Hemlo Mining (HMMC) Stock Overview

Engages in the production and operation of gold mining assets in Canada. More details

HMMC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 37.2% below our estimate of its fair value

Earnings are forecast to grow 23.84% per year

Became profitable this year

Risk Analysis

Shareholders have been substantially diluted in the past year

Large one-off items impacting financial results

HMMC Community Fair Values

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Hemlo Mining Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hemlo Mining
Historical stock prices
Current Share Price	CA$8.23
52 Week High	CA$8.46
52 Week Low	CA$1.20
Beta	0.78
1 Month Change	21.75%
3 Month Change	41.41%
1 Year Change	569.11%
3 Year Change	4,472.22%
5 Year Change	-47.75%
Change since IPO	-95.70%

Recent updates

Shareholder Returns

	HMMC	CA Metals and Mining	CA Market
7D	4.2%	4.1%	1.0%
1Y	569.1%	55.3%	24.6%

Return vs Industry: HMMC exceeded the Canadian Metals and Mining industry which returned 55.3% over the past year.

Return vs Market: HMMC exceeded the Canadian Market which returned 24.6% over the past year.

Price Volatility

Is HMMC's price volatile compared to industry and market?
HMMC volatility
HMMC Average Weekly Movement	10.9%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	9.4%
10% most volatile stocks in CA Market	16.4%
10% least volatile stocks in CA Market	3.7%

Stable Share Price: HMMC has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: HMMC's weekly volatility has decreased from 37% to 11% over the past year.

About the Company

Founded	Employees	CEO	Website
2025	294	Jason Kosec	hemlomining.com

Hemlo Mining Corp. engages in the production and operation of gold mining assets in Canada. Its flagship asset is the 100% owned Hemlo gold mine covering approximately 45,000 hectares located at Marathon in northwestern Ontario, Canada. The company was formerly known as Carcetti Capital Corp. and changed its name to Hemlo Mining Corp. in November 2025.

Hemlo Mining Corp. Fundamentals Summary

How do Hemlo Mining's earnings and revenue compare to its market cap?
HMMC fundamental statistics
Market cap	CA$2.37b
Earnings (TTM)	CA$22.48m
Revenue (TTM)	CA$453.91m

108.5x

P/E Ratio

5.4x

P/S Ratio

Is HMMC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HMMC income statement (TTM)
Revenue	US$328.76m
Cost of Revenue	US$209.97m
Gross Profit	US$118.79m
Other Expenses	US$102.51m
Earnings	US$16.28m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	0.055
Gross Margin	36.13%
Net Profit Margin	4.95%
Debt/Equity Ratio	24.2%

How did HMMC perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/09 21:49
End of Day Share Price	2026/09/09 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hemlo Mining Corp. is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Garett Ursu	ATB Cormark Historical (Cormark Securities)
Kevin O'Halloran	BMO Capital Markets Equity Research
Simon Wildsmith	Canaccord Genuity

Hemlo Mining (HMMC) Stock Overview

Rewards

Risk Analysis

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Hemlo Mining Corp. Competitors

Rio2

Artemis Gold

Integra Resources

Heliostar Metals

Price History & Performance

Recent News & Updates

Consensus EPS estimates increase by 50%

New major risk - Revenue and earnings growth

Hemlo Mining Expands Mineral Resources and Joins TSX After Biigtigong Nishnaabeg Agreement

Hemlo Mining Corp. to Report Q2, 2026 Results on Aug 11, 2026

Hemlo Mining Reports Larger Hemlo Gold Mine Resource Backed by 130,000 Metre Drilling Program

Recent updates

Consensus EPS estimates increase by 50%

New major risk - Revenue and earnings growth

Hemlo Mining Expands Mineral Resources and Joins TSX After Biigtigong Nishnaabeg Agreement

Hemlo Mining Corp. to Report Q2, 2026 Results on Aug 11, 2026

Hemlo Mining Reports Larger Hemlo Gold Mine Resource Backed by 130,000 Metre Drilling Program

Hemlo Mining Corp. Announces Appointment of Eva Koci as Independent Director and Revision of Committee Memberships, Effective June 22, 2026

Executive Chairman recently bought CA$200k worth of stock

Hemlo Mining to Debut on Toronto Stock Exchange June 15 Expanding Market Presence

Executive Chairman recently bought CA$357k worth of stock

Hemlo Mining Finalizes Partnership Agreement With Biigtigong Nishnaabeg for Hemlo Mine

Executive Chairman recently bought CA$302k worth of stock

Hemlo Mining Corp. Intersects 16.1 G/T Au Over 8.1 Metres In Newly Interpreted South-Rim Zone Adjacent To Active Mining In C-Zone

Carcetti Capital Corp. announced that it expects to receive CAD 1.25 million in funding

Carcetti Capital Corp. Announces Management Changes

Carcetti Capital Corp. announced that it has received CAD 755.98766 million in funding from Wheaton Precious Metals Corp.

Carcetti Capital Corp., Annual General Meeting, Oct 30, 2025

Carcetti Capital Corp. (TSXV:CART.H) agreed to acquire Hemlo Gold Mine from Barrick Mining Corporation (TSX:ABX) for $1.1 billion.

High number of new and inexperienced directors

High number of new and inexperienced directors

Carcetti Capital Corp. announced that it expects to receive CAD 1.05 million in funding

New major risk - Shareholder dilution

High number of new and inexperienced directors

Carcetti Capital Corp. announced that it has received CAD 1.75 million in funding

Carcetti Capital Corp. Appoints Jonathan Awde as Non-Executive Chairman of the Board

High number of new and inexperienced directors

High number of new and inexperienced directors

Carcetti Capital Corp. announced that it expects to receive CAD 1.75 million in funding

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

New major risk - Financial position

Carcetti Capital Corp., Annual General Meeting, Sep 25, 2024

High number of new and inexperienced directors

High number of new and inexperienced directors

New major risk - Financial position

High number of new and inexperienced directors

High number of new and inexperienced directors

Independent Director recently bought CA$69k worth of stock

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

New major risk - Financial position

High number of new and inexperienced directors

High number of new and inexperienced directors

New major risk - Revenue and earnings growth

No independent directors

Carcetti Capital Corp., Annual General Meeting, Sep 29, 2023

No independent directors

New major risk - Shareholder dilution

Carcetti Capital Corp. Announces Executive Changes

No independent directors

Carcetti Capital Corp. announced that it has received CAD 4.9994 million in funding from GPO Holdings Corp, Universal Solutions Inc

No independent directors

Less than half of directors are independent

Less than half of directors are independent

Shareholder Returns

Price Volatility

About the Company

Hemlo Mining Corp. Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake