#Canada #Toronto #Gold Production #Mining Operations #Hemlo Mining Corp

Hemlo Mining Corp. Delivers Strong 2025 Gold Production Results

On February 23, 2026, Hemlo Mining Corp. (TSXV: HMMC), a newly established mid-tier gold producer based in Canada, confidently announced its 2025 gold production figures and outlined its operational strategies moving into 2026. The company reported a remarkable total of 143,458 ounces of gold produced in 2025, with December alone contributing 20,192 ounces. This marks a significant achievement as it reflects the company's robust operational momentum and effective year-end execution.

Transitioning to an Owner-Operator Model

As part of its growth strategy, Hemlo Mining Corp. is transitioning to an owner-operator mining model utilizing a disciplined hybrid approach. Collaborating with Manroc Developments Inc., the company is not only maintaining operational continuity but also enhancing cost control and workforce stability. This hybrid model is designed to prioritize training, providing job opportunities for local residents.

Focused Operational Optimization Initiatives

Hemlo Mining has embarked on a comprehensive Action Plan aimed at enhancing existing infrastructure and achieving a progressive production ramp-up through 2026 to 2028. Key initiatives include:
1. Material Handling Improvements: Enhancements aimed at increasing haulage efficiency and lowering unit costs.
2. Ventilation Upgrades: Aimed at supporting higher mining rates and facilitating deeper development.
3. Enhanced Ground Support Standards: Focused on increasing safety and flexibility while reducing costs.
4. Mine Sequencing Optimization: Designed to improve dilution control and production stability.
5. Recovery Initiatives: Implementing measures to improve overall gold recovery percentages.

Projections for 2026

The company is preparing to disclose its 2026 production and cost guidance in the third quarter of the year. Jason Kosec, President and CEO of Hemlo Mining Corp., noted that 2026 is anticipated to be pivotal for the company to unlock the mine's full potential. The priorities outlined emphasize health, safety, and environmental performance alongside strong team integration across operations.

The company is committed to maximizing its existing hoisting capacity of 7,100 tonnes per day and the milling capacity of 10,000 tonnes per day, ultimately targeting a significant production ramp-up that fosters sustainable long-term growth.

Notable Production Achievements

In 2025, Hemlo's total gold production was 143,458 payable ounces, with December alone contributing 20,192 payable ounces of gold, representing the highest production level in four years. This solid output was particularly notable as the company transitioned ownership while maintaining productivity, achieving its initial production guidance despite undergoing significant changes within the organizational structure.

The company's seamless operational strategies underscore the capacity for further development of its sizeable underground and surface infrastructure over the next two years. Hemlo Mining aims to enhance its underground mining rates, currently operating at 60% capacity.

Commitment to Health, Safety, and Sustainability

With a key focus on health, safety, and environmental protocols, the new leadership team at Hemlo will prioritize independent assessments of health and safety management systems, incorporating broader mining sustainability standards. The ongoing transition to an owner-operator model reflects a commitment to operational efficiency, resilience, and commitment to local communities. The plan is designed to integrate local labor effectively, with current initiatives already showing a 70% local workforce for contractor positions.

Advanced Mining Strategies and Equipment Investments

In 2026, Hemlo plans significant investments exceeding US$30 million for 21 new pieces of mobile equipment. These additions, consisting of haul trucks, scooptrams, and jumbos, will be crucial to accelerating development and increasing productivity throughout the mining cycle. As the life of the mine plan evolves, the company expects that additional investments will continue in subsequent years, augmenting its fleet modernization.

In conclusion, Hemlo Mining Corp. is not only reporting outstanding results for 2025 but is also laying the groundwork for a progressive future. The strategic focus on sustainability, local engagement, and operational excellence positions the company for remarkable growth in the coming years.