Mako Mining Announces Q1 2026 Production Results with Record Production of 13,721 Au oz., Revenue of ~US$69 Million, Debt Free and Cash Position of US$96.1 Million
Original announcement by tmx on
- Company
- Mako Mining Corp.
- Ticker
- MKO
- Exchange
- TSX
- Region
- Nicaragua
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Drill results, Production
- Extracted
- 2026-09-16 10:47:06 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Mako Mining reported record Q1 2026 production of 13,721 gold ounces and revenue of approximately US$68.6 million. The company maintains a strong financial position with US$96.1 million in cash and is currently debt-free.
Reasoning: The company reported record-breaking production and revenue figures for the quarter, alongside a very strong, debt-free balance sheet.
Positive factors
- Record gold production of 13,721 oz
- Record average gold price of $4,904/oz
- Revenue increased 36% vs previous quarter
- Strong cash position of $96.1 million
- Debt free status
Facts used in scoring: 8
Classification and evidence
Record Productionpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Company reported record gold production of 13,721 oz in Q1 2026.
Evidence · text
“Record Production of 13,721 Au oz.”
Extracted facts
Stored fact records: 8. Some facts used in scoring do not have a stored record.
Drill Results (8)
Fact 1San Albino · goldGrade: 7.76Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- gold
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 7.76
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-15T00:00:00.000Z
Reasoning: Strong production volume and grade from San Albino mine.
Positive factors
- High grade of 7.76 g/t Au
Evidence · text
“50,233 tonnes mined, containing 12,538 ounces ("oz") of gold ("Au") at an average grade of 7.76 grams per tonne ("g/t") Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 2San Albino · silverGrade: 7.71Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- silver
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 7.71
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-15T00:00:00.000Z
Reasoning: Silver byproduct reported alongside gold production.
Positive factors
- Significant silver byproduct
Evidence · text
“12,460 oz of silver ("Ag") at 7.71 g/t Ag”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 3San Albino · goldGrade: 10.64Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- gold
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 10.64
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-15T00:00:00.000Z
Reasoning: High-grade vein material contribution.
Positive factors
- High grade of 10.64 g/t Au
Evidence · text
“31,033 tonnes mined from diluted vein material containing 10,613 oz Au at 10.64 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 4San Albino · silverGrade: 10.5Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- silver
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 10.5
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-15T00:00:00.000Z
Reasoning: High grade silver byproduct from vein material.
Positive factors
- High grade silver
Evidence · text
“10,476 oz Ag at 10.50 g/t Ag”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 5San Albino · goldGrade: 3.12Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- gold
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 3.12
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-15T00:00:00.000Z
Reasoning: Production from historical material at lower grade.
Positive factors
- Contributes to total production
Negative factors
- Lower grade compared to vein material
Evidence · text
“19,200 tonnes mined from historical dump and other mineralized material above cutoff grade (" historical dump + other ") containing 1,925 oz Au at 3.12 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 6San Albino · silverGrade: 3.21Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- silver
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 3.21
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-15T00:00:00.000Z
Reasoning: Silver byproduct from historical material.
Evidence · text
“1,984 oz Ag at 3.21 g/t Ag”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 7San Albino · goldGrade: 7.7Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- gold
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 7.7
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-15T00:00:00.000Z
Reasoning: Total mill throughput and grade for the quarter.
Positive factors
- Consistent milling grade
Evidence · text
“53,638 tonnes milled containing 13,277 oz Au and 13,274 oz Ag grading 7.70 g/t Au and 7.70 g/t Ag”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 8San Albino · silverGrade: 7.7Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- silver
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 7.7
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-15T00:00:00.000Z
Reasoning: Silver byproduct from milling.
Evidence · text
“13,274 oz Ag grading 7.70 g/t Ag”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.