Artemis Gold Announces Expanded Phase 2 Development at Blackwater Mine
View original at finance.yahoo.comArtemis Gold Announces Expanded Phase 2 Development at Blackwater Mine TSXV: ARTG Capital-efficient, $1.44 billion expanded Phase 2 ("EP2") development of processing capacity to 21 Mtpa expected to be funded from operating cash flow Over 500,000 ounces of annual gold production expected for first 10 full years, transfo…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
2029-2034 production guidance of 500-525k oz gold/year and 2,000-2,500k oz silver/year
80% confidence2025 production guidance of 190-210k oz gold/year and 600-1,200k oz silver/year
80% confidence2029-2034 AISC guidance of US$1,000-1,100/oz gold
80% confidenceCompany is being disciplined in approach to EP2 planning, allowing sufficient time through Q3 2026 to advance engineering and procurement together with early works activities
80% confidenceAt US$4,200/oz gold spot price, AISC margin exceeds US$3,000/oz representing 75% margin on revenue
80% confidenceThe Blackwater Mine is a world-class, large-scale asset in a tier-one mining jurisdiction that is delivering low-cost production and strong cash flows
80% confidenceWill be one of lowest-cost, highest-margin gold operations globally
80% confidenceExpects to become one of three largest single gold mines in Canada
80% confidenceLong-term vision is to grow low-cost production to at least 500,000 gold ounces per year through staged, capital-efficient expansions funded primarily by cash flow from operations
80% confidenceExperiencing favourable grade control reconciliation with waste converting to low/medium-grade stockpile material
80% confidence2025 AISC guidance of US$825-875/oz gold
80% confidence