Mako Mining reports Q2 EPS 11c

Reports revenue $38.7M vs. $28.3M last year. Akiba Leisman, CEO, states that “Q2 was another strong quarter for Mako, with record Adjusted EBITDA of $21.3M, a record increase in cash of $18.2M, and EPS of $0.11/share while generating industry leading ROE and ROA of 33.9% and 23.5%, despite only having one of our three assets in commercial production. We sold a total of 11,476 ounces for the quarter, and 22,293 ounces for the first half of 2025, of which 19,985 ounces were attributable to San Albino. The second half of 2025 will have similar production rates for San Albino, weighted towards Q4 2025, which is currently scheduled to be a record for the Company. Additionally, mining will recommence at Moss at the end of August now that previously delayed equipment from our mining contractor has started to arrive at site. Therefore, the second half of 2025 will be heavily weighted towards Q4. Meanwhile, we continue to advance the Eagle Mountain project in Guyana so that we can submit our Environmental Impact Assessment early in Q1 2025 in preparation for a construction decision.”