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Mako Mining's Q3 Earnings, Revenue Increase
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Mako Mining's Q3 Earnings, Revenue Increase
Nov 20, 2025 6:00 AM

07:52 AM EST, 11/20/2025 (MT Newswires) -- Mako Mining ( MAKOF ) reported Thursday an increase in comprehensive earnings and revenue for the third quarter.

The company booked a comprehensive income of US$775,000, or $0.01 per share, for the three months ended Sept. 30, jumping year over year from $280,000, or $0.00 per share.

Revenue climbed to $27.6 million from $15.6 million, as gold sales increased to 7,830 ounces from 6,532 ounces.

Mako said it expected the third quarter to be the lowest production quarter of the year, as it mined through relatively low-grade material at the San Albino mine in Nicaragua while production at the Moss operation in Arizona was almost exclusively from residual leach operations.

The company said it anticipates record financial results in the fourth quarter, citing the restart of high-grade production at San Albino and mining and stacking rates at Moss approaching design levels.

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