Hemlo Mining Posts 2025 Loss as Hemlo Mine Acquisition Sets Stage for Growth

Hemlo Mining ( (TSE:HMMC) ) just unveiled an announcement.

Hemlo Mining reported its fourth-quarter and full-year 2025 results, highlighted by the US$1.0 billion acquisition of the Hemlo Gold Mine from Barrick on November 26, 2025, and strong initial output of 16,503 ounces of attributable gold at high grades and recoveries through year-end. Despite a net loss of US$36.9 million driven largely by transaction costs and the timing of gold sales into early 2026, the company ended the year with US$132 million in cash and subsequently repaid US$75 million on its revolving credit facility, leaving it fully undrawn.

Operationally, the Hemlo Mine delivered 120,841 ounces of attributable gold for 2025, in line with Barrick’s prior guidance, while Hemlo Mining began a phased production ramp-up through a shift to an owner-operator model, new mobile equipment, and revised mine sequencing. The company is underpinning its growth strategy with a 130,000-metre 2026 exploration drilling program, mine planning optimization work toward an updated reserve and life-of-mine plan in 2027, and the repurchase of a 1.5% NSR royalty on the David Bell property to enhance its economic leverage to future production and exploration success.

The most recent analyst rating on (TSE:HMMC) stock is a Buy with a C$12.00 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 Toronto-based gold producer focused on the Hemlo Gold Mine in Canada, acquired from Barrick Mining Corporation in late 2025. The company’s core business is underground gold mining and related exploration, with an emphasis on optimizing production, extending mine life, and consolidating its land position in the Hemlo district.

Average Trading Volume: 421,391

Technical Sentiment Signal: Buy

Current Market Cap: C$1.85B

For an in-depth examination of HMMC stock, go to TipRanks’ Overview page.