tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Artemis Gold Prices $450 Million Note Issue to Refinance Credit Facility

Story Highlights
  • Artemis Gold will issue $450 million in 5.625% senior unsecured notes due 2031 to refinance its revolving credit facility.
  • The heavily oversubscribed, investment-rated bond locks in long-term fixed-rate funding and bolsters Artemis Gold’s growth-focused capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Artemis Gold Prices $450 Million Note Issue to Refinance Credit Facility

Claim 50% Off TipRanks Premium

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

Artemis Gold has priced a $450 million offering of senior unsecured notes due 2031, carrying a 5.625% coupon and a two-year non-call period, with proceeds earmarked to refinance its existing $450 million revolving credit facility and cover transaction expenses. The issue, rated B+ by S&P and BB- by Fitch, was more than 3.5 times oversubscribed with an order book of about $1.6 billion, underscoring strong investor demand and confidence in the Blackwater asset; by locking in long-term fixed-rate debt and reducing exposure to variable interest rates, the company strengthens its capital structure and credit profile to support its ongoing growth plans.

The most recent analyst rating on (TSE:ARTG) stock is a Buy with a C$51.00 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 improving financial performance (strong TTM margins and operating cash flow) but tempered by negative free cash flow and increased leverage. Technicals are supportive but neutral in momentum, while valuation is a headwind due to a high P/E and no dividend yield. Positive corporate developments around Blackwater expansion and operations provide an additional lift, with execution/capex scale remaining the key risk.

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

More about Artemis Gold

Artemis Gold is a well-financed, growth-oriented gold and silver producer and developer focused on identifying, acquiring and advancing gold assets in mining-friendly jurisdictions. Its flagship operation is the Blackwater Mine in central British Columbia, which produced 192,808 ounces of gold in 2025, its first year of operation, and is expected to deliver 265,000–290,000 ounces in 2026 at low all-in sustaining costs, positioning it as one of the industry’s lowest-cost, highest-margin mines.

Average Trading Volume: 397,072

Technical Sentiment Signal: Buy

Current Market Cap: C$10.74B

For detailed information about ARTG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1