Hemlo Mining Corp. Reports Third Quarter 2026 Operating Results
PR Newswire•21/10/2026•06:30 ET
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Key Highlights
- ➤Q3 gold production 29,617 ounces, up from 27,858 ounces in Q2
- ➤Attributable Q3 gold production reached 25,652 ounces, versus 25,188 ounces in Q2
- ➤Q3 ore processed totaled 342,000 tonnes at a 3.00 g/t average grade
- ➤Cash rose to $144.8 million; net cash reached $2.3 million from $93.0 million debt
- ➤Seven mobile equipment units worth approximately $8.5 million were delivered in Q3
Expert Statements
Jason Kosec, President, CEO & Director of Hemlo Mining Corp.
“Q3 demonstrated the resilience of the operation and the dedication of our workforce. Despite operational challenges during the quarter, we delivered stable gold production with an improved grade profile compared to Q2 while continuing to advance key operational initiatives. We also saw positive trends across several important operating metrics, including a 35% increase in production drilling and a 13% increase in paste filling compared to Q2, supporting consistent production and development rates throughout the quarter. In addition, we expanded our workforce, continued building out the underground fleet and advanced bulk mining test work, helping to strengthen the foundation for future production growth and greater operating flexibility. With 17 of 21 planned equipment units now delivered and several growth initiatives advancing as planned, we believe the Mine is increasingly well positioned to deliver improved operating performance and continue building momentum into 2027.”
Hemlo Mining Corp. Reports Third Quarter 2026 Operating Results PR Newswire
TORONTO, Oct. 21, 2026 /PRNewswire/ -- Hemlo Mining Corp. (TSX: HMMC) (OTCQX: HMMCF) ("Hemlo Mining" or the "Company") is pleased to report operating results for the third quarter ended September 30, 2026 ("Q3" or "Q3 2026"). The Company plans to release its Q3 2026 financial results after market close on Monday, November 9, 2026, followed by a conference call and webcast hosted by senior management on Tuesday, November 10, 2026 at 11:00 AM Eastern Time.
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