Mako Mining Reports Q3 2026 Financial Results, Including Adjusted EBITDA(1) of US$30.3 million and EPS of US$0.19/share
Key Highlights
- ➤Q3 revenue $50.7 million, generating $30.3 million in Adjusted EBITDA
- ➤Q3 net income $16.4 million, or $0.19 per share
- ➤Q3 gold sales 11,581 ounces at $4,292 average realized price
- ➤Moss crusher overhaul costs $3.6 million, targeting Q3 2027 commissioning
- ➤Mt. Hamilton construction starts, with first gold pour expected by end-2027
Expert Statements
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“Q3 2026 was another strong quarter for Mako, generating $30.3 million in Adjusted EBITDA((1)(3)) and $16.4 million in net income.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“San Albino performed well, with exceptional cash flow generation, putting the Company in its strongest financial position.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“New growth opportunities are developing at San Albino, as we begin underground construction, and for the first time in history, drilling our new Eureka concession with initial results expected in the next 3 months.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“Moss had a weak quarter as we begin the process of overhauling and debottlenecking the legacy crushing plant.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“For a modest cost of $3.6 million, new crushers and ancillary equipment are expected to arrive in Q2 2027 and commissioned in Q3 2027.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“Once commissioned, production at Moss is anticipated to triple from current levels, with costs materially lower, while incremental improvements are expected between Q4 2026 and Q2 2027.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“Construction of Mt. Hamilton has commenced, with first gold pour expected by the end of 2027.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“Full construction permits for Eagle Mountain are anticipated in early 2027, with construction expected to commence in Q4 2027 when our operating team is nearing completion of Mt. Hamilton.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“Both development projects are fully funded with cash and cash flow from our operating assets.”
Akiba Leisman, Chief Executive Officer of Mako Mining Corp.
“Lastly, we are finalizing the Gold Purchase Agreement with Sailfish, expected to close in early 2027, which will allow the Company to continue its acquisition strategy with a much lower cost of capital.”
VANCOUVER, BC / ACCESS Newswire / November 13, 2026 / Mako Mining Corp. (NASDAQ:MAKO)(TSXV:MKO) ("Mako" or the "Company") is pleased to report financial results for the three months ended September 30, 2026 ("Q3 2026"). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated.
The Company's financial results for Q3 2026 reflect revenue of $50.7 million, which generated $22.4 million in Mine Operating Cash Flow ("Mine OCF") ((1)(3)), $30.3 million in Adjusted EBITDA ((1)) and $16.4 million in Net Income ($0.19/share). The Company sold 11,581 oz of gold at an average realized gold price ((1)(2)) of $4,292 per oz with a $2,890 All-In Sustaining Cost ("AISC") ($/oz sold). ((1) (2))
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