Artemis Gold Inc. Achieves Commercial Production at Blackwater Mine

Artemis Gold Inc., a materials sector company based in Vancouver, Canada, has announced the commencement of commercial production at its Blackwater Mine located in central British Columbia. This significant milestone was reported on May 2, 2025, by multiple financial news sources, including StockWatch, CEO.ca, Finanzen.net, and MinePortal.

Production Details

Over the past 30 days, Blackwater’s crushing circuit has processed an average of 17,700 tonnes per day, surpassing its design capacity by 7%. The milling circuit has averaged 15,300 tonnes per day, which is 93% of its design capacity. In the last 14 days, the milling circuit’s performance improved to 16,700 tonnes per day, exceeding the design capacity by 2%. The open pit operations have successfully delivered over 90% of their planned tonnage, with both the 400-tonne and 600-tonne production excavators fully operational. The mined tonnes and grades are aligning favorably with the resource model.

Gold Production

Since the start of milling operations at Blackwater earlier this year, Artemis Gold has produced approximately 30,000 ounces of gold. This achievement marks a significant step forward for the company in its development of gold mining properties.

Financial Overview

Artemis Gold Inc. is listed on the TSX Venture Exchange and operates in the materials sector. As of April 30, 2025, the company’s stock closed at CAD 18.9. The 52-week high was CAD 20.4 on April 20, 2025, and the 52-week low was CAD 8.84 on May 5, 2024. The company’s market capitalization stands at CAD 4.45 billion. The price-to-earnings ratio is currently at -0.0001, reflecting the company’s early stage in profitability.

Future Outlook

With the achievement of commercial production at Blackwater, Artemis Gold Inc. has also provided guidance for 2025. The company continues to focus on developing its gold mining properties and serving customers within Canada.

For more information about Artemis Gold Inc. and its offerings, interested parties can visit their website at www.artemisgoldinc.com .