Artemis Gold Maintains 2026 Guidance Despite Blackwater Mill Shutdown

The latest update is out from Artemis Gold ( (TSE:ARTG) ).

Artemis Gold has reported an unplanned production outage at its Blackwater Mine following the failure of a ball mill gearbox on March 11, 2026, though a suitable replacement is on hand and repairs are expected to take 8 to 10 days. While mining activities continue and the company is advancing scheduled maintenance during the shutdown, first-quarter 2026 production is now expected to be lower than planned, but Artemis is maintaining its full-year gold production guidance of 265,000 to 290,000 ounces as it assesses options to offset the shortfall.

The most recent analyst rating on (TSE:ARTG) stock is a Hold with a C$49.00 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.

The score is driven primarily by sharply improved 2025 financial performance (strong revenue/profitability and positive cash generation), tempered by leverage and historically volatile free cash flow. Technicals add caution due to negative MACD and price below the 20-day average, while valuation is middling given a ~25.9 P/E and no dividend yield provided.

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

More about Artemis Gold

Artemis Gold Inc. is a well-financed, growth-oriented gold and silver producer and development company focused on identifying, acquiring, and developing gold properties in mining-friendly jurisdictions. Its primary asset is the Blackwater Mine in central British Columbia, where commercial production was declared in May 2025, and its shares trade on the TSX-V under ARTG and OTCQX under ARGTF.

Average Trading Volume: 494,717

Technical Sentiment Signal: Buy

Current Market Cap: C$9.42B

For a thorough assessment of ARTG stock, go to TipRanks’ Stock Analysis page.