Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations

Mako Mining Announces Q1 2026 Production Results with Record Production of 13,721 Au oz., Revenue of ~US$69 Million, Debt Free and Cash Position of US$96.1 Million

Mako Mining Posts Record Q1 Gold Output as Cash Pile Swells to $96 Million

By The Northwire Desk — AI Analysis Apr 15, 2026 · 07:30 MKO · 10.49 Mako Mining Corp.
Executive Summary
  • Mako Mining Corp. reported record Q1 2026 production of 13,721 ounces of gold and revenue of approximately US$68.6 million.
  • Revenue increased by 36% compared to the previous quarter (Q4 2025), which was also a record quarter for the company.
  • The company remains debt-free with a cash position and trade receivables totaling US$96.1 million as of March 31, 2026.
  • San Albino mine produced 12,538 oz Au from mining and 13,277 oz Au milled in the quarter.
  • Moss Mine sales contributed 3,323 oz Au, indicating continued ramp-up to steady-state production.
  • Eagle Mountain Gold Project (Guyana) submitted its Environmental and Social Impact Assessment (ESIA) on March 25, 2026.
  • Mt. Hamilton Project (Nevada) construction is expected to commence over the next few weeks following acquisition completion in March 2026.
Material Impact
  • The Q1 results confirm the guidance provided in the Q4 2025 release where management stated "Q1 2026 will be another record quarter".
  • While positive, the news is largely expected given the trajectory of production ramp-up at Moss Mine and strong grades at San Albino.
  • The debt-free status with US$96.1 million in cash significantly de-risks future capital needs for Mt. Hamilton construction without requiring equity dilution.
  • Nasdaq listing approval (March 2026) combined with this cash generation enhances liquidity and visibility, supporting the "Routine - Positive" classification as it validates previous strategic announcements rather than introducing fundamentally new surprises.
  • The revenue jump from $50M to $69M is substantial but aligns with the company's stated strategy of self-funded growth using operating cash flow.
MKO · Price
Company Overview
  • Company: Mako Mining Corp. operates multiple gold assets across Nicaragua, USA, and Guyana.
  • Flagship Project: San Albino Mine (Nicaragua) is the primary cash generator, producing high-grade gold with mill recovery rates around 80%.
  • Secondary Assets: Moss Mine (Arizona) is ramping up to steady-state production; Eagle Mountain (Guyana) is in permitting stage for future growth.
  • New Asset: Mt. Hamilton Project (Nevada) acquired via related-party transaction, fully permitted with construction starting soon.
  • Strategy: Self-funded organic growth and targeted M&A using cash flow from operations to avoid debt and equity dilution.
Read the original news release →

More from Mako Mining Corp.

Oct 19, 2026 · 07:30

Mako’s Moss production ran 40% below its mine plan, causing third-quarter gold sales to slide 21% sequentially.

Earnings Sep 14, 2026 · 09:15

Mako’s 20-year gold stream for 49% of Sailfish telegraphed the plan.

M&A / Property Sep 10, 2026 · 07:30

Mako’s Guyana deal de-risks the Eagle Mountain project, though cost creep and streaming agreements limit potential upside.

M&A / Property Aug 14, 2026 · 07:15

Mako’s Q2 ounces confirm production but lower gold prices cut earnings per share by 38% quarter on quarter.

Earnings Jul 15, 2026 · 16:45

Mako reported sequential production records while lower realized gold prices reduced revenue, even as the company continued to strengthen its balance sheet.

Earnings Jul 07, 2026 · 08:45

Mako’s Moss reserve validates a 15-year mine life, though gradual ramp-up and low grades temper near-term production upside.

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