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Mako Mining Reports Q1 2026 Financial Results, Including Adjusted EBITDA of US$40.1 Million and EPS of US$0.26, Share
Mako Mining Reports Q1 2026 Financial Results, Including Adjusted EBITDA of US$40.1 Million and EPS of US$0.26,
About this update from Mako Mining Corp.
VANCOUVER, BC - Mako Mining Corp. (NASDAQ: MAKO) (TSXV: MKO) ('Mako' or the 'Company') is pleased to report financial results for the three months ended March 31, 2026 ('Q1 2026'). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated. The Company's financial results for Q1 2026 reflect record revenue of $68.6 million, which generated $46.1 million in Mine Operating Cash Flow ('Mine OCF') (1)(3), $40.1 million in Adjusted EBITDA (1) and $23.1 million in Net Income ($0.26/share). The Company sold 13,721 oz of gold at an average realized gold price (1)(2) of $4,902 per oz with a $2,275 All-In Sustaining Cost ('AISC') ($/oz sold). Q1 2026 Highlights Financial$68.6 million in Revenue$40.1 million in Adjusted EBITDA (1)$46.1 million in Mine OCF (1)(3)$23.1 million Net Income$96.1 million in Cash and Trade Receivables$1,843 Cash Cost ($/oz sold) (1)(2)$2,275 AISC ($/oz sold) (1)(2). San Albino $1,661 and Moss Mine $2,977 Return on Equity ('ROE') (1) of 36.4% and Return on Assets ('ROA') of 23.5% (1) Growth$2.5 million in exploration and evaluation expenses ($1.2 million in areas surrounding San Albino, $1.2 million at Eagle Mountain, Guyana and $0.1 million in Mt. Hamilton)Akiba Leisman, CEO of Mako, states, 'Q1 2026 was a record quarter for production, revenue, and profitability, with net income of $0.26 per share. These results were driven by just one mine in full commercial production and one ramping up. Our two remaining projects, both substantially larger than either asset in production, are fully funded and are expected to meaningfully boost profitability over the next few years. Mako closed the quarter with nearly $100 million in cash and no debt beyond our gold stream used to acquire the Mt. Hamilton gold project currently under construction. Over the next few quarters, the Company will focus on lowering our cost of capital to accelerate our accretive growth trajectory.' Non-GAAP Measures The Company has included certain non-GAAP financial measures and non-GAAP ratios in this press release such as EBITDA, Adjusted EBITDA, Mine OCF, Cash cost per ounce sold, , AISC per ounce sold, ROE, ROA and Average realized gold price per ounce sold. These non-GAAP measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in ac...