Artemis Gold

Artemis Gold

Gold mining company developing Blackwater project

Overview

Artemis Gold focuses on developing and running the Blackwater Gold Project in British Columbia, Canada. It is involved in the mining of gold—from exploration and development through to eventual production—aimed at generating revenue from its gold assets. The company operates using advanced technical methods to maximize asset potential and adheres to health, safety, environmental protection, and community wellbeing standards, while engaging with stakeholders. Its distinctive approach centers on disciplined asset management, sustainable value creation, and strong governance, including equity financing and proactive community engagement, to differentiate itself from peers. The overall goal is to deliver steady, responsible value for investors and stakeholders by efficiently bringing high-potential gold assets into production and managing them responsibly.

About Artemis Gold

Simplify's Rating
Why Artemis Gold is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Company Size

201-500

Company Stage

IPO

Headquarters

Vancouver, Canada

Founded

2019

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Simplify's Take

What believers are saying

  • Q2 2026 revenue hit C$433.6 million, with adjusted EBITDA of C$285.2 million.
  • Blackwater produced 74,063 ounces in Q2 2026, while recoveries reached 92.2%.
  • Artemis closed C$450 million notes in February 2026 and launched a quarterly dividend.

What critics are saying

  • March 11, 2026 ball-mill gearbox failure halted milling for seven days.
  • EP2 depends on $1.44 billion execution and on-time long-lead equipment delivery.
  • Gold-price dependence stays high despite 172,500 ounces of hedges expiring June 2027.

What makes Artemis Gold unique

  • Blackwater started production in January 2025 and reached commercial production by May 1, 2025.
  • Artemis secured BC Hydro renewable power assurances for EP2's expanded processing footprint.
  • Phase 1A and EP2 aim to lift throughput from 6 Mtpa to 21 Mtpa.

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Funding

Total Funding

$1.6B

Above

Industry Average

Funded Over

6 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Paid Vacation

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Life Insurance

Employee Assistance Program

Cognitive Behavioural Therapy Programs

Mental Health Support

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

0%

2 year growth

1%
Business Examiner
Aug 12th, 2026
Artemis Gold accelerates Blackwater expansion as surging gold price reshapes Central Interior economy.

Artemis Gold accelerates Blackwater expansion as surging gold price reshapes Central Interior economy. Construction has begun on the $1.44-billion Phase 2 expansion of Artemis Gold Inc.'s Blackwater gold and silver mine, located 160 kilometres southwest of Prince George. According to the Vancouver Sun, contractors started pouring concrete foundations in late July, barely 15 months after the open-pit mine recorded its first gold production in January 2025. The rapid advance marks a significant shift from the project's original timeline. Artemis CEO Dale Andres had initially projected a four-to-five-year gap between Phase 1 and Phase 2. The original $1-billion first phase broke ground in 2023. Gold prices, however, climbed 44 per cent during the 22-month Phase 1 construction window, prompting Artemis to accelerate exploration and greenlight Phase 2 before the mine had completed its first full year of operation. Gold price drives the accelerated decision. The gold price has continued rising since Blackwater poured its first bar. As of trading Tuesday, bullion hit US$4,434 per ounce on Commodity Exchange Inc., reflecting a further 57 per cent gain since January 2025. Andres told The Province he cannot predict where prices go from here, but said a medium- and long-term view that gold would strengthen made the timing work well. Artemis reported strong financial results alongside the Phase 2 announcement. Second-quarter net profit reached $199 million on revenue of $434 million, compared with $100 million net on $231 million in revenue for the same period in 2025. The mine produced roughly 193,000 ounces of gold in its first year. Economic lift for a region under pressure. The expansion arrives as the Central Interior grapples with a sustained downturn in the forestry sector. Blackwater opened with approximately 900 direct and contract workers on site. Andres told The Province the mine is positioned to help offset the regional economic gap left by forestry, both through direct employment and contracts to local businesses. A regional official quoted in The Province described Blackwater as an economic powerhouse emerging in a part of the province facing genuine challenges. The characterization underscores how central the project has become to economic activity in the area. Phase 1 mill upgrade already underway. Even before Phase 2 foundations were poured, Artemis committed $120 million to expand the rock mill at the existing Phase 1 operation. Work on that upgrade is already in progress. It represents an incremental capacity step that runs parallel to the larger expansion effort. Longer-Term exploration still in view. Andres indicated to The Province that Artemis is examining options beyond Phase 2. The current mine life runs to 2043. The company is assessing paths to extend that lifespan and evaluating what a Phase 3 build-out could involve, consistent with the original three-phase vision for Blackwater that was established when the project first broke ground.

