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Mako Mining Reports Second Quarter 2025 Financial Results, Including Record Adjusted EBITDA of US$21.3 million, a Record Increase In Cash of US$18.2 million and EPS of US$0.11/share from 11,476 oz Gold Sold at US$3,323/oz
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / August 22, 2025 / Mako Mining Corp. (TSX-V:M...
About this update from Mako Mining Corp.
[{"type":"text","content":"Mako Mining Reports Second Quarter 2025 Financial Results, Including Record Adjusted EBITDA of US$21.3 million, a Record Increase In Cash of US$18.2 million and EPS of US$0.11/share from 11,476 oz Gold Sold at US$3,323/ozVANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / August 22, 2025 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) (\"Mako\" or the \"Company\") is pleased to provide financial results for the three and six months ended June 30, 2025 (\"Q2 2025\"). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated.The Company's financial results for Q2 2025 reflect record gold sales from its San Albino and Moss Mine of $38.7 million (vs. $28.3 million in Q2 2024), which generated $16.9 million in Mine Operating Cash Flow (1) (4), $21.3 million in Adjusted EBITDA(1), and $8.8 million in Net Income. The Company sold 11,476 oz of gold at an average price of $3,323/oz with a $1,509 Cash Cost and $1,668 All-In Sustaining Cost (\"AISC\") ($/oz sold). (1) (2)Q2 2025 Mako Mining HighlightsFinancial$38.7 million in Revenue$16.9 million in Mine Operating Cash Flow (\"MineOCF\") (1) (4)$21.3 million in Adjusted EBITDA (1)$18.2 million increase in cash$8.8 million Net Income$1,509 Cash Costs ($/oz sold) (1) (2)$1,668 All-In Sustaining Costs (\"AISC\") ($/oz sold) (1) (2)Twelve Trailing Months (\"TTM\") Return on Equity (\"ROE\") (1) of 33.9% and Return on Assets (\"ROA\") of 23.5% (1)Delivered final installment of 13,500 oz of silver in Q2 2025 to the Sailfish Silver LoanGrowth$2.2 million in exploration and evaluation expenses ($0.4 million San Albino and Las Conchitas, $0.5 million exploration in El Jicaro Concession in Nicaragua and, approximately, $1.1 million at Eagle Mountain, Guyana)Subsequent to June 30th, 2025The Company made interest payments of $0.3 million on the Revised Wexford Loan.On July 2, 2025, the Company acquired for $1.8 million the secured indebtedness of Elevation Gold Mining Corporation from Maverix Metals Inc. under Elevation's ongoing CCAA proceedings As principal secured creditor, Mako is now entitled to distributions under the CCAA process, though expected recoveries will be significantly below the debt's face value.Akiba Leisman, Chief Executive Officer, states that \"Q2 was another strong quarter for Mako, with record Adjusted EBITDA of US$21.3 million, a record incr...