Mako Mining (NASDAQ:MAKO) has announced record-breaking production results for the first quarter ended March 31, 2026, marking a pivotal shift in the company’s financial and operational trajectory.
The company reported total gold sales of 13,721 ounces, generating approximately US$68.6 million in revenue.
Following aggressive debt repayment throughout the previous year, Mako confirmed it is now debt-free, ending the quarter with a formidable liquidity position of US$96.1 million in cash and trade receivables.
At the flagship San Albino Mine in Nicaragua, the company milled 53,638 tonnes of ore at an average grade of 7.70 g/t gold.
While mill recovery stood at 80.1%, the operation maintained high availability of 97%, averaging a throughput of 614 tonnes per day.
The quarter concluded with a significant stockpile of 124,350 tonnes containing an estimated 10,558 ounces of gold, providing a solid cushion for consistent future processing.
San Albino’s sales contributed 10,398 ounces to the quarterly total at an average realized price of $4,901 per ounce.
The company's growth portfolio also saw major advancements across the Americas.
In Arizona, the Moss Mine continued its operational ramp-up with improved monthly processing rates, contributing 3,323 ounces of gold to the quarter's sales.
Internationally, Mako submitted the Environmental and Social Impact Assessment (ESIA) for the Eagle Mountain Project to the Guyana Environmental Protection Agency, a critical step toward permitting.
Furthermore, following the successful acquisition of the Mt. Hamilton Project in Nevada on March 23, 2026, construction is slated to commence shortly, positioning Mako to transition from a single-asset producer to a diversified, multi-jurisdictional gold mining house.