Mako Mining reports Q1 EPS 26c vs. 12c last year

Reports Q1 revenue $68.6M vs. $31.8M last year. Akiba Leisman, CEO of Mako, states, “Q1 2026 was a record quarter for production, revenue, and profitability, with net income of $0.26 per share. These results were driven by just one mine in full commercial production and one ramping up. Our two remaining projects, both substantially larger than either asset in production, are fully funded and are expected to meaningfully boost profitability over the next few years. Mako closed the quarter with nearly $100 million in cash and no debt beyond our gold stream used to acquire the Mt. Hamilton gold project currently under construction. Over the next few quarters, the Company will focus on lowering our cost of capital to accelerate our accretive growth trajectory.”