# 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 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964 Original source: https://money.tmx.com/en/quote/MKO/news/7486313044714392/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72 Publisher: tmx Original announcement: 2026-04-15T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: Record gold production of 13,721 oz - Positive factor: Record average gold price of $4,904/oz - Positive factor: Revenue increased 36% vs previous quarter - Positive factor: Strong cash position of $96.1 million - Positive factor: Debt free status Facts used in scoring: 8 ## Classification and evidence **Record Production** Polarity: positive Story-specific tag Definition: 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 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964#fact-drill-facts-0) San Albino · gold Needs review: drill\_no\_hole\_id #### 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 factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964#fact-drill-facts-1) San Albino · silver Needs review: drill\_no\_hole\_id #### 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 factor: Significant silver byproduct Evidence · text > 12,460 oz of silver \("Ag"\) at 7.71 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964#fact-drill-facts-2) San Albino · gold Needs review: drill\_no\_hole\_id #### 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 factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964#fact-drill-facts-3) San Albino · silver Needs review: drill\_no\_hole\_id #### 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 factor: High grade silver Evidence · text > 10,476 oz Ag at 10.50 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964#fact-drill-facts-4) San Albino · gold Needs review: drill\_no\_hole\_id #### 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 factor: Contributes to total production - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964#fact-drill-facts-5) San Albino · silver Needs review: drill\_no\_hole\_id #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964#fact-drill-facts-6) San Albino · gold Needs review: drill\_no\_hole\_id #### 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 factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/mako-mining-announces-q1-2026-production-results-with-record-production-of-13-72--e01a94b5-dbd6-4079-8db8-94390c047964#fact-drill-facts-7) San Albino · silver Needs review: drill\_no\_hole\_id #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: 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.