Mako Mining delivered record Q1 2026 revenue of $68.6 million, generated $46.1 million in mine operating cash flow, achieved $40.1 million in adjusted EBITDA and net income of $23.1 million ($0.26 per share), closing the quarter with $96.1 million in cash.

The company sold 13,721 ounces of gold at an average realized price of $4,902 per ounce, maintained a cash cost of $1,843 per ounce sold and an all-in sustaining cost of $2,275 per ounce, while reporting a return on equity of 36.4% and a return on assets of 23.5%. Exploration spending reached $2.5 million across San Albino, Eagle Mountain and Mt. Hamilton.

Mako holds nearly $100 million in cash with no debt beyond its gold stream financing and has two fully funded development projects expected to substantially increase production and profitability over the next few years, with a strategic focus on lowering cost of capital to accelerate its growth trajectory.