If you don't want to buy a new one, they can be repaired, but the crack will sometimes get cast into the rock your casting. To repair you need some liquid RTV latex, and a gauze pad or two.
Paint the outside of the mold, after it has been thoroughly cleaned removing all foreign material from the outside, liberally with the RTV latex. Paint some into the crack a little to act as a seal.
When the latex looks like it is setting up, "paint" the gauze, that has been unfolded, into the layer just applied, and seal the gauze with more latex. You may have to paint on more gauze and reseal.
The gauze reinforces the mold and the new latex seals the cracks in it.
I've never tried this method with a deep mold, as it may make it too stiff to turn out. Our club has used this method to repair some rock molds made over 20 years ago from rocks and coal located here. Seems they need repair about once every few years if used heavily.
The advantage to using this method is that you can always make a new mold off of any rock, coal or similar material that you find, as well as repair old molds needing some work.