Mako Mining Corp. reported record quarterly revenue of US$62.6 million for the three months ended June 30, 2026, generating US$31.7 million in adjusted EBITDA and US$13.9 million in net income, or US$0.16 per share.

During the second quarter, Mako sold 14,610 ounces of gold at an average realized price of US$4,201 per ounce. Consolidated all-in sustaining costs reached US$2,286 per ounce sold, spanning US$1,535 per ounce at San Albino and US$3,708 per ounce at the Moss Mine. Operating cash flow from mines totalled US$25.9 million, while cash, trade receivables and marketable securities closed at US$112.9 million.

The company allocated US$2.9 million to exploration and evaluation expenses during the period. This spending included US$1.4 million in areas surrounding San Albino, US$1.4 million at Eagle Mountain in Guyana, and US$0.1 million at Mt. Hamilton.

“Q2 2026 was another strong quarter of operational and financial performance, with $31.7 million in Adjusted EBITDA and net income of $0.16 per share on record levels of gold production. Our industry-leading ROE and ROA, of 36.6% and 23.8% respectively, demonstrates the profitability of our underlying assets with very efficient capital utilization. We currently have a cash and gold-linked securities balance of approximately $112 million, which along with operating cash flow from our two mines, is more than sufficient to fully fund our two remaining development projects without the need for any external capital. Over the ensuing weeks, the Company plans to unveil its plans for lowering its cost of capital, which could include a pathway for substantial shareholder capital returns.”

— Akiba Leisman, CEO

Mako reported return on equity of 36.6% and return on assets of 23.8% for the period.

Read the full announcement: Mako Mining Reports Q2 2026 Financial Results, Including Adjusted EBITDA(1) of US$31.7 Million and EPS of US$0.16/Share