Hemlo Mining buys back royalty stake in Ontario gold mine – Resource World Magazine

Hemlo Mining buys back royalty stake in Ontario gold mine – Resource World Magazine

Hemlo Mining Corp. [HMMC-TSXV], a new Canadian gold producer, has purchased a 1.5% net smelter return royalty at its Hemlo Gold Mine Complex near Marathon, Ontario. The acquisition and termination of the royalty consolidates the company’s interest over the Hemlo land package, improving economic leverage to potential exploration success and future production growth. The company views the consolidation of royalty interests within its land package a