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Mako Mining Reports Q3 Gold Production Of 12,743 Ounces, Generates ~$50M In Revenue And Ends Quarter With $119.3M In Cash And Receivables

Benzinga·10/19/2026 11:36:25
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Mako Mining Corp. (NASDAQ:MAKO)(TSXV:MKO) ("Mako" or the "Company") is pleased to provide its third quarter 2026 ("Q3 2026") production results for the Company's San Albino gold mine ("San Albino") in northern Nicaragua and the Moss Mine in Arizona ("Moss Mine") and a corporate update across all assets. Certain figures in this news release may not sum precisely due to rounding. Unless otherwise indicated, all amounts are expressed in U.S. dollars.

Q3 2026 San Albino Operational Highlights

  • 42,565 tonnes mined, containing 10,913 ounces ("oz") of gold ("Au") at an average grade of 7.97 grams per tonne ("g/t") Au and 11,489 oz of silver ("Ag") at 8.40 g/t Ag
    • 27,321 tonnes mined from diluted vein material containing 9,245 oz Au at 10.53 g/t Au and 9,690 oz Ag at 11.03 g/t Ag
    • 15,244 tonnes mined from historical dump and other mineralized material above cutoff grade ("historical dump + other") containing 1,667 oz Au at 3.40 g/t Au and 1,799 oz Ag at 3.67 g/t Ag
    • 40.7:1 strip ratio
  • 53,046 tonnes milled containing 11,365 oz Au and 12,221 oz Ag grading 6.66 g/t Au and 7.17 g/t Ag, respectively
    • 48% and 52% from diluted vein and historical dump and other, respectively
    • 587 tonnes per day ("tpd") milled at 98% availability
    • Mill recovery of 80.5% for gold
  • At quarter-end, the stockpile was estimated at 109,868 tonnes at an average grade of 2.74 g/t Au for contained Au of 9,666 oz

Q3 2026 Mako Financial Highlights

  • Mako total gold recovered of 12,743 oz Au (sales of 11,581 oz Au) for total revenue of ~$50 million in Q3 2026
    • San Albino gold recovered of 9,145 oz Au (sales of 8,768 oz Au at $4,285(1) per ounce)
    • Moss Mine gold recovered of 3,599 (sales of 2,812 oz Au at $4,343 per ounce)
  • Cash, securities and trade receivables of $119.3 million as of September 30, 2026
  • Delivered 894 oz Au in connection with gold stream related to the purchase of the Mt. Hamilton Project