- Mako Mining (TSXV:MKO;NASDAQ:MAKO) achieved significant revenue and net income growth in Q2 2026, ending on June 30th, extending its track record of uninterrupted profitability since Q4 2023.
- The gold production, development and exploration company’s San Albino mine in Nueva Segovia, Nicaragua, ranks among the highest-grade open-pit gold mines in the world.
- Mako Mining stock has appreciated by 133.50 per cent year-over-year.
Gold miner Mako Mining (TSXV:MKO;NASDAQ:MAKO) achieved significant revenue and net income growth in Q2 2026, ending on June 30th.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Here are the highlights:
- Record revenue of US$62.6 million, up from US$38.7 million year-over-year (YoY), from 14,610 ounces of gold sold at an average realized price of US$4,201 per ounce and all-in sustaining costs of US$2,286 per ounce.
- Adjusted EBITDA of US$31.7 million, up from US$21.3 million YoY.
- Mine operating cash flow of US$25.9 million, up from US$16.9 million YoY.
- Net income of US$13.9 million, up from US$8.8 million YoY.
- Cash, trade receivables and marketable securities of US$112.9 million, fully funding the company’s current development program.
The stellar quarter extends the company’s track record of uninterrupted profitability since Q4 2023.
The news follows Mako’s first declaration of mineral reserves in its history at its producing Moss mine in Arizona, coming in at an estimated 597,744 ounces of gold and 6.30 million ounces of silver, with production expected to run for 15 years at costs comfortably below current spot prices.
Leadership commentary
“Q2 2026 was another strong quarter of operational and financial performance, with US$31.7 million in adjusted EBITDA and net income of US$0.16 per share on record levels of gold production,” Akiba Leisman, Chief Executive Officer of Mako Mining, said in a statement. “Our industry-leading ROE and ROA, of 36.6 per cent and 23.8 per cent, respectively, demonstrates the profitability of our underlying assets with very efficient capital utilization. We currently have a cash and gold-linked securities balance of approximately US$112 million, which along with operating cash flow from our two mines, is more than sufficient to fully fund our two remaining development projects without the need for any external capital. Over the ensuing weeks, the company plans to unveil its plans for lowering its cost of capital, which could include a pathway for substantial shareholder capital returns.”
About Mako Mining
Mako Mining is a gold production, development and exploration company, whose San Albino mine in Nueva Segovia, Nicaragua, ranks among the highest-grade open-pit gold mines in the world. The company also owns prospective projects in Guyana and the United States.
Mako Mining stock (TSXV:MKO;NASDAQ:MAKO) is up by 1.84 per cent on the news, trading at C$13.87 as of 10:02 am ET. The stock has appreciated by 133.50 per cent year-over-year.
Join the discussion: Find out what investors are saying about this gold miner on the Mako Mining Corp. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.