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An update from Hemlo Mining ( (TSE:HMMC) ) is now available.
Hemlo Mining Corp. has launched a 130,000-metre exploration drilling program for 2026 at its Hemlo Gold Mine in Ontario, aimed at extending mine life, de-risking its short-term mine plan, and unlocking near-mine growth opportunities. The program, which will underpin an updated technical report expected in 2027, allocates 70,000 metres to converting inferred resources to indicated, 30,000 metres to high-definition drilling to improve geological confidence and operational predictability, and 30,000 metres to testing new mineralized zones beyond the current resource footprint. Building on a recent pre-feasibility study that outlined robust economics and significant sensitivity to higher gold prices, Hemlo is targeting key zones such as the C-Zone, E-Zone, and mineralization near historic workings to upgrade resources and support future reserve growth, positioning the mine for potential mine life extension and long-term value creation for stakeholders in a strong gold price environment.
The most recent analyst rating on (TSE:HMMC) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Hemlo Mining stock, see the TSE:HMMC Stock Forecast page.
More about Hemlo Mining
Hemlo Mining Corp. is a Canadian mid-tier gold producer operating the Hemlo Gold Mine near Marathon, Ontario. The company focuses on open-pit and underground gold production, with a substantial base of proven and probable reserves and measured, indicated, and inferred resources that provide strong leverage to prevailing gold prices.
Average Trading Volume: 477,968
Technical Sentiment Signal: Buy
Current Market Cap: C$2.05B
For a thorough assessment of HMMC stock, go to TipRanks’ Stock Analysis page.