Hemlo Mining Corp. reports news centered on the Hemlo Gold Mine, including gold production, gold sold, ore processed, average grade, recovery, and financial-position measures. Company updates also cover the trading status of its common shares on the OTCQX Best Market under HMMCF and on the TSX Venture Exchange under HMMC.
Hemlo Mining (HMMCF) reported third-quarter 2026 gold production of 29,617 ounces, up from the previous quarter despite an underground power outage. Production rose from 27,858 ounces in Q2 as processed grade increased to 3.00 grams per tonne from 2.62 and recovery reached 95.0% versus 94.3%. Attributable production was 25,652 ounces, with attributable sales of 29,830 ounces.
The substation outage constrained mining and delayed the planned production ramp-up. A relocated substation was commissioned after quarter-end; the company expects replacement equipment in December 2026. Production drilling increased 35% and paste filling 13% from Q2. Seven equipment units valued at approximately $8.5 million arrived, bringing deliveries to 17 of 21 planned units. Hemlo also initiated bulk-mining tests beneath the historical open pit. Preliminary cash stood at $144.778 million at September 30, versus $131.956 million at December 31, 2025.
Hemlo Mining Corp (HMMCF) unveiled a refined porphyry-based exploration model and regional program for its 45,000-hectare Hemlo land package.
Recent work with external porphyry specialists supports interpreting Hemlo as an Archean porphyry–epithermal Au-Mo system, providing a framework to seek clustered deposits. The Moose Lake porphyry, linked to the ~25 Moz Hemlo deposit, is used as an exploration blueprint. Priority targets include the Pic Property (~23,000 ha) with the Beggs Area and Wire Area, the ~10,000-hectare Hemlo Mine Property (including Hemlo West) and the ~12,000-hectare Hemlo North Property. Historical highlights at Pic include 133.2 g/t Au over 2.0 m at Beggs and 2.6 g/t Au over 18.7 m at Wire. Fieldwork at Pic is expected to start September 2026, airborne geophysics is planned for late 2026, and first regional drilling is targeted for 2027.
Hemlo Mining (HMMCF) has been added to the VanEck Junior Gold Miners ETF (GDXJ), effective at market close on September 18, 2026.
The company describes this inclusion, following GDXJ’s semi-annual review and quarterly rebalancing, as an important milestone in its development as a public company. Hemlo Mining expects the listing to enhance trading liquidity, broaden its shareholder base, and increase awareness among institutional and retail investors worldwide, supporting its efforts to strengthen its capital markets profile.
Hemlo Mining Corp (HMMCF) reports a temporary outage at an underground electrical substation that occurred on September 4, 2026 at its Hemlo Gold Mine.
The affected substation powers part of the Alimak production area on the 9765 level. There were no injuries and the rest of the mine, including the processing plant, continues to operate normally. A temporary bypass has restored reduced-capacity power, while a replacement substation, ordered earlier, is expected in December 2026 at an estimated cost of about US$250,000. Some stopes may see mining deferred until full power is restored.
Hemlo Mining Corp. (HMMCF) reported new 2026 drill results from the South-Rim Zone at the Hemlo Gold Mine, including 89.89 g/t Au over 3.0 metres, 14.81 g/t Au over 10.0 metres and 12.97 g/t Au over 7.0 metres, further defining high-grade mineralization adjacent to the C-Zone.
Drilling has now outlined approximately 500 metres of high-grade mineralization within a 1.5‑kilometre interpreted South-Rim horizon, located only 50–150 metres from active C‑Zone mining and existing underground infrastructure. South-Rim remains open along strike, down plunge and laterally, with additional deeper drilling planned in the fourth quarter of 2026 and further work into 2027. These 2026 South-Rim results were not included in the June 2026 Mineral Resource Estimate and are expected by the company to support future resource growth and a comprehensive Mineral Resource and Mineral Reserve update targeted for the second half of 2027. Hemlo Mining also appointed Martin Rioux as Vice President, Human Resources.
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Hemlo Mining (TSX:HMMC, OTCQX:HMMCF) reported Q2 2026 operating results for the Hemlo Gold Mine, with total gold production of 27,858 oz (versus 34,764 oz in Q1 2026) and attributable production of 25,188 oz. Total ore processed was 344,000 tonnes at a recovery rate of 94.3%, while total gold sold reached 32,425 oz.
According to Hemlo Mining, Q2 production was lower quarter‑over‑quarter due to a strategic shift in mine sequencing and increased processing of lower‑grade development ore, though this raised the share of production attributable to the company. Operational metrics improved versus Q1, with development metres up 42%, longhole drilling up 65%, tonnes moved up 5%, and ore milled up 7%.
The company highlighted three years without lost‑time injuries, an Impact Benefit Agreement with Biigtigong Nishnaabeg, a 34% increase in Measured & Indicated resources, graduation to the Toronto Stock Exchange, and strong South‑Rim Zone exploration results. Hemlo ended June 30, 2026 with cash of $130.2 million, compared with $132.0 million at December 31, 2025, based on preliminary figures. Full Q2 2026 financials are expected on August 11, 2026, followed by a conference call on August 12, 2026.
Hemlo Mining (TSX:HMMC, OTCQX:HMMCF) announced that its common shares are now DTC eligible, enabling electronic clearing and settlement of trades in the United States through the Depository Trust Company. According to Hemlo Mining, this is expected to simplify U.S. trading and enhance share liquidity.
With DTC eligibility, Hemlo Mining’s shares can be traded through a wider network of U.S. brokerage firms, potentially accelerating settlement and broadening investor access. The company stated that existing shareholders do not need to take any action in response to this change.
Hemlo Mining (OTCQX:HMMCF) released an updated Mineral Resource Estimate for the Hemlo Gold Mine effective December 31, 2025. Measured & Indicated resources (100% basis) total 96.9 Mt at 1.55 g/t Au for 4.8 Moz, a +34% increase versus the 2025 report. Inferred resources are 12.1 Mt at 2.22 g/t Au for 0.9 Moz, up 39%. Underground M&I resources are 24.9 Mt at 3.53 g/t Au for 2.8 Moz, while open-pit M&I are 71.9 Mt at 0.87 g/t Au for 2.0 Moz. The update reflects additional drilling, refined geological models, higher long-term gold price assumptions of US$2,500/oz, and inclusion of the new A‑Zone. A comprehensive MRMR update and new Technical Report are targeted for the second half of 2027.
Hemlo Mining (TSX:HMMC, OTCQX:HMMCF) appointed capital markets executive Eva Koci as an independent director, effective June 22, 2026, bringing the Board to seven members, a majority independent.
She becomes Chair of the Compensation Committee and joins the Audit Committee, supporting fully independent core Board committees.