# Hemlo Mining Corp. Reports First Quarter 2026 Financial and Operating Results

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3

Original source: https://money.tmx.com/en/quote/HMMC/news/7359056424507823/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results

Publisher: tmx

Original announcement: 2026-05-20T22:01:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Hemlo Mining Corp.

- Ticker: HMMC

- Exchange: TSX

- Region: northwestern Ontario

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Production, Drill results, Other, Resource update, Metallurgy

- Extracted: 2026-09-12 06:51:36 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Hemlo Mining Corp. reported robust Q1 2026 financial and operating results, marking its first full quarter as owner-operator of the Hemlo Gold Mine. The company achieved attributable gold production of 29,699 ounces, generating $186.3 million in revenue and a net income of $22.1 million. Key achievements include a successful transition to an owner-operated model, launching a 130,000-meter exploration drilling program, and repaying its Revolving Credit Facility.

Reasoning: Hemlo Mining Corp. reported strong financial and operating results for its first full quarter as owner-operator of the Hemlo Gold Mine, demonstrating solid production, positive cash flow, and successful operational transitions. The launch of a significant exploration program and high gold recovery further bolster the positive outlook, despite the drill results being re-stated from a prior announcement.

- Positive factor: Strong gold production and sales figures for the first full quarter as owner-operator.

- Positive factor: Positive net income and significant cash flow from operating activities.

- Positive factor: Successful transition to an owner-operated model, retaining 97% of the contractor workforce.

- Positive factor: High gold recovery rate of 95.6% from the processing plant, improved through optimization.

- Positive factor: Launch of a substantial 130,000-meter exploration drilling program targeting resource conversion and growth.

- Positive factor: Repayment of the Revolving Credit Facility and a strategic royalty buyback.

- Positive factor: Strong safety performance and receipt of the John T. Ryan Trophy.

- Negative factor: Drill results highlighted are re-stated from a previous news release, reducing their novelty in this document.

Facts used in scoring: 31

## Classification and evidence

**QP/CP Signed**

Polarity: positive

Story-specific tag

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The scientific and technical information has been reviewed and approved by Mike Tsafaras, P.Eng., a 'qualified person' as defined in NI 43-101.

Evidence · text

> The scientific and technical information contained in this news release, has been reviewed and approved by Mike Tsafaras, P.Eng., the Company's Vice President, Engineering and Projects. Mr. Tsafaras is a "qualified person" as defined in NI 43-101.

**High Recovery**

Polarity: positive

Story-specific tag

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: The processing plant achieved an average gold recovery of 95.6%, which is exceptional for gold processing.

Evidence · text

> Ore processed in first quarter 2026 was 322,000 tonnes, with an average grade of ore milled of 3.41 g/t at a recovery of 95.6%.

**Recovery Improving**

Polarity: positive

Story-specific tag

Definition: Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: Grind size and pH optimization improved average recoveries from 93.5% to 95.6%.

Evidence · text

> Grind size and pH optimization were also implemented during first quarter 2026 which improved average recoveries from 93.5% to 95.6%.

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The drill results highlighted in this news release refer to a previous news release dated May 14, 2026, indicating they are not new assays.

Evidence · text

> Refer to the Company's news release dated May 14, 2026 for detailed drill results, images, and commentary.

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The 130,000-meter exploration drilling program includes 'Resource Conversion Drilling' targeting the conversion of Inferred to Indicated mineral resources.

Evidence · text

> Resource Conversion Drilling \(70,000 metres\): Targeting the conversion of Inferred to Indicated mineral resources to support reserve growth ahead of the updated technical study planned for the second half of 2027.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The 130,000-meter exploration drilling program includes 'Growth Drilling' testing new mineralized zones outside the current mineral resource footprint.

Evidence · text

> Growth Drilling \(30,000 metres\): Testing new mineralized zones outside the current mineral resource footprint across four priority targets

**Category Upgrade**

Polarity: positive

Story-specific tag

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The Resource Conversion Drilling component of the exploration program aims to convert Inferred to Indicated mineral resources.

Evidence · text

> Resource Conversion Drilling \(70,000 metres\): Targeting the conversion of Inferred to Indicated mineral resources to support reserve growth

## Extracted facts

Stored fact records: 15. Some facts used in scoring do not have a stored record.

