Mako Mining Reports Record 13,721 Oz Q1 Production, $68.6M Revenue, $96.1M Cash
Mako Mining delivered record Q1 2026 gold production of 13,721 ounces from San Albino and Moss, generating $68.6 million in revenue at an average realized price of $4,904 per ounce, up 36%. The company ended March debt-free with $96.1 million in cash and will commence Mt. Hamilton construction imminently.
1. Operational Highlights
Mako's San Albino operation mined 50,233 tonnes containing 12,538 ounces of gold at 7.76 g/t and milled 53,638 tonnes for 13,277 ounces recovered at 80.1% recovery. The Moss Mine ramp-up achieved 97% mill availability, processing 614 tpd and contributing 3,323 ounces to total Q1 gold sales of 13,721 ounces.
2. Financial Results
Mako realized $68.6 million in revenue from 13,721 ounces sold at an average price of $4,904 per ounce, marking a 36% increase from the prior quarter. The company closed the period debt-free with cash and receivables totaling $96.1 million after settling a $13.2 million tax liability.
3. Development and Outlook
Construction at the Mt. Hamilton project in Nevada is set to commence imminently following ESIA submission in Guyana. The company plans to access higher-grade portions of the Moss deposit late this year, expected to further boost cash flow from its operations.