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Mako Mining Announces Q1 2026 Production Results with Record Production of 13,721 Au oz., Revenue of ~US$69 Million, Debt Free and Cash Position of US$96.1 Million
VANCOUVER, BC / ACCESS Newswire / April 15, 2026 / Mako Mining Corp . (Nasdaq:MAKO)(TSX-V:MKO...
About this update from Mako Mining Corp.
[{"type":"text","content":"Mako Mining Announces Q1 2026 Production Results with Record Production of 13,721 Au oz., Revenue of ~US$69 Million, Debt Free and Cash Position of US$96.1 MillionVANCOUVER, BC / ACCESS Newswire / April 15, 2026 / Mako Mining Corp. (Nasdaq:MAKO)(TSX-V:MKO) (\"Mako\" or the \"Company\") is pleased to provide its first quarter 2026 (\"Q1 2026\") production results for the Company's San Albino gold mine (\"San Albino\") in northern Nicaragua and the Moss Mine in Arizona (\"Moss Mine\"), as well as to provide an update on its two advanced development projects in the United States and Guyana. Certain figures in this news release may not sum precisely due to rounding. Unless otherwise indicated, all amounts are expressed in U.S. dollars.Q1 2026 San Albino Operational Highlights50,233 tonnes mined, containing 12,538 ounces (\"oz\") of gold (\"Au\") at an average grade of 7.76 grams per tonne (\"g/t\") Au and 12,460 oz of silver (\"Ag\") at 7.71 g/t Ag31,033 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 Ag19,200 tonnes mined from historical dump and other mineralized material above cutoff grade (\"historical dump + other\") containing 1,925 oz Au at 3.12 g/t Au and 1,984 oz Ag at 3.21 g/t Ag43.9:1 strip ratio53,638 tonnes milled containing 13,277 oz Au and 13,274 oz Ag grading 7.70 g/t Au and 7.70 g/t Ag55% and 45% from diluted vein and historical dump and other, respectively614tonnes per day (\"tpd\") milled at 97% availabilityMill recovery of 80.1% for goldAt 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 ozQ1 2026 Mako Financial HighlightsMako total gold sales of 13,721 oz Au for total revenue of $68.6 million in Q1 2026San Albino Mine sales of 10,398 oz Au at $4,901(2) per ounceMoss Mine sales of 3,323 oz Au at $4,912 per ounceDelivered 274 oz Au in connection with gold stream related to the purchase of the Mt. Hamilton ProjectCash balance and trade receivables of $96.1 million as of March 31st, 2026, after a previously accrued 2025 $13.2 million annual tax payable was paid(2) Gold Price before Sailfish Adjustments. For the purpose of calculating revenue, payments to Sailfish are deducted from the Average Realized Price Gold.Akiba Leisman, Chief Executive Officer of Mako states that \"Q1 2026 was ...