Mako Mining Corp.: Mako Mining Reports Q2 2026 Financial Results, Including Adjusted EBITDA(1) of US$31.7 Million and EPS of US$0.16/Share
Mako Mining Corp. reported Q2 2026 results for the three months ended June 30, 2026. Revenue was $62.6 million, generating $25.9 million in mine operating cash flow and $31.7 million in adjusted EBITDA. Net income was $13.9 million, or $0.16 per share. The company sold 14,610 oz of gold at a $4,201 realized price and $2,286 AISC per oz.
How this was made
The 30-second read
Why it matters
Q2 2026 results show strong cash generation (Mine OCF $25.9M) and profitability (net income $13.9M), alongside a sizable liquidity position ($112.9M). Management also signals plans to unveil a cost-of-capital reduction pathway, potentially supporting future capital returns and valuation.
Market read
Traders can reassess MAKO’s near-term earnings power and balance-sheet resilience based on the quarterly cash flow and cost metrics, and position ahead of any subsequent capital-structure/cost-of-capital update.
What to watch
The release emphasizes non-GAAP metrics (Adjusted EBITDA, AISC) and includes forward-looking statements about lowering cost of capital; investors may discount these until concrete financing terms are disclosed.
Background
Mako Mining is a gold producer with the San Albino mine in Nicaragua and additional US assets (Moss Mine, Mt. Hamilton) plus a Guyana project (Eagle Mountain).
Ticker impact
Mako reported Q2 2026 results with record revenue of $62.6M, Adjusted EBITDA of $31.7M, and net income of $13.9M ($0.16/share).
Near-term bias to the upside if investors view margins and cash generation as sustainable; otherwise, reaction may fade on gold-price and cost sensitivity.
This is a primary quarterly results release with multiple hard metrics (revenue, Mine OCF, Adjusted EBITDA, net income, cash balance) and a forward-looking note about lowering cost of capital, which can influence valuation expectations.
Market effects
Adds another data point on gold miners’ cash generation and cost structure, potentially informing near-term sentiment around gold-equity profitability.
Limited direct regional spillover; primarily affects North American small/mid-cap gold mining sentiment.
Mostly company-specific, with broader relevance only through gold price and mining cost benchmarking.
Counterpoint
Profitability could be more gold-price and realized-price driven than operationally durable, so the stock may not sustain gains if gold weakens or AISC rises.
Key entities
- issuerMako Mining Corp.
Reported Q2 2026 revenue, Mine OCF, Adjusted EBITDA, net income, and cash balance, plus commentary on funding development projects and cost of capital.
