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Hemlo Mining Corp. Buys Back Royalty Interest Over Past-Producing David Bell Property
Hemlo Mining Corp. Buys Back Royalty Interest Over Past-Producing David Bell Property PR ...
About this update from Hemlo Mining Corp
[{"type":"text","content":"Hemlo Mining Corp. Buys Back Royalty Interest Over Past-Producing David Bell Property\n\n\nHemlo Mining Corp. Buys Back Royalty Interest Over Past-Producing David Bell Property\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPR Newswire\n\n\nTORONTO, Feb. 12, 2026 /PRNewswire/ - Hemlo Mining Corp. (TSXV: HMMC) (the \"Company\"), a new Canadian mid-tier gold producer, has purchased a 1.5% net smelter return royalty at its Hemlo Gold Mine Complex (\"Hemlo\" or the \"Mine\"), located near Marathon, Ontario, Canada.\n\n\n\n\n\n\n\nHighlightsThe acquisition and termination of the royalty consolidates the Company's interest over the Hemlo land package, improving economic leverage to potential exploration success and future production growth.The Company views the consolidation of royalty interests within its land package as an accretive strategy to support exploration investment and long-term shareholder value.The purchased royalty covers 17 mineral claims associated with the past-producing David Bell Mine, located approximately 1 kilometre east of the Company's current operations.The Company has identified multiple exploration targets at the David Bell property, which will be tested through the Company's 2026 exploration drilling program.The David Bell mine produced approximately 4.2 million ounces of gold from 1985 to 2013, during a period when gold prices averaged approximately US$600 per ounce.Jason Kosec, President and CEO of Hemlo Mining Corp., stated:\"Our 2026 exploration program is designed to unlock new mineralization across the broader Hemlo land package, including in the vicinity of the past-producing David Bell Mine. By targeting areas proximal to existing infrastructure, we aim to efficiently convert exploration success into extended mine life, enhanced production profiles, and improved long-term economics.In parallel, we will continue to consolidate royalty interests within our land package where valuations are compelling. This disciplined and accretive approach directly supports exploration investment and strengthens long-term shareholder value.Importantly, our ...