Business
Hemlo Mining Announces First Gold Pour and Updates to its Post-Consolidation Share Capital
First Production Milestone Under New Ownership as Team Executes Seamless Operational Transition TORONTO, Dec. 18, 2025 /CNW/ - Hemlo Mining Corp. (TSXV: HMMC) (
About this update from Hemlo Mining Corp
[{"type":"text","content":" First Production Milestone Under New Ownership as Team Executes Seamless Operational Transition TORONTO, Dec. 18, 2025 /CNW/ - Hemlo Mining Corp. (TSXV: HMMC) (the \"Company\"), a new mid-tier Canadian gold producer, is pleased to announce the successful completion of its first gold pour at the Hemlo Gold Mine since acquiring the operation from Barrick Mining Corp. on November 26, 2025. The inaugural pour produced approximately 6,704 ounces of gold, representing one of Hemlo's largest single pours this year and underscoring the continuity and resilience of mining and processing operations through the ownership transition. Plant performance, throughput, and metallurgical recoveries remain fully aligned with the Company's operating plan. Jason Kosec, President and CEO of Hemlo Mining Corp., stated: \"The first gold pour under Hemlo Mining Corp. marks a defining milestone for our Company. Against a record gold-price environment, our team executed a seamless operational transition while maintaining an uncompromising focus on health, safety, and the environment. This pour reflects the strength of our mine, the quality of our people, and the disciplined plan we are now putting into action to stabilize operations, drive performance, and unlock meaningful long-term value.\" Since closing the acquisition, the Company has advanced a focused integration program emphasizing operational discipline, environmental stewardship, and a reinforced safety culture across the site. Hemlo Mining Corp. is committed to establishing Hemlo as a high-performing, responsibly-operated Canadian gold mine with substantial growth potential. The Company will provide a full corporate update in early January 2026, including preliminary full-year 2025 production results and further detail on operational initiatives underway. About Hemlo Mining Corp. Hemlo Mining Corp. (previously Carcetti Capital Corp.) recently closed the acquisition of the Hemlo Gold Mine from Barrick Mining Corp. for aggregate consideration of approximately US$1.1 billion. The Hemlo Gold Mine is located 35 kilometers east of the town of Marathon, Ontario and has produced approximately 25 million ounces of gold from both underground and open pit operations since production began in 1985. The Company is looking to establish itself as a leading Canadian mid-tier growth-focused gold producer, ...