Mugglehead
Aug 5th, 2026
Artemis Gold begins major construction on Blackwater EP2 expansion.

Artemis Gold begins major construction on Blackwater EP2 expansion. The company also secured supply assurances from BC Hydro that will provide enough renewable hydroelectric power for the expanded operation 54 seconds ago Artemis Gold Inc. (CVE: ARTG) has started major construction on the EP2 expansion at its Blackwater mine in British Columbia after completing the first concrete pour for the ball mill foundations ahead of schedule, marking another milestone in a project expected to raise annual gold production above 500,000 ounces by late 2028. The company said early works for EP2 began in January and are nearing completion. Engineering and procurement continue to advance, while the company has ordered all long-lead equipment required for the expansion. Crews have also moved ahead of schedule with site clearing and bulk earthworks for the larger processing plant. Additionally, Artemis expects to complete a new 612-bed construction camp in early August. The expanded camp includes a kitchen, gymnasium and recreation facilities to support the growing workforce during construction. The company also secured supply assurances from BC Hydro that will provide enough renewable hydroelectric power for the expanded operation. That agreement ensures Blackwater can continue using low-cost electricity as processing capacity increases. Artemis first announced EP2 during the fourth quarter of 2025 as the next major growth phase for the operation. Combined with the Phase 1A expansion, EP2 will increase processing capacity from six million tonnes per year to 21 million tonnes annually by the fourth quarter of 2028. That represents a 250 per cent increase over current throughput. The company expects the expansion to transform Blackwater into one of Canada's three largest single gold mines. It also forecasts the mine will become one of the world's lowest-cost and highest-margin gold operations because higher production spreads operating costs across more ounces. Expansion a major step for Blackwater. Furthermore, Artemis continues to target a capital cost of CAD$1.44 billion for the project. Management said construction remains on schedule and within budget. The company also took steps to protect project funding if gold prices weaken. Artemis purchased put options covering 172,500 ounces of gold with a strike price of CAD$5,300 per ounce. Those contracts expire between July 2026 and June 2027 and cover more than 80 per cent of expected spot gold sales during that period. Unlike fixed-price hedging, the options allow Artemis to benefit if gold prices continue climbing. However, they also establish a minimum selling price should the market decline sharply while the company finances construction through operating cash flow. Chief executive officer Dale Andres described the expansion as a major step toward making Blackwater one of Canada's largest and lowest-cost gold mines. He said the company's options strategy reflects prudent financial planning because it protects against lower gold prices without limiting potential gains if prices rise further. Meanwhile, president Jeremy Langford said the first half of 2026 has focused on preparing both Phase 1A and EP2 for the next stage of growth. He said the company strengthened its project delivery team while advancing bulk earthworks and completing the first major concrete pour earlier than planned. Construction activity continues across multiple areas of the project. Artemis awarded the engineering, procurement and construction management contract to Lycopodium, which completed initial processing plant design reviews and finalized the facility layout. Artemis ordered first group of equipment. Additionally, the company commissioned its concrete batch plant, allowing crews to begin major structural work. Contractors have already completed the largest concrete placement planned for EP2 by pouring roughly 900 cubic metres into the ball mill foundation. Workers have also poured concrete for the SAG mill blinding, while steel installation continues across the structure. Bulk earthworks remain well ahead of schedule and should finish before the end of September. Mining fleet expansion is progressing alongside plant construction. Artemis ordered the first group of additional equipment needed to support higher mining and processing rates. The 2026 equipment package includes one 34-cubic-metre hydraulic shovel, five 240-tonne haul trucks, four production drills and two large graders. To date, crews have assembled both graders and three haul trucks, which are already operating at the mine. The hydraulic shovel should enter service in September. The remaining equipment will support increased material movement as mining rates accelerate ahead of higher plant capacity. In addition, Artemis continues updating its geological resource model and optimizing the mine plan for both Phase 1A and EP2. The work will support a new mineral resource estimate, updated mineral reserves and revised production guidance expected during the first quarter of 2027. The company is also studying opportunities beyond the current expansion plans. One option examines ways to increase processing capacity to 25 million tonnes annually by removing bottlenecks from both Phase 1A and EP2. Engineers are also evaluating the possibility of constructing another crushing and grinding line as part of a future Phase 3 expansion. Those studies remain linked to ongoing efforts to expand mineral resources and extend the mine's operating life. Process compared actual ore grades with geological estimates. Additionally, Artemis continues assessing alternatives for moving waste rock more efficiently. Potential options include crushing and conveying systems, electrifying haul trucks and introducing autonomous hauling technology. Management believes those technologies could lower long-term operating costs. The first two options could also reduce greenhouse gas emissions by decreasing diesel fuel consumption across the mining fleet. The company also reported favourable grade control reconciliation during mining. That process compares actual ore grades with previous geological estimates after material reaches the pit. As a result, Artemis has reclassified some material originally considered waste into low-grade and medium-grade stockpiles. The company plans to process that material later in the mine's operating life, potentially increasing total gold production without expanding the current pit. Furthermore, exploration drilling continues to test mineralization beyond the existing resource boundary. Previous drilling indicates the deposit remains open to the north, northwest and at depth. The company plans to complete about 25,000 metres of diamond drilling during 2026. Those results may support future resource growth if drilling confirms additional mineralization. Regional exploration has also resumed across the broader Blackwater land package following a winter and spring pause. Artemis identified more than 30 exploration targets within potential trucking distance of the existing processing plant. Management views the regional campaign as part of a broader exploration strategy extending over the next five to 10 years. The company believes much of the surrounding property remains largely unexplored despite its geological potential. New construction will create many jobs. Additionally, Artemis sees another opportunity to extend Blackwater's mine life through higher gold prices. Current mineral reserve estimates use a gold price assumption of USD$1,400 per ounce for pit design and cut-off grades. If future reserve calculations use a higher gold price, some existing mineral resources could qualify as mineable reserves. That change could extend Blackwater's operating life without requiring major new discoveries. Peak EP2 construction will create about 1,500 direct construction jobs, along with additional indirect employment and economic activity. The mine currently supports about 900 employees and contractors operating Phase 1. Once EP2 reaches full operation, Artemis expects Blackwater to employ about 1,200 direct workers and contractors.

