Hemlo Mining Corp. Welcomes Jason Banducci to the Executive Team as New VP of Corporate Development and Investor Relations

Strengthening the Leadership at Hemlo Mining Corp.

Hemlo Mining Corp., a prominent player in the Canadian gold mining sector, has made an exciting announcement in the realm of corporate leadership. On March 2, 2026, the company shared that Jason Banducci has been appointed as the Vice President of Corporate Development and Investor Relations. Banducci comes with a remarkable background, boasting nearly 15 years of extensive experience in corporate strategy, capital markets, and investor relations within the global mining industry.

A Proven Leader in Mining

Before joining Hemlo Mining, Banducci held a senior executive position at a U.S.-focused gold producer, where his influence was pivotal in transitioning the company's profile from mere developer to successful producer. His strategic oversight culminated in the acquisition of a Nevada-based gold mining operation, ultimately leading to a dramatic increase in market capitalization from approximately $200 million to over $1 billion. This remarkable achievement showcases his capability in elevating companies through strategic acquisitions and business maneuvers.

At the early stages of his career, Banducci carved a niche for himself as a founding executive in a gold exploration company. He played a crucial role in the company’s go-public transaction on the TSX Venture Exchange. Banducci was also key in executing an extensive merger that birthed one of the largest U.S.-focused precious metals exploration and development companies. Such a wealth of experience is further backed by his tenure in investment banking, where he was immersed in advising mining companies on various strategic transactions, including mergers, acquisitions, and financing agreements.

Educational Background

In terms of academic credentials, Banducci possesses an MBA from the Smith School of Business at Queen's University, complemented by a Bachelor’s degree from the University of Western Ontario. This foundational education sets him up for insights into strategic growth and operational management.

In his new position at Hemlo Mining, Banducci will oversee several critical aspects of the company's operations including corporate development, capital markets strategies, investor relations, and corporate communications. His multifaceted approach is anticipated to position Hemlo Mining favorably for future growth, especially in a time when the global demand for gold is on the rise.

Exciting Future Ahead

Jason Kosec, the President and CEO of Hemlo Mining, expressed optimism about Banducci's appointment. Kosec highlighted Banducci's rare combination of transaction execution skill, capital markets insight, and strategic vision as a significant asset for the company's developmental trajectory. This alignment is especially vital for Hemlo Mining's ambition to establish itself as a leading mid-tier gold producer in Canada.

“Jason brings a rare combination of transaction execution, capital markets insight, and strategic vision. His track record aligns directly with our aim to grow Hemlo,” Kosec remarked.

In a statement, Banducci shared his enthusiasm about joining Hemlo Mining during this pivotal moment in the company’s growth. He stated, “The company has a strong foundation and clear vision, and I look forward to working with the industry-leading board of directors and management team to enhance capital markets visibility, evaluate strategic growth opportunities, and execute initiatives that create long-term shareholder value.”

Recent Developments in Hemlo Mining

Hemlo Mining Corp. recently closed a notable acquisition of the Hemlo Gold Mine from Barrick Mining Corp. for a substantial total consideration of up to $1.1 billion. The Hemlo Gold Mine, located 35 kilometers east of Marathon, Ontario, has an impressive production history, yielding approximately 25 million ounces of gold since its inception in 1985. The company's immediate focus is on maximizing the value of this existing infrastructure while exploring aggressive brownfields exploration to unveil new opportunities for growth.

This strategic leadership appointment and recent corporate activities position Hemlo Mining on a promising path within the mining industry. With Jason Banducci at the forefront of corporate development and investor relations, Hemlo Mining aims to enhance its market presence and shareholder engagement effectively. As the global gold market continues to evolve, Hemlo’s initiatives under Banducci’s leadership could potentially lead to significant advancements in both production and capital appreciation in the near future.