Mining reported a net income of $14.3 million for Q4 2025, reflecting a 74.7% year-over-year increase, which underscores the company's robust performance in the gold mining sector and strengthens its market position.
- Revenue Growth: The company achieved total revenues of $50.39 million in the quarter, marking a 74.7% increase compared to the same period last year, indicating significant improvements in gold sales and operational efficiency, suggesting sustained growth potential ahead.
- Adjusted EBITDA Performance: Mako Mining's adjusted EBITDA stood at $28.3 million, demonstrating positive progress in cost control and profitability enhancement, which boosts investor confidence in its financial health.
- Optimistic Future Outlook: Mako Mining also announced the acquisition of a Nevada gold mine at no cost, which is expected to further enhance the company's resource base and future revenue potential, strengthening its competitive edge in the gold market.
