VANCOUVER, BC / ACCESSWIRE / August 13, 2024 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide financial results for the three months ended June 30th, 2024 ("Q2 2024"). All dollar amounts referred to herein are expressed in United States dollars unless otherwise stated.
The Company's financial results for Q2 2024 reflect gold sales of US$28.3 million, which generated US$14.5 million in Mine Operating Cash Flow (1) (3), and US$8.
8 million in Net Income. The Company reported US$0.13 in earnings per share (EPS) during the quarter, while selling 12,313 oz of gold at $1,098 All-In Sustaining Cost ("AISC") ($/oz sold (1) (2)).
Q2 2024 Highlights Financial $28.3 million in Revenue $14.6 million in Adjusted EBITDA (1) $14.
5 million in Mine Operating Cash Flow ("Mine OCF") (1) (3) $8.8 million Net Income $793 Cash Costs ($/oz sold) (1) (2) $1,098 All-In Sustaining Costs ("AISC") ($/oz sold) (1) (2) Debt Repayment of $0.8 million to Sailfish Silver Loan Stock Repurchase (NCIB) of $2.
9 million Cash Balance of $6.7 million and Gold in Sales Receivable of $3.2 million (increase of $2.
4 million vs. Q1 2024) Refers to a Non-GAAP financial measure within the meaning of National Instrument 52-112 - Non-GAAP and Other Financial Measures Disclosure ("NI 52-112"). Refer to information under the heading "Non-GAAP Measures" as well as the reconciliations later in this press release.
Refers to a Non-GAAP ratio within the meaning of NI-52-112. Refer to info.