We sat down with Hemlo Mining Corp. (TSX: HMMC, OTCQX: HMMCF) Executive Chairman Jonathan Awde at the 2026 Rule Symposium for Natural Resources in Boca Raton to discuss why gold’s recent pullback hasn’t changed his company’s investment thesis.
Awde walks through how Hemlo Mining assembled the deal to buy the historic Hemlo gold mine in northwestern Ontario, an asset the company saw as underutilized and starved of capital investment for years. He lays out the case for spending aggressively over the next year and a half to unlock the mine’s full potential.
The conversation covers Hemlo Mining’s 130,000-metre drill program, plans to boost mill throughput, and a life-of-mine study slated for 2027. Awde argues the operation can support significantly higher output over a much longer timeline than the market currently prices in.
The Hemlo camp, which includes the historic David Bell, Golden Giant, and Williams Lake mines, has produced roughly 25 million ounces of gold since 1985. Hemlo Mining acquired the asset from Barrick Mining Corp. in a deal that closed in December 2025, with Wheaton Precious Metals providing US$400 million for a 20% stream.
