Artemis Gold Inc. (TSX-V: ARTG) (“Artemis Gold” or the “Company”) announces production results for the three months ended March 31, 2026 (“Q1 2026”) at the Blackwater Mine (“Blackwater”) in central British Columbia.
Blackwater produced 61,923 ounces of gold in Q1 2026. The plant processed 1.32 million tonnes and feed grades remained strong averaging 1.59 g/t gold during the quarter, helping to offset reduced throughput due to unplanned maintenance including a 7-day unplanned shutdown in March as a result of a gearbox failure on the ball mill as previously disclosed. Gold recovery in the mill was a record 90.6% in the quarter as a result of ore blending and continued optimization efforts, up from 88.1% in Q4 2025.
The Company is maintaining its full year production guidance of 265,000 to 290,000 ounces of gold, with plans to make up for the unplanned downtime experienced in Q1.
Artemis Gold CEO Dale Andres commented: “We recovered quickly from an unexpected shutdown of the mill in March. Both mining and milling operations are currently performing very well. The mill achieved record gold recoveries during the first quarter, and optimization opportunities to further improve are continuing.
“Looking ahead, we expect improved mill throughput and higher gold production for the next three quarters and remain well positioned to achieve our full-year production guidance. We are also continuing to advance the Phase 1A expansion and the Expanded Phase 2 (“EP2”) projects, which we expect to fund from operating cash flow. These projects will see us increase annual throughput to 21 Mtpa before the end of 2028, which is more than triple our current capacity, and are expected to increase annual gold production at Blackwater to over 500,000 ounces.”