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
DateValue
Mar 31, 2026 -5.53 Mn
Dec 31, 2025 -4.62 Mn
Mar 31, 2025 -2.25 Mn
Dec 31, 2024 2.39 Mn