## Drill Results (6)

### 7652606

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-drill-facts-25)

Hemlo Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 7652606
- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: HMMC

#### Geometry

- Grade: 16.07
- Grade Unit: g/t
- Intercept: 8.1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 7652606:null-null
- Mining Method: underground

#### Location

- Location: South-Rim Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-14T00:00:00.000Z

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: This high-grade intercept from the South-Rim Zone is a strong result, confirming significant mineralization. While positive, its novelty is low as it was previously announced.

- Positive factor: High-grade intercept of 16.07 g/t Au over a significant width of 8.1 meters.

- Positive factor: Supports the definition of a newly recognized high-grade mineralized domain.

- Negative factor: Results are re-stated from a previous news release, reducing novelty for this document.

Evidence · text

> Hole 7652606 intersected 16.07 g/t Au over 8.1 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### 7652606

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-drill-facts-26)

Hemlo Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 7652606
- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: HMMC

#### Geometry

- Grade: 59.67
- Grade Unit: g/t
- Intercept: 2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 7652606:null-null
- Mining Method: underground

#### Location

- Location: South-Rim Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-14T00:00:00.000Z

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval within hole 7652606 is an outstanding result, indicating very high-grade mineralization. Its novelty is low as it was previously announced.

- Positive factor: Exceptional bonanza-grade intercept of 59.67 g/t Au over 2.0 meters.

- Positive factor: Significantly enhances the overall prospectivity of the South-Rim Zone.

- Negative factor: Results are re-stated from a previous news release, reducing novelty for this document.

Evidence · text

> including 59.67 g/t Au over 2.0 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### 7652603

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-drill-facts-27)

Hemlo Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 7652603
- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: HMMC

#### Geometry

- Grade: 5.79
- Grade Unit: g/t
- Intercept: 11 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 7652603:null-null
- Mining Method: underground

#### Location

- Location: South-Rim Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-14T00:00:00.000Z

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: This intercept from hole 7652603 shows good grade and width, confirming significant mineralization in the South-Rim Zone. Its novelty is low as it was previously announced.

- Positive factor: Strong grade of 5.79 g/t Au over a substantial width of 11.0 meters.

- Negative factor: Results are re-stated from a previous news release, reducing novelty for this document.

Evidence · text

> Hole 7652603 intersected 5.79 g/t Au over 11.0 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### 7652603

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-drill-facts-28)

Hemlo Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 7652603
- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: HMMC

#### Geometry

- Grade: 38.4
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 7652603:null-null
- Mining Method: underground

#### Location

- Location: South-Rim Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-14T00:00:00.000Z

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: This high-grade sub-interval within hole 7652603 further highlights the presence of rich mineralization in the South-Rim Zone. Its novelty is low as it was previously announced.

- Positive factor: Very high-grade intercept of 38.40 g/t Au, albeit over a narrower width.

- Negative factor: Results are re-stated from a previous news release, reducing novelty for this document.

Evidence · text

> including 38.40 g/t Au over 0.9 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### 7652604

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-drill-facts-29)

Hemlo Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 7652604
- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: HMMC

#### Geometry

- Grade: 6.04
- Grade Unit: g/t
- Intercept: 4.8 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 7652604:null-null
- Mining Method: underground

#### Location

- Location: South-Rim Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-14T00:00:00.000Z

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: This intercept from hole 7652604 demonstrates consistent high-grade mineralization in the South-Rim Zone. Its novelty is low as it was previously announced.

- Positive factor: Strong grade of 6.04 g/t Au over a good width of 4.8 meters.

- Negative factor: Results are re-stated from a previous news release, reducing novelty for this document.

Evidence · text

> Hole 7652604 intersected 6.04 g/t Au over 4.8 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### 7652604

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-drill-facts-30)

Hemlo Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 7652604
- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: HMMC

#### Geometry

- Grade: 36.2
- Grade Unit: g/t
- Intercept: 0.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 7652604:null-null
- Mining Method: underground

#### Location

- Location: South-Rim Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-14T00:00:00.000Z

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: This high-grade sub-interval within hole 7652604 further confirms the presence of very high-grade gold in the South-Rim Zone. Its novelty is low as it was previously announced.

- Positive factor: Very high-grade intercept of 36.20 g/t Au, indicating rich mineralization.

