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| Date | Value |
|---|---|
| Mar 31, 2026 | -1.82 Mn |
| Dec 31, 2025 | -2.03 Mn |
| Mar 31, 2025 | -1.07 Mn |
| Dec 31, 2024 | 888,368.78 |