Hemlo Mining Corp. Announces Strong 2025 Gold Production of 143,458 Ounces (Including 20,192 Ounces in December) and Provides Operational Update

Core Viewpoint - Hemlo Mining Corp. reported strong gold production in 2025, totaling 143,458 ounces, and outlined an operational strategy for 2026 aimed at optimizing the Hemlo Gold Mine's infrastructure and increasing production capacity over the next two years [1][2]. Production Highlights - The 2025 gold production included 20,192 ounces in December, with an average grade of 4.71 grams per tonne [1]. - This production level represents the highest output from the Hemlo camp in the past four years and met previously stated production guidance [1]. Operational Strategy - The company is implementing a structured Action Plan to enhance existing infrastructure and drive production ramp-up through 2026-2028, focusing on mine recovery initiatives, optimized sequencing, and ventilation upgrades [1][2]. - The transition to an owner-operator model is expected to improve operational control and reduce costs, with approximately 70% of contractor staff sourced from local communities [1][2]. Investment and Equipment - An investment of over US$30 million is planned for 21 new pieces of mobile equipment to be delivered throughout 2026, aimed at increasing mine productivity and reducing bottlenecks [2]. - The company anticipates further equipment additions in 2027 as part of a program to modernize the mine fleet [2]. Health, Safety, and Environmental Focus - The company plans to conduct an independent assessment of its Health, Safety, and Environmental management systems, emphasizing risk management and workplace culture [1][2]. - Continued implementation of the Mining Association of Canada's Towards Sustainable Mining standard is part of the broader focus for 2026 [1]. Future Outlook - The company aims to increase the underground mining rate to maximize hoisting capacity, which currently operates at approximately 60% [1]. - An updated mineral resource and reserves estimate is planned for the second half of 2027, aligning with the company's growth strategy [2].