-- Mako Mining (MKO.V) reported Wednesday record gold production of 13,721 ounces in the first quarter.
The output comprises 10,398 ounces of gold from the San Albino mine in Nicaragua and the 3,323 ounces from the Moss mine in Arizona.
Mako integrated the Moss mine into its portfolio in March 2025 through a US$6.5 million deal to acquire the asset.
The company said its first-quarter revenue reached US$68.6 million at a record average gold price of $4,904 per ounce.
Mako said it is currently debt free with a cash position of $96.1 million, allowing the company to advance the Eagle Mountain project in Guyana and the Mt. Hamilton project in Nevada.
The company traded 3.9% higher at last look to $7.65 per share on Nasdaq pre-market trading.