Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Regulatory

OTC Markets Group Welcomes Hemlo Mining Corp. to OTCQX

Hemlo Mining Secures OTCQX Listing as Debt Deleveraging Validates Post-Acquisition Stability

By The Northwire Desk — AI Analysis Apr 23, 2026 · 07:00 HMMC · 6.35 Hemlo Mining Corp.
Executive Summary
  • Hemlo Mining Corp. has upgraded its U.S. trading status from Pink Limited Market to OTCQX Best Market effective April 23, 2026.
  • Trading symbol for OTCQX is HMMCF; existing TSX-V symbol remains HMMC.
  • Company received conditional approval to graduate from TSX Venture Exchange (TSXV) to Toronto Stock Exchange (TSX) on April 20, 2026.
  • Final approval deadline for TSX graduation is July 14, 2026.
  • CEO Jason Kosec states the move reflects confidence in the asset and ambition to reach institutional investors globally.
  • The upgrade provides real-time Level 2 quotes and standardized financial disclosures for U.S. investors.
Material Impact
  • The OTCQX listing is a procedural milestone following the acquisition of the Hemlo Gold Mine from Barrick Mining Corporation (closed Nov 26, 2025).
  • While positive for liquidity and investor access, this news was largely anticipated given the conditional TSX approval announced three days prior.
  • The upgrade does not fundamentally alter the asset base or production profile but reduces regulatory risk associated with Pink Market status.
  • Financial discipline is demonstrated by the repayment of $75 million Revolving Credit Facility (RCF) in March 2026, leaving only a $150 million term loan outstanding.
  • The market has already priced in significant value following the acquisition and exploration success; this news serves as validation rather than a new catalyst for immediate price appreciation.
HMMC · Price
Company Overview
  • Flagship Asset: Hemlo Gold Mine, located ~35 km east of Marathon, Ontario.
  • Acquisition Status: Purchased from Barrick Mining Corporation for approximately US$1.1 billion in November 2025.
  • Production History: Produced ~25 million ounces of gold since 1985; recent post-acquisition production (Nov-Dec 2025) showed 16,503 attributable ounces at 4.71 g/t grade.
  • Mine Type: Primarily underground operations with planned open-pit re-establishment (Williams pit push-back) starting ~2028.
  • Infrastructure: Under-utilized mill capacity can be ramped to 4,800 tpd without major upgrades; potential to reach historic 10,000 tpd.
  • Exploration Strategy: 130,000-metre drilling program initiated in January 2026 targeting resource conversion and growth zones (C-Zone, E-Zone, B-Zone Footwall).
Read the original news release →

More from Hemlo Mining Corp.

Oct 21, 2026 · 06:30

Hemlo reported flat third-quarter output with a delayed ramp-up and no cost guidance provided for 2026.

Other Sep 22, 2026 · 06:30

Hemlo Mining refines its porphyry model to unlock district-scale potential across its 45,000-hectare land package.

Drill Results Sep 14, 2026 · 16:05

A substation outage interrupted Alimak ramp-up at Hemlo, while the rest of the operation continued milling.

Production / Operations Sep 10, 2026 · 06:30

Hemlo reported high-grade near-mine intercepts including one-metre intervals with significant gold grades, highlighting the potential of its Hemlo deposit.

Drill Results Aug 11, 2026 · 18:18

Hemlo’s Q2 AISC surges 42% quarter-over-quarter to $2,561 per ounce, with transition costs eroding cash flow despite high gold prices.

Earnings Jul 20, 2026 · 16:05

Hemlo expands its resource base despite a Q2 grade decline and missing cost data that obscure near-term margin risks.

Production / Operations