Canada · Delayed Price · Currency is CAD Hemlo Mining Earnings Call Transcripts
Fiscal Year 2026
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Hemlo is advancing a fully funded, multi-phase growth plan to expand gold production, supported by a major drilling program and operational improvements. Regional exploration is underway, with significant geological potential identified, and updated technical reports are expected in 2027.
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Q2 2026 marked the first full quarter under the owner-operator model, with 25,188 gold ounces produced, $142 million in revenue, and $31 million net income. Operational improvements, resource growth, and capital investments set the stage for higher throughput and future growth.
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Strong first quarter as owner/operator with $186M revenue, $22M net income, and robust safety performance. Transition to owner/operator model completed ahead of schedule, major drill program underway, and balance sheet significantly de-leveraged.