- Negative factor: Results are re-stated from a previous news release, reducing novelty for this document.

Evidence · text

> including 36.20 g/t Au over 0.6 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

## Resource Estimates (8)

### Williams

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-resource-facts-0)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:8e955da78a91ff070bf1
- Deposit or zone: Williams
- Mining method: combined

#### Resource Data

- Tonnes: 229000
- Grade Unit: 000t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: The reported ore mined from Williams is a key operational metric for the quarter, contributing significantly to overall production.

- Positive factor: Represents a significant portion of the total ore mined for the quarter.

Evidence · table

> 229

Context: 000t

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### Williams

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-resource-facts-1)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:f4e95c93ba4300af5e9f
- Deposit or zone: Williams
- Mining method: combined

#### Resource Data

- Tonnes: 45000
- Grade Unit: 000t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: Waste mined is a standard operational metric, providing context for the overall mining activity at Williams.

Evidence · table

> 45

Context: 000t

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### Williams

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-resource-facts-2)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:4f04d6b06bca40f67e60
- Deposit or zone: Williams
- Mining method: combined

#### Resource Data

- Tonnes: 274000
- Grade Unit: 000t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: The total material mined from Williams provides a comprehensive view of the mining activity for the quarter.

- Positive factor: Represents the total material moved from the Williams mine.

Evidence · table

> 274

Context: 000t

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### Williams

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-resource-facts-3)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:565392dd2d5c9857f64c
- Deposit or zone: Williams
- Mining method: combined

#### Resource Data

- Tonnes: 230000
- Grade Unit: 000t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: Ore processed from Williams is a direct measure of throughput and contributes to gold production.

- Positive factor: Indicates the volume of ore fed into the processing plant from Williams.

Evidence · table

> 230

Context: 000t

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### Interlake

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-resource-facts-6)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:847d5d9bd3943bdbba48
- Deposit or zone: Interlake
- Mining method: combined

#### Resource Data

- Tonnes: 91000
- Grade Unit: 000t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: Ore mined from Interlake is a component of the company's total mining operations.

- Positive factor: Interlake contributes to the overall ore mined for the quarter.

Evidence · table

> 91

Context: 000t

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### Interlake

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-resource-facts-7)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:6d0dafd19e9fd98c0211
- Deposit or zone: Interlake
- Mining method: combined

#### Resource Data

- Tonnes: 11000
- Grade Unit: 000t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: Waste mined from Interlake is a standard operational metric.

Evidence · table

> 11

Context: 000t

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### Interlake

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-resource-facts-8)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:aa56bdfec99dca383c1a
- Deposit or zone: Interlake
- Mining method: combined

#### Resource Data

- Tonnes: 102000
- Grade Unit: 000t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: Total mined from Interlake provides a complete picture of mining activity in that zone.

- Positive factor: Represents the total material moved from the Interlake zone.

Evidence · table

> 102

Context: 000t

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

### Interlake

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-resource-facts-9)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Resource scope

- Estimate type: resource
- Effective date: 2024-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:4fe91b43484fd7f5e82c
- Deposit or zone: Interlake
- Mining method: combined

#### Resource Data

- Tonnes: 92000
- Grade Unit: 000t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: Ore processed from Interlake contributes to the overall gold production.

- Positive factor: Indicates the volume of ore fed into the processing plant from Interlake.

Evidence · table

> 92

Context: 000t

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

## Metallurgical Results (1)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/hemlo-mining-corp-reports-first-quarter-2026-financial-and-operating-results--ec242cce-d132-40aa-b8ff-87b0bd071ad3#fact-metallurgical-facts-12)

Hemlo Gold Mine · gold

#### Identity

- Project: Hemlo Gold Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: northwestern Ontario
- Ticker: HMMC

#### Test Work

- Processing Route: mill

#### Recovery

- Recovery: 95.6 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-20T00:00:00.000Z

Reasoning: The high gold recovery rate of 95.6% is a strong positive, demonstrating efficient processing and contributing to overall profitability. This is an improvement from previous performance.

- Positive factor: Recovery of 95.6% is exceptional for gold processing, indicating efficient extraction.

- Positive factor: The recovery improved from 93.5% due to grind size and pH optimization.

Evidence · table

> 95.6 %

Context: %

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95.6% is at or above the exceptional band \(95%\)

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.