Ontario Mining Co. Reports Q3 Results as Underground Ramp-Up Continues - Streetwise Reports

AI desk brief

Hemlo Mining reported Q3 2026 attributable gold production of 25,652 ounces, AISC of US$2,660/oz and operating cash flow of US$54.6 million, despite an underground substation outage delaying its ramp-up. BMO cut its 2027 production forecast to approximately 141,000 ounces from 151,000; improved mining rates would depend partly on replacement power equipment expected in December 2026. The update primarily affects Hemlo’s operating outlook and does not establish a material bullion-price effect. Separately, the cited World Gold Council data showed Q3 global demand down 1% year-over-year to 1,369 tonnes. Streetwise disclosed that affiliated personnel or shareholders own Hemlo securities.