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 Minenportal.de.

Production and Capacity

Over the past 30 days, Blackwater’s crushing circuit has processed an average of 17,700 tonnes per day, reaching 107% of its design capacity. The milling circuit has averaged 15,300 tonnes per day, which is 93% of its design capacity. Notably, in the last 14 days, the milling circuit has increased its throughput to 16,700 tonnes per day, achieving 102% of its design capacity.

Mining Operations

The open pit mining operations have been highly efficient, delivering over 90% of the planned tonnage. Both the 400-tonne and 600-tonne production excavators are fully deployed, contributing to the mine’s productivity. The mined tonnes and grades are reconciling favorably with the resource model, indicating effective grade control and resource management.

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 underscores the mine’s operational success and its potential to contribute significantly to the company’s output.

Financial Overview

Artemis Gold Inc. is listed on the TSX Venture Exchange, with a market capitalization of 4.45 billion CAD. As of April 30, 2025, the company’s stock closed at 18.9 CAD. The company’s price-to-earnings ratio stands at -0.0001, reflecting its current financial metrics.

Future Outlook

With the successful commencement 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 .