Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Regulatory Routine +

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 →

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