Hemlo Mining Corp · TSX:HMMC
Hemlo Mining — Q1 2026 Earnings Presentation
13 slides from Hemlo Mining's earnings presentation, May 2026
Slide 1: A New Canadian Gold Producer: Q1 2026 Financial & Operating Results
QT is oe, w Canadian Gold Producer a 026 Q1 Financial & Operating Results MAY::-2-1-;--2026 TSXV: HMMC OTCQX: HMMCF | HEMLOMINING.COM
Slide 2: Cautionary Note & Legal Disclaimer
Cautionary Note & Legal Disclaimer Cautionary Note This presentation is dated May 2026 and is a presentation with respect to Hemlo Mining Corp. (the “Company”, “Hemlo Mining”, or “HMMC”) and is subject to change. This presentation does not constitute an offer to sell or a solicitation of an offer to
Slide 3: Q1 2026 Results: Agenda & Call Participants
Q1 2026 Results: Agenda & Call Participants 01 Hemlo Mining Overview Jonathan Awde Executive Chair Jason Banducci 02 Q1 2026 Highlights Vice President, Corporate Development & IR Jason Kosec President, CEO & Director 03 Operating Results Garett Macdonald Vice President, Operations & General Manager
Slide 4: Hemlo Mining: Corporate Overview
Hemlo Mining: Corporate Overview WHO WE ARE Canadian gold producer focused on operating and enhancing the Hemlo Gold Camp in northwestern Ontario. Our flagship asset, the Hemlo Gold Mine, has produced ~25 million ounces of gold since 1985 from both underground and open pit operations. OUR VISION To
Slide 5: Q1 2026: A Transformational Quarter
Q1 2026: A Transformational Quarter First full quarter as owners of the Hemlo Gold Mine – laying a strong foundation for the year ahead Attrib. Gold Produced(1) Revenue Safety Performance 29,699 $186.3 0.0 ounces US$ million Lost Time Injury (“LTI”) Attrib. Gold Sold(1) Net Income Contractor Transit
Slide 6: Q1 2026: Operating Results
Q1 2026: Operating Results Production in line with internal expectations Q1; successful completion of owner-operator workforce transition Hemlo Mine Operating Highlights(1) Operating Commentary Williams (100%) Unit • Safety: 33 consecutive months LTI-free; awarded the 2025 Ore processed 000t 230 Nat
Slide 7: Optimization & Growth Strategy Underway
Q1 2026: Optimization & Growth Strategy Underway 1 2 Reserve & Resource Optimization Mine Optimization Definition drilling to increase nearby mineralization shoots Improve mine sequencing – mine complete sectors Increased mine recovery Increase production rate to reach hoisting capacity Hi
Slide 8: Growth Drilling Initiated
Q1 2026: Growth Drilling Initiated 130,000 metre program initiated targeting growth, resource conversion, and high-definition drilling Growth: 30,000m Hemlo Mine Longitudinal Section(2),(3) 2026 growth drilling, target areas, selected historical intercepts, and B-Zone Footwall grade × thickness isop
Slide 9: Q1 2026: Financial Results
Q1 2026: Financial Results Q1 2026 demonstrated strong operating margins supported by strong gold price and balance sheet de-leveraging Revenue Net Income Earnings Per Share Cash Net Debt(1) $186.3 $22.1 $0.07 $123.6 $26.4 US$ million US$ million US$ per share US$ million US$ million Financial Comme
Slide 10: Key Objectives & Corporate Timeline
Key Objectives & Corporate Timeline 2026 H1 2026 H2 2027 TSX Uplisting Potential US Listing Corporate Corporate Guidance Potential Index Inclusion Optimization Updated Mineral Resource Statement R&R Sector Evaluation, Definition Drilling and Geotechnical Updated Technical Report with Potential for I
Slide 11: Investment Highlights – Why Hemlo?
Investment Highlights – Why Hemlo? New chapter for one of the most significant operations in Canadian gold mining history; Historic Asset Hemlo is a long-life asset with meaningful production scale and competitive costs Fit-for-Purpose Execution-based strategy to optimize reserves, resources, mine a
Slide 12: Q&A
Q&A TSXV: HMMC | OTCQX: HMMCF 12
Slide 13: Contact
Contact General Inquiries info@hemlomining.com Head Office 390 Bay Street, Suite 1720, Toronto, ON M5H 2Y2 Site Office ON-17, Marathon, ON P0T 2E0