Hemlo Mining Q2 2026 net income rises to USD 31 million as contingent consideration revaluation gains offset lower gold sales and prices

Reuters2026/08/11 22:35

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Hemlo Mining posted Q2 2026 net income of USD 31 million on revenue of USD 142.5 million from 32,425 ounces sold.
Gold output fell to 25,188 attributable ounces as a planned underground crusher rebuild reduced throughput to higher-grade stopes.
Mine sequencing changes increased lower-grade development ore, cutting mill feed grades and lifting unit costs despite higher mined and milled tonnes.
Site attributable cash costs rose to USD 1,880 per ounce sold; AISC increased to USD 2,561, reflecting fewer ounces sold and ramp-up spending.
Cash totaled USD 130.2 million; operating cash flow was USD 35.6 million; the revolving credit facility balance was repaid, reducing net debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hemlo Mining Corp. published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hemlo Mining Q2 2026 net income rises to USD 31 million as contingent consideration revaluation gains offset lower gold sales and prices

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