VANCOUVER, BC / ACCESS Newswire / July 15, 2026 / Mako Mining Corp. (NASDAQ:MAKO)(TSXV:MKO) ("Mako" or the "Company") is pleased to provide its second quarter 2026 ("Q2 2026") production results for the Company's San Albino gold mine ("San Albino") in northern Nicaragua and the Moss Mine in Arizona ("Moss Mine") and a corporate update on our Mt. Hamilton and Eagle Mountain gold projects. Certain figures in this news release may not sum precisely due to rounding. Unless otherwise indicated, all amounts are expressed in U.S. dollars.
Q2 2026 San Albino Operational Highlights
48,890 tonnes mined, containing 12,390 ounces ("oz") of gold ("Au") at an average grade of 7.88 grams per tonne ("g/t") Au and 11,289 oz of silver ("Ag") at 7.18 g/t Ag
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29,142 tonnes mined from diluted vein material containing 10,237 oz Au at 10.93 g/t Au and 9,270 oz Ag at 9.89 g/t Ag
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19,747 tonnes mined from historical dump and other mineralized material above cutoff grade ("historical dump + other") containing 2,153 oz Au at 3.39 g/t Au and 2,019 oz Ag at 3.18 g/t Ag
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35.9:1 strip ratio
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53,120 tonnes milled containing 12,874 oz Au and 11,714 oz Ag grading 7.54 g/t Au and 6.86 g/t Ag, respectively
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53% and 47% from diluted vein and historical dump and other, respectively
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599 tonnes per day ("tpd") milled at 97% availability
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Mill recovery of 80.7% for gold
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At quarter-end, the stockpile was estimated at 120,119 tonnes at an average grade of 2.62 g/t Au for contained Au of 10,105 oz
Q2 2026 Mako Financial Highlights
Mako total gold sales of 14,610 oz Au for total revenue of ~$63.0 million in Q2 2026
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San Albino Mine sales of 10,612 oz Au at $4,156(1) per ounce
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Moss Mine sales of 3,998 oz Au at $4,321 per ounce
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Delivered 1,141 oz Au in connection with gold stream related to the purchase of the Mt. Hamilton Project
Cash, securities and trade receivables of $112 million as of June 30, 2026
(1) 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 "Q2 2026 was another record quarter of production for the Company, with gold production increasing sequentially from our last record quarter in Q1 2026. The San Albino mine continues to perform well, and the Moss mine continues to ramp up as planned. Total cash, gold-linked securities and trade receivables now stand at US$112 million, an increase of US$15 million from the previous quarter, a significant accomplishment given the amount of capital being invested in exploration at both mines, and the investments being made to advance our two development projects. This is the first quarter the Company has reinvested a significant amount of cash (approximately US$40 million) in gold-linked securities, taking advantage of lower gold prices. Lastly, it was an important event that we received the Eureka concession immediately to the west of San Albino, adding an additional 30 km2 of some of the area's most highly prospective ground to our land package. We have been in discussions to acquire this concession for well over a decade, and this is the first time in history that the concessions immediately surrounding the historic San Albino mine have been fully consolidated."