Quarterly ResultMay 15, 2026, 08:07 AM
Mako Mining Reports Record Q1 2026 Revenue $68.6M, EPS $0.26
AI Summary
Mako Mining Corp. reported record financial results for Q1 2026, achieving $68.6 million in revenue, $40.1 million in Adjusted EBITDA, and $23.1 million in net income, equating to $0.26 per share. The company sold 13,721 ounces of gold at an average realized price of $4,902 per ounce. Mako closed the quarter with $96.1 million in cash and no debt beyond its gold stream, with management highlighting that two larger, fully funded projects are expected to significantly boost profitability in the coming years.
Key Highlights
- Record Revenue of $68.6 million for Q1 2026.
- Adjusted EBITDA reached $40.1 million.
- Net Income was $23.1 million, or $0.26 per share.
- Mine Operating Cash Flow (Mine OCF) was $46.1 million.
- Sold 13,721 oz of gold at an average realized price of $4,902/oz.
- Ended the quarter with $96.1 million in Cash and Trade Receivables.
- All-In Sustaining Cost (AISC) was $2,275/oz sold.
- Exploration and evaluation expenses totaled $2.5 million.
Price Impact
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