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Hemlo Mining Pours First Gold at North Shore Mine After $1.1B Acquisition

Toronto-based Hemlo Mining has poured its first gold bars at the legendary Hemlo mine in northwestern Ontario, marking a major milestone after completing its US$1.1 billion acquisition from Barrick Mining. The company is positioning itself for long-term value creation amid record gold prices.

First gold pour: 6,704 ounces poured on Nov 26, the same day the Barrick acquisition officially closed

Largest single gold pour of the year at the underground operation, 35 km east of Marathon

Production outlook: ~150,000 ounces per year expected under Hemlo Mining

Mine life: ~14 years of identified gold reserves on a 45,000-hectare property

Track record: Over 25 million ounces produced from the Hemlo camp since 1985

With a seamless operational transition, strong safety focus, and plans for aggressive exploration, Hemlo Mining is leveraging record gold prices to unlock long-term upside from one of Canada’s most storied gold assets — a classic example of value creation through disciplined mine stewardship.

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