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

Mako Mining (MAKO) posted quarterly Research & Development of -$1.8 million for Q1 2026, down 71.04% YoY from -$6.3 million in Q1 2025, and up 10.35% sequentially from -$2.0 million in Q4 2025.

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

Mako Mining has disclosed Research & Development across 3 years of filings, most recently posting -$1.8 million for Q1 2026.

  • In Q1 2026, Research & Development fell 71.04% year-over-year to -$1.8 million; the TTM figure through Mar 2026 stood at -$4.0 million (changed N/A YoY), while the FY2025 annual figure was $9.4 million, up 292.86% from the prior year.
  • Research & Development rose to -$1.8 million in Q1 2026, from -$2.0 million in the prior quarter.
  • Over the last five years, Research & Development for MAKO reached as high as $888368.8 in Q4 2024 and fell as low as -$2.0 million in Q4 2025.
  • The 3-year median for Research & Development is -$1.4 million (2025), against an average of -$1.0 million.
  • Annual changes were most pronounced in 2025 — Research & Development sank 329.0% — and 2026, when it plunged 71.04%.
  • A 3-year view of Research & Development shows it stood at $888368.8 in 2024, then slumped by 329.0% to -$2.0 million in 2025, then rose by 10.35% to -$1.8 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered -$1.8 million, -$2.0 million, and -$1.1 million for Q1 2026, Q4 2025, and Q1 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 116.00 Mn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 45.00 Mn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -2.55 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn -
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -177,000.00
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn -
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 38.20 Mn
10 Mako Mining 657,269.95 -94.09 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