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Hemlo Mining Swings to a Q2 Adjusted Profit

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Hemlo Mining (HMMC.TO) reported Q2 adjusted net income of $0.09 per share, swinging from an adjusted net loss of $0.02 per share a year ago.

Analysts polled by FactSet expected earnings of $0.07 per share.

Revenue for the quarter ended June 30 was $142.5 million from nil a year earlier.

Analysts expected $128.0 million.

Hemlo reported gold production of 27,858 ounces in Q2.

The company's shares closed up C$0.09, or 1.3%, to C$6.85 Tuesday on the Toronto Stock Exchange.

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Hemlo Mining Swings to a Q2 Adjusted Profit | FINWIRES