Business
Hemlo Mining Corp. Announces Strong 2025 Gold Production of 143,458 Ounces (Including 20,192 Ounces in December) and Provides Operational Update
Hemlo Mining Corp. Announces Strong 2025 Gold Production of 143,458 Ounces (Including 20,192 Ounces in December) and Provides Operational Update
About this update from Alimak Group Ab
[{"type":"text","content":"TORONTO, February 23, 2026 Hemlo Mining Corp. (TSXV: HMMC) (the "Company"), a new Canadian mid-tier gold producer, is pleased to provide an update on its 2025 gold production as well as 2026 operations program at the Hemlo Gold Mine ("Hemlo" or the "Mine"), located near Marathon, Ontario, Canada.","length":327,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Strong 2025 Production Performance – The Hemlo Mine produced 143,458 ounces of gold in 2025, including 20,192 ounces in December, reflecting strong year-end execution and operational momentum.","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Owner-Operator Transition (Hybrid Model) – The Company is transitioning to an owner-operator mining model using a disciplined hybrid approach. Manroc Developments Inc. ("Manroc") will continue with Alimak mining and provide support in select areas during the transition, ensuring operational continuity while enhancing cost control, workforce stability, and long-term value creation. The strategy prioritizes training and employment from surrounding communities.","length":472,"tagName":"p"}]},{"val":[{"type":"text","content":"Operational Optimization & Infrastructure Leverage– A structured Action Plan is underway to maximize existing infrastructure and drive a progressive production ramp-up through 2026–2028, including:","length":201,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Material handling improvements to increase haulage efficiency and reduce unit costs","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Ventilation upgrades to support higher mining rates and deeper development","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Enhanced ground support standards to improve safety, mining flexibility, and reduce costs","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Optimized mine sequencing to improve dilution, grade control, production stability, and material handling","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Mine and Mill recovery initiatives to increase overall gold recovery","length":68,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":419,"olType":false}]},{"val":[{"type":"text","con...