$HMMC.TO

Hemlo Mining Corp. Announcing Start of Trading on TSX Today

Hemlo Mining Announces Graduation to the Toronto Stock Exchange

Hemlo Mining (HMMC.V) has received final approval to list its common shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange, the company said on Wednesday.The common shares will begin trading on the TSX at market open on June 15, 2026 and will continue to trade under the current stock symbol, "HMMC", it added.Shares will be voluntarily delisted from the TSXV, effective as of the close of market on June 12, 2026, stated the company."Graduating to the Toronto Stock Exchange marks a significant milestone for Hemlo Mining and reflects the disciplined execution of our capital markets strategy," said Jason Kosec, President, Chief Executive Officer and Director of Hemlo Mining. "The TSX is home to many of the world's leading gold producers, and we expect this listing to broaden our shareholder base, enhance trading liquidity, and provide eligibility for potential index inclusion. This is an important step as we continue to advance the Company's standing in the global gold equity market."

Hemlo Mining Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept at C$12.00

Stifel Canada on Wednesday maintained its buy rating on the shares of Hemlo Mining (HMMC.TO) and its C$12.00 price target following the company's first-quarter results."HMMC delivered a solid start to its first full quarter of ownership of the Hemlo Gold mine, including in-line total gold production (100% basis) of 34.8Koz (322Kt ore processed at 3.41g/t) and attributable gold production of 29.7Koz (+3.4% vs. our 28.7Koz). Mining successfully transitioned to owner-operator on March 16, 2026, two weeks ahead of schedule, with 97% contractor workforce uptake, and HMMC fully repaid its $100Mln Revolving Credit Facility (RCF) reducing net debt to $26.2Mln (from $93.0Mln at YE25). At Q1/26, HMMC held cash of $123.7Mln, higher vs. our $85.6Mln estimate - with full financial results scheduled for May 20, 2026. HMMC currently trades at 0.46x on P/NAV and 3.7/3.2x on FY27/28E EV/EBITDA vs. average mid-tier (0.1-0.5Moz) and intermediate (0.5-2.0Moz) gold producers under Stifel coverage at 0.67x and 4.5/3.8x, respectively. We continue to see Hemlo on a clear path to unlock value through underground reserve and resource growth and mine/mill optimization," analyst Ralph Profiti wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)