Mako Mining Corp. Announces Q1 2025 Financial Results Highlighting Record Cash Flow

Mako Mining Corp. reported record financial results for Q1 2025, ending March 31. The company achieved $31.8 million in gold sales, primarily from the San Albino and Moss mines, compared to $19.2 million in the previous year. This growth contributed to a mine operating cash flow of $19.9 million and an adjusted EBITDA of $16.1 million.

The quarter witnessed the sale of 10,817 oz of gold at an average price of $2,915/oz, with cash costs at $1,239 per ounce. The company completed the acquisition of the Moss gold mine in Arizona, increasing reported costs by $202/oz but maintaining a strong financial performance.

CEO Akiba Leisman highlighted the quarter's transformative nature with the Moss Acquisition and emphasized the development potential of Eagle Mountain in Guyana, supported by a robust cash position of $22.0 million at the end of May.