Newswire
Jun 3rd, 2026
Artemis Gold announces management succession.

Artemis Gold announces management succession. Jun 03, 2026, 17:00 ET VANCOUVER, BC, June 3, 2026 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis Gold" or the "Company") is pleased to announce the appointment of Mr. Erik Marchand, currently Vice President Finance, as the Company's Chief Financial Officer and Corporate Secretary effective July 1, 2026. As part of a planned leadership succession, Erik will be replacing Gerrie van der Westhuizen, who has informed the Company of his planned departure on July 31, 2026. Mr. Van der Westhuizen joined the Company in January 2021 and has served as CFO since January 2023. Artemis Gold CEO Dale Andres commented: "We congratulate Erik on his appointment. Erik has been working in lockstep with Gerrie over the past five years and more recently was responsible for the successful completion of the Company's bond offering and the announced dividend policy. He has been integral in strengthening our balance sheet and we have been planning for this smooth transition for some time. "We also thank Gerrie for his dedicated service to the Company during a pivotal period as we successfully carried out Phase 1 construction and transitioned into operations and our subsequent expansion phases. During Gerrie's tenure, the Company completed and refinanced its project loan facility, standby-facility and master lease agreements and amended both the silver and gold streams. We wish him well as he enjoys time with family here in Canada and back in his native South Africa." About Erik Marchand Erik Marchand is a Chartered Professional Accountant with more than 15 years of experience in finance and accounting spanning the mining and natural resources sectors. Mr. Marchand, in his role as Vice President Finance, played an integral role in the Company's corporate finance functions, financial reporting, internal controls, treasury, corporate finance, risk management, as well as continuous business process improvement. Mr. Marchand joined Artemis Gold in September 2021 as Corporate Controller and prior to this, he held progressively senior finance roles at one of Glencore's international mining operations. Mr. Marchand began his career with Deloitte and holds a Bachelor's degree in Finance and Accounting. About Artemis Gold Artemis Gold is a well-financed, growth-oriented gold and silver producer and development company with a strong financial capacity aimed at creating shareholder value through the identification, acquisition, and development of gold properties in mining-friendly jurisdictions. The Company's primary focus is the operation and further development of the Blackwater Mine in central British Columbia approximately 160km southwest of Prince George and 450 kilometres northeast of Vancouver. The first gold and silver pour at Blackwater was achieved in January 2025 and commercial production was declared on May 1, 2025. Artemis Gold trades on the TSX-V under the symbol ARTG and the OTCQX under the symbol ARGTF. For more information visit www.artemisgoldinc.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. SOURCE Artemis Gold Inc. Investor Relations contact: Meg Brown, Vice President, Investor Relations, [email protected], +1 778 899 0518; Media relations contact: [email protected]

MineListings, LLC
Mar 25th, 2026
Artemis Gold's $1.44 billion Blackwater Mine expansion to boost gold production.

