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Mako Mining Reports Q1 2026 Financial Results, Including Adjusted EBITDA(1) of US$40.1 Million and EPS of US$0.26/Share
VANCOUVER, BC / ACCESS Newswire / May 15, 2026 /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 ...
About this update from Mako Mining Corp.
VANCOUVER, BC / ACCESS Newswire / May 15, 2026 / 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). (1) (2) Q1 2026 Highlights Financial Growth 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." Table 1 - Operating Data San Albino and Moss Mine Table 2 - Consolidated Revenue Table 3 - EBITDA(1) Reconciliation Chart 1 Q1 2026 - Mine OCF(1)()3) Calculation and Cash Reconciliation (in $ million) Chart 2 Twelve Trailing Months ("TTM") - Mine OCF(1)(3) Calculation and Cash Reconciliation (in $ million) End Notes For complete details, please refer to the unaudited condensed interim consolidated financial statements and the associated management's discussion and analysis for the three months ended March 31, 2026, available under the Company's profile on SEDAR+ (www.sedarplus.ca), on EDGAR at www.sec.gov or on the Company's website (www.makominingcorp.com). 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, Cas...