Mako Mining Posts Record Q2 2026: $31.7M Adjusted EBITDA, $0.16 EPS
MAKO has more than doubled off its 52-week low of $4.176.
Summary
Mako Mining reported record Q2 2026 financials: $62.6M revenue, $31.7M Adjusted EBITDA, $13.9M net income, and $112.9M in cash and securities. Management says no external capital is needed for development projects and hints at shareholder returns.
Key Events · Earnings and Guidance · MAKO
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Record Q2 Revenue and Profit
Revenue of $62.6 million, up 62% year-over-year, with net income of $13.9 million ($0.16/share).
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Strong Cash Generation
Mine Operating Cash Flow of $25.9 million and Adjusted EBITDA of $31.7 million, with cash and securities totaling $112.9 million.
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Low-Cost Production
AISC of $2,286/oz sold, with San Albino at $1,535/oz and Moss Mine at $3,708/oz, against an average realized gold price of $4,201/oz.
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Self-Funded Growth
CEO states cash and operating cash flow are sufficient to fund Eagle Mountain and Mt. Hamilton development without external capital.
Analysis · MAKO · Energy & Transportation
A standout quarter for Mako Mining, with revenue reaching $62.6 million, Adjusted EBITDA of $31.7 million, and net income of $13.9 million ($0.16/share). The company generated $25.9 million in Mine Operating Cash Flow and holds $112.9 million in cash and marketable securities. Management highlighted industry-leading ROE of 36.6% and ROA of 23.8%, and stated that existing cash and operating cash flow are sufficient to fund remaining development projects without external capital. The CEO also announced plans to unveil a strategy for lowering the cost of capital, potentially including substantial shareholder capital returns. This is a strong operational quarter with high profitability and a clear signal of financial self-sufficiency.
How filings like this one have moved
In the 30 days to Oct 18, 2026, 37.5% of the 944 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MAKO was trading at $9.15 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $853.8M. The 52-week trading range was $4.18 to $10.28. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.