Artemis Gold's $1.44 billion Blackwater Mine expansion to boost gold production. In a significant announcement this week, Artemis Gold has approved a substantial $1.44 billion investment for an expanded Phase 2 development at its Blackwater Mine in British Columbia. This expansion is set to elevate the mine's processing capacity to 21 million tonnes per annum (Mtpa) by the end of 2028. The expansion is expected to produce over 500,000 ounces of gold annually during the first decade of full operation. According to Artemis Gold, early works have already commenced, with major construction slated to begin in the third quarter of 2026. Market action. The announcement has spurred investor interest, with Artemis Gold's stock observing a 3% uptick in trading on the Toronto Stock Exchange following the news. This expansion, which also includes increasing the Phase 1A capacity from 6 Mtpa to 8 Mtpa by the end of 2026, is expected to create significant employment opportunities. The project will employ approximately 1,500 workers at peak construction and provide about 1,200 direct jobs once operational. Analysis. This expansion is driven by several strategic factors. The rising gold prices, which have seen a steady increase in recent years, provide a robust financial backdrop for such an investment. Additionally, the anticipated production capability aligns with global market demand for gold, which has been resilient amid economic uncertainties. The decision to expand also reflects confidence in the long-term profitability of the Blackwater project, bolstered by advanced mining technologies and favorable geographic conditions. Context. The expansion of the Blackwater Mine is part of a broader trend of increased investment in gold mining operations worldwide. With global mined gold production reaching new heights, industry analysts suggest that such expansions are crucial to maintaining supply levels in a market that continues to experience strong demand. Moreover, as environmental, social, and governance (ESG) concerns grow, Artemis Gold's commitment to sustainable mining practices could further enhance its market position. Outlook. Looking ahead, the successful execution of this expansion could position Artemis Gold as a leading player in the North American gold sector. Investors and industry watchers will closely monitor the project's progress, especially the timely commencement of major construction activities later this year. Additionally, given the current trajectory of gold prices and the anticipated production levels, Artemis Gold could see significant returns on its investment, although this will largely depend on market conditions and operational efficiencies. While the expansion presents a positive outlook, stakeholders should be mindful of potential risks, including construction delays, cost overruns, and fluctuating gold prices. As always, past performance does not guarantee future results, and the mining sector's inherent volatility necessitates a cautious approach. For investors and industry professionals, the unfolding developments at Blackwater will be a key indicator of the sector's health and the viability of large-scale mining projects in the current economic climate. The information provided in this article is for general informational purposes only. While Minelistings, LLC strive to provide accurate and up-to-date information, MineListings.com makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of this information.

Newswire
Mar 16th, 2026
Artemis Gold Appoints George Salamis to Board of Directors

