Mako Mining Announces Q2 2026 Production Results with Record Gold Sold of 14,610 Au oz., Revenues of ~US$63 Million and Cash and Securities Balance of US$112 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, Agreement transaction, Permitting
- Extracted
- 2026-09-16 10:37:43 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Mako Mining reported record Q2 2026 gold sales of 14,610 oz and revenues of approximately US$63 million. The company also announced the successful acquisition of the Eureka concession in Nicaragua and provided updates on the predevelopment of the Mt. Hamilton and Eagle Mountain projects.
Reasoning: The company reported record quarterly gold sales and a significant increase in cash/securities, alongside strategic land consolidation at San Albino.
Positive factors
- Record gold sales of 14,610 oz
- Strong cash position of US$112 million
- Successful acquisition of Eureka concession adjacent to San Albino
- San Albino mine performing well with high grades
- Moss Mine ramping up as planned
Facts used in scoring: 8
Classification and evidence
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions a Qualified Person (John Rust) has reviewed the technical information.
Evidence · text
“Qualified Person John Rust, a metallurgical engineer and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this press release.”
Nearology Playpositive · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The acquisition of the Eureka concession adds highly prospective ground immediately adjacent to the operating San Albino mine.
Evidence · text
“The Eureka concession encompasses approximately 3,000 hectares of highly prospective terrain immediately to the west of the San Albino-Murra and El Jicaro concessions”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
Fact 1San Albino · goldGrade: 7.88Grade Unit: g/tIntercept: 48890 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- gold
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 7.88
- Grade Unit
- g/t
- Intercept
- 48890 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-15T00:00:00.000Z
Reasoning: Strong production volume and high grade for San Albino.
Positive factors
- High grade of 7.88 g/t Au
Evidence · text
“48,890 tonnes mined, containing 12,390 ounces ("oz") of gold ("Au") at an average grade of 7.88 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: 7.18Grade Unit: g/tIntercept: 48890 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- silver
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 7.18
- Grade Unit
- g/t
- Intercept
- 48890 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-15T00:00:00.000Z
Reasoning: Silver byproduct reported alongside gold production.
Positive factors
- Significant silver byproduct
Evidence · text
“11,289 oz of silver ("Ag") at 7.18 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: 10.93Grade Unit: g/tIntercept: 29142 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- gold
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 10.93
- Grade Unit
- g/t
- Intercept
- 29142 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-15T00:00:00.000Z
Reasoning: High-grade vein material contribution.
Positive factors
- Very high grade of 10.93 g/t Au
Evidence · text
“29,142 tonnes mined from diluted vein material containing 10,237 oz Au at 10.93 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: 9.89Grade Unit: g/tIntercept: 29142 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- silver
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 9.89
- Grade Unit
- g/t
- Intercept
- 29142 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-15T00:00:00.000Z
Reasoning: Silver byproduct from vein material.
Evidence · text
“9,270 oz Ag at 9.89 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: 3.39Grade Unit: g/tIntercept: 19747 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- gold
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 3.39
- Grade Unit
- g/t
- Intercept
- 19747 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-15T00:00:00.000Z
Reasoning: Lower grade material from historical sources.
Evidence · text
“19,747 tonnes mined from historical dump and other mineralized material above cutoff grade (" historical dump + other ") containing 2,153 oz Au at 3.39 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: 3.18Grade Unit: g/tIntercept: 19747 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- San Albino
- Commodity
- silver
- Region
- nicaragua
- Reported Region
- nicaragua
- Ticker
- MKO
Geometry
- Grade
- 3.18
- Grade Unit
- g/t
- Intercept
- 19747 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-15T00:00:00.000Z
Reasoning: Silver byproduct from historical sources.
Evidence · text
“2,019 oz Ag at 3.18 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.