Mako Q3: 12,743 oz Gold Recovered, ~$50M Revenue; Moss Crushing Upgrade Targets 2x Output
MAKO sits 81% above its 52-week low of $4.96.
Summary
Mako reported Q3 2026 gold recovery of 12,743 oz and ~$50M revenue, with a procured Moss crushing upgrade expected to more than double output by Q3 2027 and Mt. Hamilton construction unblocked by new USFS permits.
Key Events · Earnings and Guidance · MAKO
-
Q3 2026 Production and Revenue
12,743 oz Au recovered and 11,581 oz sold for ~$50M revenue; San Albino 9,145 oz recovered (8,768 oz sold at $4,285/oz), Moss 3,599 oz recovered (2,812 oz sold at $4,343/oz).
-
Moss Crushing Upgrade to Double Output
Q3 throughput was 5,113 short tons per day versus the 8,500 stpd Technical Report plan; a procured crushing and screening upgrade targets more than 12,000 stpd by Q3 2027, which with higher-grade East Pit material is expected to more than double gold production.
-
Mt. Hamilton Construction Unblocked
USFS condemnation drilling permits received October 16, 2026, pending posting of a $265,205 reclamation bond; the amended plan of operation is expected later this year with no schedule impact, and first gold pour is targeted for December 2027.
-
Eagle Mountain Permitting Progress
54 holes totaling 4,467 meters drilled in Q3; Guyana EPA comments on the draft ESIA received in early October, with the final ESIA expected in Q4 2026 and approval shortly after.
Analysis · MAKO · Energy & Transportation
Mako delivered a solid but inline quarter: 12,743 oz of gold recovered and roughly $50 million of revenue, with San Albino's lower output explained by processing more low-grade stockpile material (52% of mill feed vs 47% in Q2). The more consequential news is operational. Moss Mine ran at only 5,113 short tons per day against an 8,500 stpd plan because of mechanical bottlenecks, but the company has already procured a crushing circuit upgrade it expects to lift throughput above 12,000 stpd by Q3 2027 — more than double current gold production once higher-grade East Pit material is reached in early 2027. At Mt. Hamilton, the USFS condemnation drilling permits received October 16 removed the main construction bottleneck, keeping the December 2027 first gold pour on track. With $119.3 million in cash, securities and receivables, Mako says it can fund construction at both Mt. Hamilton and Eagle Mountain from its own balance sheet plus operating cash flow, which limits financing risk across the development pipeline.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. 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 $8.98 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $786.7M. The 52-week trading range was $4.96 to $11.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.