Artemis Gold appoints George Salamis to Board of Directors. Mar 16, 2026, 08:06 ET VANCOUVER, BC, March 16, 2026 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis Gold" or the "Company") announces the appointment of Mr. George Salamis to the Board of Directors, effective immediately. Mr. Salamis is an experienced director and seasoned mining executive with over 30 years of international leadership in the mining and resource exploration sector. He is currently the President, CEO and Director of Integra Resources, a growing precious metals producer in the Great Basin of the Western United States. He has an excellent track record of building resource companies and unlocking value through resource project development and managing major producing operations. Mr. Salamis holds a B.Sc. in Geology from the Université de Montréal. Concurrent with his appointment as an independent director of the Company, Mr. Salamis is also appointed as a member of the Company's nominating and corporate governance committee and the health, safety, environment and social performance committee. "We are pleased to welcome George to the Board of Artemis Gold at this pivotal time for the Company as we continue to grow the Blackwater mine through our Phase1A and EP2 expansion projects and continue to advance mine optimization and exploration" said Artemis Gold Executive Chair Steven Dean. "George brings extensive experience across the mining industry and capital markets, and his technical perspective will be a valuable addition to our Board as we grow into one of the largest and lowest-cost gold mines in Canada." About Artemis Gold Artemis Gold is a well-financed, growth-oriented gold and silver producer and development company with a strong financial capacity aimed at creating shareholder value through the identification, acquisition, and development of gold properties in mining-friendly jurisdictions. The Company's primary focus is the operation and further development of the Blackwater Mine in central British Columbia approximately 160km southwest of Prince George and 450 kilometres northeast of Vancouver. The first gold and silver pour at Blackwater was achieved in January 2025 and commercial production was declared on May 1, 2025. Artemis Gold trades on the TSX-V under the symbol ARTG and the OTCQX under the symbol ARGTF. For more information visit www.artemisgoldinc.com. Qualified Person Artemis Gold Chief Business Development Officer, Tony Scott, P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-looking Information This press release contains certain forward-looking statements and forward-looking information as defined under applicable Canadian and U.S. securities laws. Statements contained in this press release that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties. Any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. In certain cases, forward-looking statements and information can be identified using forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "potential" or similar terminology. Forward-looking statements and information are made as of the date of this press release and include, but are not limited to, statements regarding the strategy, plans, future financial and operating performance of the Blackwater Mine, including (i) estimates of grades, throughput, recoveries, future production and sales; (ii) estimates of future costs, all-in sustaining costs, all-in sustain cost margins, and growth capital expenditures; (iii) the extent and timing of any exploration programs; (iv) the plans of the Company with respect to optimizing and enhancing current operations, including the expected costs and benefits of work to be undertaken as part of Phase 1A and EP2 expansions, and the expected timing of procurement, construction, commissioning and completion works; (v) the anticipated life of mine and options to extend, and (vi) other financial and operational expectations of the Company with respect to the mine... These forward-looking statements represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance, which are based on information currently available to management, management's historical experience, perception of trends and current business conditions, expected future developments and other factors which management considers appropriate. Such forward-looking statements involve numerous risks and uncertainties, and actual results may vary. Important risks and other factors that may cause actual results to vary include, without limitation: risks related to ability of the Company to accomplish its plans and objectives with respect to the operations, optimization, enhancement and expansion of the Blackwater Mine within the expected timing or at all, the timing and receipt of certain required approvals, changes in commodity prices, changes in interest and currency exchange rates, litigation risks (including the anticipated outcome or resolution of ongoing or potential claims and counterclaims, the timing and success of such claims and counterclaims), risks inherent in mineral resource and mineral reserves estimates and results, risks inherent in exploration and development activities, changes in exploration, mining, optimization, enhancement or expansion plans due to changes in logistical, technical or other factors, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability or unanticipated delays to the delivery of materials, resources (including hydropower), plant and equipment or third party contractors, delays in the receipt of government approvals, industrial disturbances, job action, and unanticipated events related to health, safety and environmental matters including climate change, weather events, and the possibility that assumptions relating to hydrogeological conditions, water quality, water availability or related mitigation measures may prove inaccurate or incomplete)), changes in governmental regulation of mining operations, political risk, social unrest, changes in general economic conditions or conditions in the financial markets, and other risks related to the ability of the Company to proceed with its plans for the Mine and other risks set out in the Company's most recent MD&A, which is available on the Company's website at www.artemisgoldinc.com and on SEDAR+ at www.sedarplus.ca In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, the assumptions that: (1) market fundamentals will result in sustained mineral demand and prices; (2) any necessary permits, approvals and consents in connection with the exploration program or the operations and expansion of the Mine will be obtained; (3) financing for the continued operation of the Blackwater Mine and future expansion activities will continue to be available on terms suitable to the Company; (4) sustained commodity prices will continue to make the Mine economically viable; and (5) there will not be any unfavourable changes to the economic, political, permitting and legal climate in which the Company operates. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause the actual results or performance by the Company to differ materially from those expressed in or implied by any forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or the financial condition of the Company. Investors should therefore not place undue reliance on forward-looking statements. The Company is under no obligation and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future events or otherwise, except as may be required under applicable securities laws. SOURCE Artemis Gold Inc. Investor Relations contact: Meg Brown, Vice President, Investor Relations, [email protected], +1 778 899 0518; Media relations contact: [email protected]

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