Commodities
Mako Mining Shares Decline Amid Gold Price Volatility
Mako Mining Corp's shares declined by 1.88% on September 1, 2026, as gold prices experienced a significant pullback.
The decline in gold prices put pressure across precious-metal mining shares, but Mako remains fundamentally supported by its record Q2 2026 revenue of approximately US$62.6 million and net income of US$13.9 million.
The company sold a record 14,610 ounces of gold during Q2 2026 at an average realized price of approximately US$4,201 per ounce.
Mako's Moss Mine in Arizona has become an increasingly important part of the investment story, with a reserve base supporting a 15-year mine life under the updated mine plan.