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Hemlo Mining Maintained at Buy at Stifel Canada Following Q4 Results; Price Target Kept at C$12.00

-- Stifel Canada on Friday reiterated its buy rating on the shares of Hemlo Mining (HMMC.V) and its C$12.00 price target after the company reported fourth-quarter results.

"Previously released (February 2026) Q4/25 Hemlo full-quarter gold production of 46.1Koz and FY25 total gold production of 143.5Koz met Barrick's FY25 guidance range of 140-160Koz, driven by strong Q4/25 throughput of 364Kt (+27% QoQ) and higher gold grade of 4.17g/t (+28% QoQ, blended grade of Williams and Interlake) and consistent gold recoveries of 94.5%. At YE25, HMMC held total liquidity of $154Mln, including cash of $132Mln and $22Mln available under its Revolving Credit Facility (RCF), and net debt of $93Mln. A subsequent $75Mln repayment was made in Mar-2026 to its $100Mln RCF. FY26 operation and cost guidance is expected in H2/26.," analyst Ralph Profiti wrote.

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Price: $6.70, Change: $+0.31, Percent Change: +4.85%

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