Mako Mining posts Q2 2026 profit rise on higher realized gold prices, more ounces sold
Reuters2026/08/14 11:47- Mako Mining posted Q2 2026 revenue of US$62.6 million, net income of US$13.9 million, operating cash flow of US$26 million.
- Stronger results reflected higher realized gold prices, with consolidated sales rising to 14,610 oz from 11,476 oz.
- Cost of sales increased on higher royalty expense tied to higher gold prices, higher Moss mining and crushing costs, longer San Albino haul distances.
- Moss remained below commercial production, with ramp-up work aimed at steadier stacking rates, improved crushing reliability, heap leach optimization.
- Cash and cash equivalents were US$71.9 million at June 30, 2026; working capital rose to US$106.2 million on stronger cash generation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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