Mako Mining (MAKO) Research & Development (2024 - 2026)

Mako Mining (MAKO) reported Research & Development of -$1.8 million for Q1 2026, down 71.04% year-over-year from -$6.3 million in Q1 2025, and up 10.35% quarter-over-quarter from -$2.0 million in Q4 2025.

Mako Mining (MAKO) Research & Development (2024 - 2026) Analysis & Trends

Mako Mining (MAKO) has 3 years of Research & Development data on file, last reported at -$1.8 million in Q1 2026.

  • Research & Development for Q1 2026 came in at -$1.8 million, down 71.04% year-over-year; the trailing twelve-month figure through Mar 2026 was -$4.0 million (changed N/A YoY), and the FY2025 annual result was $9.4 million, up 292.86% from the prior year.
  • Research & Development climbed to -$1.8 million in Q1 2026 per MAKO's latest filing, from -$2.0 million in the prior quarter.
  • Over five years, Research & Development peaked at $888368.8 in Q4 2024 and troughed at -$2.0 million in Q4 2025.
  • A 3-year average of -$1.0 million and a median of -$1.4 million in 2025 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2025 and 2026: Research & Development tumbled 329.0% in 2025, then slumped 71.04% in 2026.
  • A 3-year view of Research & Development shows it stood at $888368.8 in 2024, then plunged by 329.0% to -$2.0 million in 2025, then rose by 10.35% to -$1.8 million in 2026.
  • Business Quant data shows MAKO's Research & Development at -$1.8 million in Q1 2026, -$2.0 million in Q4 2025, and -$1.1 million in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -
2 Barrick Mining 1,048.41 Bn 1,051.14 Bn 3.12 Bn 116.00 Mn
3 Wheaton Precious Metals 429.35 Bn 428.20 Bn 699.37 Mn -
4 Alamos Gold 144.86 Bn 144.19 Bn 442.20 Mn 7.50 Mn
5 Gold Fields 136.49 Bn 134.71 Bn - -
6 Kinross Gold 110.14 Bn 107.96 Bn 1.44 Bn 38.20 Mn
7 Newmont 106.92 Bn 98.31 Bn 7.29 Bn 45.00 Mn
8 Equinox Gold 51.34 Bn 50.84 Bn - -
9 AngloGold Ashanti 47.89 Bn 44.92 Bn 1.94 Bn -60.00 Mn
10 Mako Mining 1.18 Mn -93.57 Mn 30.15 Mn -1.82 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.82 Mn
Dec 31, 2025 -2.03 Mn
Mar 31, 2025 -1.07 Mn
Dec 31, 2024 888,368.78