#Canada #Marathon #Hemlo Mining #Gold Pour

Hemlo Mining Corp. Marks a New Era with First Gold Pour

Hemlo Mining Corp., a newly established mid-tier gold producer in Canada, has officially announced the successful completion of its first gold pour at the Hemlo Gold Mine. This event, which took place on December 18, 2025, marks a significant milestone in the company's newly acquired operations, which it took over from Barrick Mining Corp. just weeks prior, on November 26, 2025.

During the inaugural pour, approximately 6,704 ounces of gold were produced, highlighting both the high capacity of the Hemlo Gold Mine and the success of the team in executing a seamless operational transition. This achievement comes in a context of strong gold prices, showcasing the company's commitment to maintaining production levels during a critical ownership transition phase.

Jason Kosec, the President and CEO of Hemlo Mining Corp., expressed optimism about the company's future: "This first pour under Hemlo Mining Corp. signifies a pivotal moment for our organization. Despite navigating the complexities of ownership change, our team remained dedicated to health, safety, and environmental standards, which have always been our priority. This successful pour symbolizes the strength of our mine and the capabilities of our talented workforce."

Following the acquisition, Hemlo Mining Corp. has instituted focused integration efforts that emphasize operational discipline, environmental responsibility, and a robust safety culture at the site. The goal is to position Hemlo Gold Mine as a high-performing, responsibly managed Canadian gold mine with substantial potential for growth. The company has plans to maximize the existing infrastructure value and is actively pursuing new opportunities through an aggressive exploration program.

Overcoming Challenges with Strategic Focus

The transition process involved addressing various operational challenges while adhering to a disciple-driven approach, essential for any mining operations. With a steadfast commitment to stability and performance, Hemlo Mining is poised to thrive in a competitive environment characterized by fluctuating commodity prices. Moreover, the dedication shown by the team facilitates progressive output despite the potential hurdles that often accompany significant transitions like these.

While the preliminary results from 2025 set a promising tone, the company has outlined plans for a comprehensive corporate update in early January 2026. This update will encompass full-year production results along with detailed insights into the ongoing operational initiatives to ensure sustained progress. Analysts are keenly watching the developments at Hemlo, acknowledging its unique position within the mining sector and the company's potential to deliver long-term value for shareholders.

Addressing Operational Adjustments

In addition to the announcement of the successful gold pour, Hemlo Mining Corp. is correcting some previously disclosed share capital information that arose during the acquisition process. According to the company, the number of common shares outstanding after the transaction was slightly lower than anticipated due to rounding errors, and adjustments were necessary to accurately reflect the figures following the amalgamation and share consolidation. These updates emphasize the importance of precise reporting for investor confidence and transparency.

Furthermore, the company has seen increased activity with the conversion of $2,500,000 in unsecured convertible debentures into common shares, indicating strong investor engagement and confidence in the company's direction as of December 10, 2025.

The Road Ahead for Hemlo Mining Corp.

As Hemlo Mining moves forward, its strategic focus on operational excellence, safety, and environmental stewardship positions it well in the Canadian mining landscape. With plans to release further updates and production results in the coming months, the company aims to maintain clarity and build investor trust as it shapes its future path.

In conclusion, Hemlo Mining Corp. not only commemorates a successful inaugural gold pour but also underscores its commitment to responsible mining and operational excellence, embodying a new chapter for the Canadian gold mining industry.