Hemlo Mining Loading... : Investor Sentiment and Bull/Bear Views
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21:00
Jan 20
Jan 20
Hemlo offers mill expansion and reserve upside
Hemlo is a historic high-grade gold mine that has operated for 40 years and produced over 20 million ounces. He helped assemble a group to buy it from Barrick for $900 million; as lead director, he sees the existing infrastructure as a major advantage. The Williams mill is currently running about 3,800 tons per day but was built for 8,000+ tons per day, so mill expansion is a clear milestone. Barrick's reserves used $1,700 gold, and higher gold prices should support resource/reserve expansion; extensive underground drilling and a strong young team position Hemlo as the foundation for a new mid-tier gold company.
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About Hemlo Mining Investor Commentary
Across the available history and selected sources, Buzzberg tracks Hemlo Mining across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Robert Quartermain.