Mako Mining (TSE:MKO) has released an update.
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Mako Mining Corp. reported a record-breaking fourth quarter in 2023, with $26.5 million in revenue, $9.5 million net income, and a notable earnings per share (EPS) of $0.145. The company’s San Albino gold mine saw impressive gold sales totaling 13,481 ounces at an All-In Sustaining Cost (AISC) of $817/oz, contributing to substantial mine operating cash flow. Furthermore, Mako Mining demonstrated financial prudence with a significant debt repayment of $6.9 million during the quarter.
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