Artemis Gold Achieves Commercial Production at Blackwater Mine

Artemis Gold ( (TSE:ARTG) ) has shared an announcement.

Artemis Gold has announced the achievement of commercial production at its Blackwater Mine in British Columbia, processing an average of 17,700 tonnes per day through its crushing circuit and 16,700 tonnes per day through its milling circuit. The company expects to produce 160,000-200,000 ounces of gold in the eight months ending December 31, 2025, with all-in sustaining costs ranging from US$670 to US$770 per ounce. The company plans to invest in infrastructure and design work for a proposed Phase 2 expansion, which could increase annual production to over 500,000 equivalent gold ounces, establishing Blackwater as a Tier 1 asset.

Spark’s Take on TSE:ARTG Stock

According to Spark, TipRanks’ AI Analyst, TSE:ARTG is a Neutral.

Artemis Gold’s overall stock score reflects a balance between significant operational progress and financial challenges. The company is advancing well with its Blackwater Mine operations, showing technical momentum and potential for future growth. However, substantial financial risks due to high leverage, negative cash flow, and lack of revenue limit current valuation attractiveness. Investors may find the stock appealing based on its growth prospects, but should be cautious of the financial uncertainties.

To see Spark’s full report on TSE:ARTG stock, click here.

More about Artemis Gold

Artemis Gold is a growth-oriented gold development company focused on identifying, acquiring, and developing gold properties in mining-friendly jurisdictions. The company is well-financed and aims to create shareholder value, with its current focus on the Blackwater Mine in central British Columbia. Artemis Gold trades on the TSX-V under the symbol ARTG.

YTD Price Performance: 41.42%

Average Trading Volume: 28,722

Technical Sentiment Signal: Sell

Current Market Cap: $3.08B

For an in-depth examination of ARTG stock, go to TipRanks’ Stock Analysis page.