Mako Mining Achieves Record 2025 Financials, Repays All Debt, and Expands Growth Pipeline with Mt. Hamilton Acquisition
MAKO has more than doubled off its 52-week low of $2.6.
Summary
Mako Mining Corp. announced record Q4 and full year 2025 financial results, became debt-free, and expanded its growth pipeline with the acquisition of the Mt. Hamilton Project and progress on other key assets.
Key Events · Earnings and Guidance · MAKO
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Record Financial Performance
Reported record Q4 2025 revenue of $50.4 million and full year 2025 revenue of $148.5 million. Net income for Q4 2025 was $14.3 million ($0.17 EPS) and $33.7 million for the full year. Adjusted EBITDA reached $28.3 million in Q4 and $75.2 million for the full year.
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Debt-Free Status Achieved
The company fully repaid the outstanding $6.5 million Wexford Loan on October 28, 2025, making it completely debt-free. Cash and cash equivalents increased significantly to $77.3 million by year-end 2025, up from $14.5 million in 2024.
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Strategic Mt. Hamilton Acquisition
Completed the acquisition of the Mt. Hamilton Project in Nevada, USA, on March 23, 2026, for a total consideration of $40 million, payable through gold stream commitments to Sailfish Royalty Corp. This adds a fully permitted heap leach gold-silver project to the company's development assets.
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Moss Mine Resource Update
Filed an updated technical report for the Moss Mine on March 10, 2026, detailing estimated measured mineral resources of 112,000 ounces of gold and 1.4 million ounces of silver, and indicated resources of 534,000 ounces of gold and 5.4 million ounces of silver.
Analysis · MAKO · Energy & Transportation
Mako Mining Corp. reported exceptionally strong financial results for Q4 and full year 2025, with record revenues, net income, and Adjusted EBITDA. The company significantly improved its balance sheet by fully repaying the $6.5 million Wexford Loan, achieving a debt-free status. This strong financial position is further bolstered by a substantial increase in cash and working capital. Strategically, Mako acquired the Mt. Hamilton Project for $40 million via a gold stream, adding a fully permitted development asset to its portfolio. Additionally, the company provided an updated mineral resource estimate for the Moss Mine and advanced the Eagle Mountain Project by submitting its Environmental and Social Impact Assessment, signaling progress on multiple growth fronts. These developments collectively indicate robust operational performance and a clear path for future expansion, positioning the company for continued growth.
At the time of this filing, MAKO was trading at $6.55 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $569.9M. The 52-week trading range was $2.60 to $8.78. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.