What were Mako Mining’s (NASDAQ:MAKO) total revenues for Q1 2026?

Mako Mining reported total revenue of $68.6 million for Q1 2026, driven by strong gold prices and production from its North American asset portfolio. This marked a record top-line result for the company.

How much gold did Mako Mining sell in Q1 2026 and at what price?

Mako sold 13,721 ounces of gold during Q1 2026 at an average realized price of $4,902 per ounce. The sales were primarily supported by the San Albino mine in Nicaragua and the Moss Mine in Arizona.

What were the production contributions from Mako’s mines in Q1 2026?

The San Albino mine contributed 10,398 ounces of gold, while the Moss Mine in Arizona contributed 3,323 ounces. Together, these sites anchored the company’s Q1 production and revenue performance.

What were Mako Mining’s operational costs in Q1 2026?

The company reported cash costs of $1,843 per ounce and an All-In Sustaining Cost (AISC) of $2,275 per ounce. Higher costs were influenced by a 43.9:1 waste-to-ore strip ratio at San Albino and ramp-up activities at the Moss Mine.

Mako Mining posts record $68.6M Q1 revenue on soaring gold prices

Q: How did Mako Mining perform in terms of profitability and EBITDA in Q1 2026?

Mako delivered an adjusted EBITDA of $40.1 million and Mine Operating Cash Flow (OCF) of $46.1 million. Consolidated net income reached $23.1 million, translating to $0.26 per share, reflecting strong profitability in a high-margin environment.

Written by Brie CarterPublished May. 15 2026Last Updated May. 15 2026

Mako Mining (NASDAQ:MAKO) reported record financial and operational performance for the first quarter of 2026, driven by an unprecedented surge in global bullion prices and production contributions across its expanding North American asset portfolio.

The gold producer, which recently listed its shares on the NASDAQ under the ticker MAKO, generated total revenue of $68.6 million for the three months ended March 31, 2026.

The record top-line result allowed the company to deliver an adjusted EBITDA of $40.1 million and Mine Operating Cash Flow (OCF) of $46.1 million.

Consolidated net income reached $23.1 million, translating to earnings of $0.26 per share.

Mako's first-quarter performance was heavily supported by a historically high macro pricing environment.

The company sold 13,721 ounces of gold during the quarter at an average realized price of $4,902 per ounce.

Production volumes were anchored by the core San Albino mine in Nicaragua, which contributed 10,398 ounces of sales, and the newly integrated Moss Mine in Arizona, which accounted for 3,323 ounces.

However, escalating operational complexities partially offset the revenue windfall.

The company reported cash costs of $1,843 per ounce and an All-In Sustaining Cost (AISC) of $2,275 per ounce for the quarter, influenced by a high waste-to-ore strip ratio of 43.9:1 at San Albino and initial ramp-up activities at the Moss facility.

The high-margin environment significantly bolstered the company's capital efficiency and balance sheet.

Mako reported a Return on Equity (ROE) of 36.4% and a Return on Average Assets (ROA) of 23.5% for the period.

The firm concluded the first quarter with a combined $96.1 million in cash and trade receivables while maintaining a debt-free status, following the complete settlement of an outstanding $13.2 million annual tax obligation.