Commodities
Mako Mining Announces Q2 2026 Production Results with Record Gold Sold of 14,610 Au oz., Revenues of ~US$63 Million and Cash and Securities Balance of US$112 Million
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") ...
About this update from Mako Mining Corp.
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 Q2 2026 Mako Financial Highlights (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."