Mako Mining Posts Record Q2 Gold Sales of 14,610 oz, ~$63M Revenue, and $112M Cash Balance
MAKO has more than doubled off its 52-week low of $3.616.
Summary
Mako Mining delivered record Q2 2026 gold sales of 14,610 oz and ~$63 million in revenue, while cash and securities rose to $112 million. The company also secured the strategic Eureka concession adjacent to its flagship San Albino mine.
Key Events · Earnings and Guidance · MAKO
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Record Q2 Gold Sales
Driven by robust output at both San Albino and Moss Mine, total gold sales reached 14,610 ounces in Q2 2026, up from 13,721 ounces in the prior quarter.
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Revenue and Cash Position
Revenue came in at approximately $63 million, and cash, securities, and trade receivables stood at $112 million as of June 30, 2026—a $15 million increase from Q1, even after significant reinvestment.
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Eureka Concession Acquisition
The 30 km² Eureka concession, immediately west of San Albino, was secured, consolidating the district for the first time and adding highly prospective exploration ground.
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Development Project Updates
Predevelopment at Mt. Hamilton advanced with the addition of staff and equipment, while the public comment period for Eagle Mountain's ESIA concluded; the final ESIA filing is expected in the second half of 2026.
Analysis · MAKO · Energy & Transportation
Another record quarter underscores Mako's momentum: gold sales climbed to 14,610 ounces, driving revenue to approximately $63 million. The balance sheet grew even stronger, with cash and securities reaching $112 million—a $15 million sequential increase—despite significant outlays for exploration and development. For the first time, the Eureka concession acquisition consolidates the San Albino district, adding 30 km² of highly prospective ground. These results affirm Mako's position as a growing, well-capitalized gold producer with a pipeline of development projects advancing on schedule.
At the time of this filing, MAKO was trading at $7.24 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $634M. The 52-week trading range was $3.62 to $8.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.