Quarterly ResultMay 15, 2026, 07:26 AM
Mako Mining Q1 Revenue $68.6M, Net Income $23.1M; Acquires Mt. Hamilton
AI Summary
Mako Mining Corp. reported strong financial results for Q1 2026, with revenue increasing to $68.6 million and net income reaching $23.1 million. The company also completed the strategic acquisition of Mt. Hamilton LLC, owner of the Mt. Hamilton Project in Nevada, USA, for a total consideration of $43.6 million, funded by gold stream commitments. Additionally, Mako filed an updated Mineral Resource Estimate for its Moss Mine, detailing significant measured and indicated gold and silver resources.
Key Highlights
- Acquired 100% of Mt. Hamilton LLC for $43.6 million via gold stream commitments.
- Q1 2026 revenue increased to $68.6 million from $31.8 million in Q1 2025.
- Q1 2026 net income rose to $23.1 million from $9.4 million in Q1 2025.
- Basic income per common share was $0.26 in Q1 2026, up from $0.12 in Q1 2025.
- Consolidated gold sales were 13,721 ounces in Q1 2026, up from 10,817 ounces.
- Cash flows from operating activities increased to $19.2 million from $6.2 million.
- Moss Mine MRE includes 112,000 oz measured gold and 534,000 oz indicated gold.
Price Impact
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