Hemlo Mining (HMMC) Corporate presentation summary

Corporate overview and vision

• Focused on operating and enhancing the Hemlo Gold Camp in northwestern Ontario, with a flagship mine that has produced ~25 million ounces of gold since 1985 from both underground and open pit operations.

• Vision is to become a next-generation, multi-asset Canadian gold mining leader through disciplined execution, agility, owner alignment, and long-term value creation.

• Core values include resilience, performance, agility, discipline, owner mentality, value creation, and zero harm.

Asset history and operational highlights

• Hemlo Gold Mine has a 40+ year history, producing ~25 Moz of gold, with peak years averaging 1 Moz/year from 1985-2003.

• Barrick divested the mine to Hemlo Mining Corp. for ~$1.1B in 2025, marking a new chapter as a growth-focused Canadian gold producer.

• Current underground mining rate is ~3,800 tpd, with potential to re-establish open pit operations and increase production.

• Processing plant operates at ~6,000 tpd, with permitted capacity up to 10,000 tpd.

Financial and corporate snapshot

• Market capitalization is approximately C$1.6 billion, with a post-transaction price range of C$3.00–C$8.05.

• Cash balance of ~$125M and $100M available on a revolving credit facility; long-term debt stands at $150M.

• Institutional and high-net-worth investors hold 83.1% of shares, with Orion and Wheaton as significant shareholders.