Mako Mining reports 12,743 ounces of gold in Q3
- Mako Mining recovered 12,743 ounces of gold in Q3 2026 and sold 11,581 ounces, generating approximately US$50 million in revenue.
- Cash, securities and trade receivables totalled US$119.3 million at September 30, compared with approximately US$112 million reported in Q2.
- Mako expects Moss Mine throughput to exceed 12,000 short tons daily by Q3 2027 and anticipates first gold production at Mt. Hamilton in December 2027.
Mako Mining (NASDAQ:MAKO) recovered 12,743 ounces of gold in Q3 2026, generating approximately US$50 million in revenue from 11,581 ounces sold.
Gold sales declined from 14,610 ounces in Q2, while cash, securities and trade receivables increased to US$119.3 million from approximately US$112 million.
Moss Mine throughput averaged 5,113 short tons daily, below the initial 8,500-ton target, with Mako planning upgrades to exceed 12,000 tons daily by Q3 2027.
Mt. Hamilton received conditional drilling permits on October 16, requiring a US$265,205 reclamation bond, while San Albino secured Eureka exploration permits ahead of schedule.
Mako expects first gold at Mt. Hamilton in December 2027 and Eagle Mountain permitting progress in Q4 2026.
The company acquired Mt. Hamilton in March 2026 and filed an updated Moss Mine technical report in August, supporting its U.S. development activities.
Mako also secured a ten-year mineral agreement framework for Eagle Mountain in Guyana in September and proposed revised gold financing arrangements with Sailfish Royalty.
