Hemlo Mining Corp. Celebrates TSX Venture Exchange Listing

Hemlo Mining Corp. has officially opened the market on the TSX Venture Exchange, marking a significant milestone for the company following its recent rebranding from Carcetti Capital Corp. On December 2, 2025, Jason Kosec, the President and CEO of Hemlo, joined Tim Babcock, President of the TSX Venture Exchange, to celebrate this important occasion.

The company has recently finalized the acquisition of the Hemlo Gold Mine in Ontario from Barrick Mining Corp. for a total consideration of approximately US$1.1 billion. This mine, situated about 35 kilometers east of Marathon, Ontario, has a notable production history, having yielded around 25 million ounces of gold since operations commenced in 1985.

Strategic Vision and Leadership

Hemlo Mining Corp. aims to position itself as a prominent mid-tier gold producer in Canada. The company intends to focus on maximizing the value of its existing infrastructure while also pursuing growth opportunities through aggressive brownfields exploration. This strategic approach highlights Hemlo’s commitment to enhancing operational efficiency and expanding its resource base.

The leadership team at Hemlo consists of experienced professionals in the mining sector, including Jonathan Awde, Robert Quartermain, Audra Walsh, Glenn Kumoi, Jon Case, Eric Tremblay, and Raphael Dutaut. Their combined expertise is expected to drive the company’s growth and return significant value to stakeholders.

Kosec expressed optimism about the future of Hemlo Mining Corp., stating that the company is well-positioned to leverage its resources and expertise to become a leader in the North American gold market. The acquisition of the Hemlo Gold Mine is seen as a pivotal step in this journey, providing a robust foundation for future development.

For further information, stakeholders and investors can reach out to Amanda Singh, Executive Operations & Investor Relations Co-Ordinator, at [email protected] or call (647) 280-3337.

As Hemlo Mining Corp. embarks on this new chapter, it remains focused on its mission to become a leading player in the gold mining industry while ensuring sustainable practices and community engagement.