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Mako Mining (MKO) investor relations material
Mako Mining Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved record Adjusted EBITDA of $21.3 million and a record increase in cash of $18.2 million in Q2 2025.
Net income reached $8.8 million, with EPS of $0.11 per share from 11,476 oz gold sold at $3,323/oz.
Only one of three assets in commercial production; Moss Mine to recommence mining at end of August 2025.
Financial highlights
Revenue for Q2 2025 was $38.7 million, up from $28.3 million in Q2 2024.
Mine Operating Cash Flow was $16.9 million.
Cash costs were $1,509/oz sold; AISC was $1,668/oz sold.
Sold 11,476 oz of gold in Q2 2025, with 22,293 oz sold in the first half of 2025.
Outlook and guidance
Second half of 2025 expected to have similar San Albino production, weighted towards Q4, which is projected to be a record quarter.
Mining at Moss Mine to restart at end of August 2025, with full-scale operations expected in September.
Advancing Eagle Mountain project in Guyana, aiming to submit Environmental Impact Assessment in early Q1 2025.
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