TSX Shariah screener · October 2026
Is Hemlo Mining Corp. (HMMC) Halal?
Hemlo Mining Corp. · TSX: HMMC · Materials
The short answer
Yes — Hemlo Mining (HMMC) passes this Shariah stock screen. It is a gold producer (the Hemlo Gold Mine near Marathon, Ontario) with no haram segments; its US$150M term facility is about 10.7% of its market cap (vs a ~33% ceiling); and Q2 2026 interest income of US$1,174 thousand was about 0.82% of revenue (vs a ~5% ceiling). No Zoya, Musaffa, or ShariaPortfolio rating was found for this ticker — honestly reported as absent, not invented.
Gate 1 — Business activity: PASS
Hemlo Mining Corp. (TSX:HMMC) is a gold producer that owns the Hemlo Gold Mine near Marathon, Ontario. Formerly Carcetti Capital Corp. (renamed November 2025), it graduated from TSX-Venture to TSX effective June 15, 2026. No alcohol, pork, gambling, conventional interest-based lending, tobacco, cannabis, weapons, or adult-entertainment lines were disclosed. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
At June 30, 2026 the company had US$150M outstanding under its term facility (the US$75M revolving credit facility was repaid in full in March 2026; net debt was US$19.848M). Against a market capitalization of roughly US$1.4B (~C$1.82–2.07B), debt ÷ market cap is about 10.7%, well under the ~33% ceiling. Cash of US$130.152M is about 9% of market cap. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: PASS
For Q2 2026 the interim financial statements disclose a separate interest-income line of US$1,174 thousand (Note 15, 'Finance costs, net'; H1 2026: US$2,644 thousand) against revenue of US$142.5M — about 0.82%, under the ~5% ceiling. Gate 3 passes. Facts only.
Key figures used
- Term facility: US$150M outstanding at Jun 30, 2026; US$75M revolving credit facility repaid in full Mar 2026; net debt US$19.848M
- Market cap: ~US$1.4B (~C$1.82–2.07B); debt ÷ market cap ≈ 10.7%
- Cash: US$130.152M ≈ 9% of market cap
- Q2 2026: revenue US$142.5M; interest income US$1,174K (Note 15) → ~0.82% (H1: US$2,644K)
- Formerly Carcetti Capital Corp. (renamed Nov 2025); graduated TSXV → TSX effective Jun 15, 2026
- Asset: Hemlo Gold Mine near Marathon, Ontario — no haram segments
Frequently asked questions
Is Hemlo Mining (HMMC) halal?
Yes — Hemlo Mining passes this Shariah stock screen. It is a gold producer (the Hemlo Gold Mine near Marathon, Ontario) with no haram segments; its US$150M term facility is about 10.7% of its market cap (vs a ~33% ceiling); and Q2 2026 interest income of US$1,174 thousand was about 0.82% of revenue (vs a ~5% ceiling). This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.
What is Hemlo Mining's debt-to-market-cap ratio?
About 10.7%. At June 30, 2026 the company had US$150M outstanding under its term facility (the US$75M revolving credit facility was repaid in full in March 2026; net debt was US$19.848M), against a market cap of roughly US$1.4B (~C$1.82–2.07B) — well under the ~33% ceiling.
What does Hemlo Mining do?
Hemlo Mining Corp. (TSX:HMMC) is a gold producer that owns the Hemlo Gold Mine near Marathon, Ontario. Formerly Carcetti Capital Corp. (renamed November 2025), it graduated from TSX-Venture to TSX effective June 15, 2026.
How much interest income does Hemlo Mining earn relative to revenue?
For Q2 2026 the interim financial statements disclose a separate interest-income line of US$1,174 thousand (Note 15, 'Finance costs, net'; H1 2026: US$2,644 thousand) against revenue of US$142.5M — about 0.82%, under the ~5% ceiling.
Where can I find more materials stock screeners?
See halal-stock-verdicts.html for the full list of stock screeners, including the other materials-sector entries.
Sources
- Hemlo Mining — Q2 2026 MD&A (US$150M term facility; US$130.152M cash; US$142.5M revenue; filed Aug 11, 2026)
- Hemlo Mining — Q2 2026 interim financial statements (Note 15: US$1,174K Q2 interest income; filed Aug 11, 2026)
Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.