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The latest update is out from Artemis Gold ( (TSE:ARTG) ).
Artemis Gold Inc. has announced a significant upgrade to its Blackwater Mine processing plant, increasing capacity by 33% from 6 million to 8 million tonnes per year by Q4 2026, at a capital cost of $100-$110 million. This Phase 1A expansion is designed to be capital efficient, enhancing production and cash flow to support a larger Phase 2 expansion. The company has already begun construction and placed orders for critical equipment, aiming to de-risk the expansion schedule. The updates are expected to enhance future cash flows and enable a potential production increase to over 500,000 gold equivalent ounces per year.
The most recent analyst rating on (TSE:ARTG) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on Artemis Gold stock, see the TSE:ARTG Stock Forecast page.
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 mix of strong operational progress with the Blackwater Mine and substantial financial risks. The technical indicators show robust momentum, but the financials are currently weak with high leverage and negative cash flow. The valuation is speculative, focusing on future growth rather than current earnings. Investors should weigh the potential for future performance against the financial uncertainties.
To see Spark’s full report on TSE:ARTG stock, click here.
More about Artemis Gold
Artemis Gold Inc. operates in the mining industry, focusing on the development and production of gold. The company is known for its Blackwater Mine, a large-scale asset in a tier-one mining jurisdiction, which aims to deliver low-cost production and strong cash flows.
YTD Price Performance: 130.35%
Average Trading Volume: 244,163
Technical Sentiment Signal: Buy
Current Market Cap: C$7.48B
For detailed information about ARTG stock, go to TipRanks’ Stock Analysis page.