Artemis Gold starts major works on Blackwater EP2 expansion, targets C$ 1.44 billion buildout

Reuters2026/08/04 22:02

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Artemis Gold began major works on the EP2 growth project at the Blackwater mine, with the first concrete pour for ball mill foundations completed.
EP2 targets a 250% throughput increase to 21 Mtpa by Q4 2028 from 6 Mtpa, lifting output to over 500,000 ounces a year.
Project completion is guided at a capital cost of C$ 1.44 billion, with the build described as on schedule and on budget.
Downside revenue risk hedged via put options on 172,500 ounces at C$ 5,300/oz, expiring July 2026 to June 2027.
BC Hydro provided supply assurances for continued low-cost renewable hydropower at the expanded throughput capacity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Artemis Gold Inc. published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Artemis Gold starts major works on Blackwater EP2 expansion, targets C$ 1.44 billion buildout

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