Hemlo Mining Corp. Reports Second Quarter 2026 Financial and Operating Results

Hemlo Mining Corp. Reports Second Quarter 2026 Financial and Operating Results

PR Newswire

TORONTO , Aug. 11, 2026 /PRNewswire/ -- Hemlo Mining Corp. (TSX: HMMC) (OTCQX: HMMCF) ("Hemlo" or the "Company") is pleased to announce its financial and operating results for the second quarter ended June 30, 2026 ("Q2" or "Q2 2026"). The Company will host a conference call to discuss second quarter 2026 results on Wednesday, August 12, 2026 at 11:00 AM Eastern Time.

(All amounts expressed in U.S. dollars unless otherwise stated)

Jason Kosec, President, CEO & Director of Hemlo Mining, commented: "Q2 demonstrated continued execution against our strategic priorities as we advanced our owner-operator transition and strengthened the operational foundations required to support higher long-term production rates. We delivered attributable gold production of 25,188 ounces, generating revenue of $142.5 million and net income of $31.0 million, or $0.10 per share. During the quarter, production was in line with our expectations while operational fundamentals strengthened meaningfully, positioning the business for improved performance as newly developed mining areas enter the production sequence. We also achieved several important strategic milestones, including a 34% increase in Measured & Indicated Mineral Resources, graduation to the Toronto Stock Exchange, completion of an Impact Benefit Agreement with Biigtigong Nishnaabeg, and three consecutive years without a lost-time injury. The progress we have made during the first half of 2026 reinforces our confidence in the significant long-term value creation opportunity at Hemlo."

Second Quarter Highlights:

Financial Highlights

Revenue for the three months ended June 30, 2026 was $142.5 million, mainly from 32,425 gold ounces sold at an average realized price 1 of $4,467 per ounce. Revenue for the six months ended June 30, 2