Artemis Gold's Blackwater Mine EP2 Expansion: A $1.44 Billion Bet on Self-Funded Growth
Artemis Gold has greenlit a $1.44 billion CAD Expanded Phase 2 at its Blackwater Mine in British Columbia, targeting a first gold pour in Q3 2028. The company plans to fund the buildout almost entirely from operating cash flows, a strategy that hinges on sustained high gold prices and disciplined execution. If successful, the expansion would vault annual production toward 500,000 ounces of gold equivalent by 2029.
ViaNews Editorial Team (Finance)•