Mako Mining (MAKO) Operating Expenses (2024 - 2026)

Mako Mining (MAKO) reported Operating Expenses of -$5.0 million for Q1 2026, down 123.09% year-over-year from $21.8 million in Q1 2025, and down 8.65% quarter-over-quarter from -$4.6 million in Q4 2025.

Mako Mining (MAKO) Operating Expenses (2024 - 2026) Analysis & Trends

Mako Mining (MAKO) has 3 years of Operating Expenses data on file, last reported at -$5.0 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$5.0 million, down 123.09% year-over-year; the trailing twelve-month figure through Mar 2026 was -$9.5 million (changed N/A YoY), and the FY2025 annual result was -$14.4 million, down 265.93% from the prior year.
  • Operating Expenses declined to -$5.0 million in Q1 2026 per MAKO's latest filing, from -$4.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $2.4 million in Q4 2024 and troughed at -$5.0 million in Q1 2026.
  • A 3-year average of -$2.4 million and a median of -$3.4 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses tumbled 293.56% in 2025, then plunged 123.09% in 2026.
  • A 3-year view of Operating Expenses shows it stood at $2.4 million in 2024, then plunged by 293.56% to -$4.6 million in 2025, then decreased by 8.65% to -$5.0 million in 2026.
  • Business Quant data shows MAKO's Operating Expenses at -$5.0 million in Q1 2026, -$4.6 million in Q4 2025, and -$2.3 million in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -4.48 Mn
2 Barrick Mining 1,048.41 Bn 1,051.14 Bn 3.12 Bn 155.00 Mn
3 Wheaton Precious Metals 429.35 Bn 428.20 Bn 699.37 Mn 76.85 Mn
4 Alamos Gold 144.86 Bn 144.19 Bn 442.20 Mn 19.40 Mn
5 Gold Fields 136.49 Bn 134.71 Bn - -
6 Kinross Gold 110.14 Bn 107.96 Bn 1.44 Bn 83.10 Mn
7 Newmont 106.92 Bn 98.31 Bn 7.29 Bn 2.84 Bn
8 Equinox Gold 51.34 Bn 50.84 Bn - 300,000.00
9 AngloGold Ashanti 47.89 Bn 44.92 Bn 1.94 Bn 999.00 Mn
10 Mako Mining 1.18 Mn -93.57 Mn 30.15 Mn -5.02 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -5.02 Mn
Dec 31, 2025 -4.62 Mn
Mar 31, 2025 -2.25 Mn
Dec 31, 2024 2.39 Mn