Mako Mining Reports Financial Upswing in Q3 2025 Amid Record Cash Position and Debt Elimination

Mako Mining Corp. has disclosed its financial results for Q3 2025, highlighting a notable increase in revenues. The company, operating primarily from its San Albino and Moss mines, recorded revenues of $27.6 million compared to $15.7 million in the same period last year. This surge led to a mine operating cash flow of $8.9 million and an adjusted EBITDA of $9.3 million, despite higher operational costs attributed to low production levels at the Moss mine during its ramp-up phase.

The company reported a net income of $1.2 million from selling 7,830 ounces of gold at an average price of $3,454 per ounce. Notably, Mako has become debt-free with a current cash balance of approximately $66.0 million. The firm achieved this by closing an equity financing deal and paying off an outstanding debt of $6.5 million. Looking ahead, Mako anticipates a record Q4 2025, fueled by increased production rates at both mines.

In its growth strategy, Mako announced the acquisition of Mt. Hamilton Gold-Silver Project in Nevada. The company plans further expansion with anticipated funding for the Eagle Mountain project in Guyana by 2027, supported by cash flows from its gold operations.