Artemis Gold Inc. Hits a Milestone with Blackwater Mine’s Commercial Production

In a significant development for the gold mining sector, Artemis Gold Inc., a prominent player in the materials sector, has announced the commencement of commercial production at its Blackwater Mine located in central British Columbia. This milestone, reached on May 2, 2025, marks a pivotal moment for the company, which is based in Vancouver, Canada, and trades on the TSX Venture Exchange.

A Surge in Production Capacity

The Blackwater Mine has demonstrated impressive operational efficiency, with the crushing circuit processing an average of 17,700 tonnes per day over the past 30 days, surpassing its design capacity by 7%. Similarly, the milling circuit has averaged 15,300 tonnes per day, achieving 93% of its design capacity. Notably, in the last 14 days, the milling circuit’s performance improved to 16,700 tonnes per day, or 102% of its design capacity. This operational excellence is further underscored by the mine’s open-pit mining achievements, where over 90% of the planned tonnage has been delivered, thanks to the full deployment of both the 400-tonne and 600-tonne production excavators.

Gold Production and Market Implications

Since the start of milling operations at Blackwater this year, Artemis Gold has reported a total gold production of approximately 30,000 ounces. This achievement not only highlights the mine’s potential but also positions Artemis Gold favorably in the gold market. With a market capitalization of 4.45 billion CAD and a recent close price of 18.9 CAD, the company’s strategic move to reach commercial production could significantly impact its financial performance and investor confidence.

Looking Ahead: Artemis Gold’s 2025 Guidance

In conjunction with the announcement of commercial production, Artemis Gold has provided guidance for 2025, signaling its expectations for the year ahead. While specific details of the guidance were not disclosed in the news, the company’s ability to achieve commercial production ahead of schedule is likely to have a positive effect on its operational and financial outlook for the year.

Conclusion

Artemis Gold Inc.’s announcement of commercial production at the Blackwater Mine is a testament to the company’s operational capabilities and strategic planning. As the company moves forward, its performance at Blackwater will be closely watched by investors and industry analysts alike, with potential implications for its stock price and market position. With a solid foundation in the materials sector and a clear focus on gold mining, Artemis Gold is poised to capitalize on its achievements and navigate the challenges of the gold market in 2025 and beyond.