Mako Mining (MAKO) Operating Expenses (2024 - 2026)
Mako Mining (MAKO) posted quarterly Operating Expenses of -$5.0 million for Q1 2026, down 123.09% YoY from $21.8 million in Q1 2025, and down 8.65% sequentially from -$4.6 million in Q4 2025.
Mako Mining (MAKO) Operating Expenses (2024 - 2026) Analysis & Trends
Mako Mining has disclosed Operating Expenses across 3 years of filings, most recently posting -$5.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 123.09% year-over-year to -$5.0 million; the TTM figure through Mar 2026 stood at -$9.5 million (changed N/A YoY), while the FY2025 annual figure was -$14.4 million, down 265.93% from the prior year.
- Operating Expenses retreated to -$5.0 million in Q1 2026, from -$4.6 million in the prior quarter.
- Over the last five years, Operating Expenses for MAKO reached as high as $2.4 million in Q4 2024 and fell as low as -$5.0 million in Q1 2026.
- The 3-year median for Operating Expenses is -$3.4 million (2025), against an average of -$2.4 million.
- Annual changes were most pronounced in 2025 — Operating Expenses sank 293.56% — and 2026, when it slumped 123.09%.
- A 3-year view of Operating Expenses shows it stood at $2.4 million in 2024, then slumped by 293.56% to -$4.6 million in 2025, then decreased by 8.65% to -$5.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$5.0 million, -$4.6 million, and -$2.3 million for Q1 2026, Q4 2025, and Q1 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 155.00 Mn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | -7.01 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 2.84 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -19.25 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 89.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -1.16 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 9.20 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 83.10 Mn |
| 10 | Mako Mining | 657,269.95 | -94.09 Mn | 30.15 Mn | -5.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.53 Mn |
| Dec 31, 2025 | -4.62 Mn |
| Mar 31, 2025 | -2.25 Mn |
| Dec 31, 2024 | 2.39 Mn |