Artemis Gold pours first gold and silver at Blackwater

Artemis Gold (TSXV: ARTG) introduced the effective conclusion of its very first silver and gold put at the Blackwater mine in main British Columbia on Wednesday. The business is currently targeting industrial manufacturing in the 2nd quarter of 2025.

Artemis postponed first pour to January after experiencing hold-ups in last appointing of the damp plant. Concerns with the control circuit arrangement and an absence of supplier experts throughout the vacations were mentioned as the primary reasons.

” While still in appointing, Blackwater’s squashing circuit has actually received procedures over its nameplate throughput. The milling circuit is likewise executing as anticipated throughout appointing and ramp-up,” claimed Artemis COO Jeremy Langford.

” The other day’s very first gold put at Blackwater is a favorable, if anticipated, landmark after vacation start-up hold-ups,” BMO kept in mind.

” Targeting industrial manufacturing in Q2 2025, Artemis stands apart as a brand-new, significant mine with the possible to create roughly 500,000 oz./ year in a leading territory.”

BC’s very first golden goose because 2017

The Blackwater mine, 160 kilometres southwest of Royal prince George and 450 kilometres northeast of Vancouver, comes by means of significant freeways and solution roadways. It will certainly be the district’s very first brand-new golden goose because Brucejack in 2017.

As soon as functional, it is anticipated to create 500,000 oz. gold comparable each year for the very first one decade, creating C$ 500 million in cost-free capital annually at an all-in maintaining expense of $712/oz. A 2021 expediency research study jobs Stage 1 throughput at 6 million tonnes per year with 93% gold recuperation.

BMO designs 26,000 oz. gold matching created in Q1 and 230,000 oz. gold matching for the year.

Artemis’ residential property consists of 328 mineral cases covering 1,487 sq. kilometres, consisting of the Capoose, Auro, Trick, Parlane, and RJK case obstructs. The Crown manages surface area legal rights over the task location.

The Blackwater task consists of the building, procedure, and closure of an open-pit silver and gold mine with ore handling centers. Artemis will certainly make use of a mixed gravity circuit and entire ore leach for silver and gold recuperation. The business will originally refine state-of-the-art, near-surface ore, stockpiling lower-grade product for later handling.

The mine obtained its BC Mines Act allow in March 2023. A favorable choice declaration from the Canadian Environmental Analysis Company was released in April 2019, adhered to by an Ecological Analysis certification later on that year.

In 2019, Artemis authorized a trilateral task engagement arrangement with Lhoosk’ uz Dené Country and Ulkatcho First Country, whose standard regions overlap the mine website. In Might 2021, Artemis authorized an effect advantages arrangement with the Nazko Country. Conversations with the Provider Sekani First Nations, whose regions consist of suggested facilities passages, are continuous.

Shares of Artemis Gold climbed 3.6% Thursday early morning, pressing the Vancouver-based miner’s market capitalization over C$ 3.5 billion ($ 2.4 billion).