Mako Mining Announces Q4 2025 Production Results Generating Record Gold Revenue of Approximately US$ 50 million, Year End Cash Balance of US$ 78.1 million and Full Repayment of Debt
Mako Mining Sheds Debt and Shifts Gears Toward Nevada Expansion After Record Revenue Quarter
The most recent news release (January 13, 2026) reports record-breaking financial and operational results for Q4 2025. Mako Mining generated approximately US$ 50 million in gold revenue, a nearly 30% increase over its previous record. The company sold 11,604 ounces of gold at an average price of US$ 4,313 per ounce. Crucially, the company has fully repaid its remaining US$ 6.5 million in debt and ended the year with a robust cash and trade receivables balance of US$ 78.1 million. Operationally, the San Albino mine in Nicaragua remains the primary driver (9,307 oz sold), while the newly acquired Moss Mine in Arizona contributed 2,297 oz as it ramps up toward steady-state production.
This update is Material - Positive and signifies a total de-risking of the company’s balance sheet. - Financial Strength: Moving from a debt-burdened junior producer to a debt-free company with US$ 78.1 million in liquidity is a significant milestone. This cash position was bolstered by a US$ 37.7 million net equity raise in October 2025, but the underlying operations still generated a net cash increase of US$ 18.5 million in Q4 alone. - Asset Diversification: The "weak Q3 2025" previously guided by management materialized but was successfully bridged by the record Q4. The acquisition of the Moss Mine (Arizona) and the pending construction of Mt. Hamilton (Nevada) shift the company's profile toward more stable mining jurisdictions (USA) while maintaining high-grade production in Nicaragua. - Execution: Management has successfully integrated the Moss Mine and is meeting timelines for the Mt. Hamilton acquisition and Eagle Mountain permitting. The transition of Mt. Hamilton to "operating control" marks the beginning of Mako's third producing pillar.
Mako Mining is a gold producer and developer focused on high-margin projects in the Americas. - San Albino (Nicaragua): The flagship high-grade open-pit mine. It produces high-grade vein material (often >10 g/t Au). While small in scale (500-600 tpd), its exceptional grades allow for high cash flow margins. - Moss Mine (Arizona): An open-pit heap leach mine acquired in early 2025. It serves as a jurisdictional hedge and a growing production center. - Eagle Mountain (Guyana): A development project with a 2024 PEA showing an NPV of US$ 292 million.