Recent Insider Transactions • Aug 19
Chief ESG Officer recently sold CA$1.6m worth of stock On the 18th of August, Candice Alderson sold around 40k shares on-market at roughly CA$39.50 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$8.4m. Insiders have been net sellers, collectively disposing of CA$40m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 16
Founder & Executive Chairman exercised options to buy CA$12m worth of stock. On the 11th of August, Steven Dean exercised options to buy 299k shares at a strike price of around CA$5.39, costing a total of CA$1.6m. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. Steven currently holds 8.57m shares (0.03674586565340075 of the company). Company insiders have collectively sold CA$32m more than they bought, via options and on-market transactions in the last 12 months. Annuncio • Aug 07
Artemis Gold Inc. Declares Inaugural Quarterly Dividend, Payable on September 9, 2026 The Board of Directors of Artemis Gold Inc. declared an inaugural quarterly dividend of CAD 0.05 per share; payable on September 9, 2026 to shareholders of record on August 19, 2026. This declaration is consistent with the Company's dividend policy announced on February 18, 2026. Reported Earnings • Aug 07
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: CA$0.85 (up from CA$0.44 in 2Q 2025). Revenue: CA$433.6m (up 88% from 2Q 2025). Net income: CA$199.0m (up 99% from 2Q 2025). Profit margin: 46% (up from 43% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 97% per year, which means it is significantly lagging earnings growth. Notizie in diretta • Aug 07
Artemis Gold Announces First Quarterly Dividend With Free Cash Flow Policy Update Artemis Gold has declared its first quarterly cash dividend of $0.05 per common share, payable on 9 September 2026 to shareholders of record on 19 August 2026, and plans to lift the base quarterly dividend to $0.08 per share in 2027.
From 2028, Artemis Gold intends to add a variable dividend that targets about 40% of free cash flow, signalling a shift toward direct cash returns as a core part of its capital allocation framework.
Artemis Gold shares trade at about CA$40.15, with the stock up 20.3% over the past week.
This new dividend framework gives you clearer visibility on how Artemis Gold plans to split future free cash flow between distributions and other uses such as reinvestment or debt, but it also increases sensitivity to future cash generation and commodity price swings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CA$40.15, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 3x in the Metals and Mining industry in Canada. Total returns to shareholders of 645% over the past three years. Annuncio • Aug 05
Artemis Gold Provides Update On Phase 1A Expansion Project At Blackwater Mine Artemis Gold had announced the Phase 1A expansion in the Third Quarter 2025, which represents a capital efficient, step change opportunity to upgrade the current Blackwater processing plant, increasing nameplate capacity by 33% from 6 Mtpa to 8 Mtpa. At the end of the Second Quarter 2026, Phase 1A was 57% complete, and is on schedule for commissioning during the Fourth Quarter 2026. Phase 1A enhancements include: Addition of a 3.5 MW vertical grinding mill ("Vertimill") to the current ball mill grinding circuit along with modifications to the current cyclone cluster and feed well; Expanded leach circuit with the addition of one pre-aeration tank and one leach tank to the existing carbon-in-leach train; Expansion and upgrades to the oxygen supply system and the addition of oxygen shear reactors on the existing detoxification circuit; Upgrade of the existing elution circuit to provide greater flexibility in relation to stripping of loaded carbon; Optimization of the reagents mixing and delivery systems to increase efficiency and lower costs. The Vertimill foundation civil works are complete. The Vertimill building structural steel has arrived and steel erection is well advanced. Vertimill components are now arriving at site in preparation for the commencement of mechanical installation. Fabrication of the new cyclone cluster is complete, with the assembly now enroute to site. The new pre-aeration tank erection is complete, the new leach tank base plate welding is complete and tank wall strake erection works are well advanced. Shear reactor foundation works have been completed. After finalizing the scope, including adding additional spares, Phase 1A is now expected to be completed at a capital cost of $120 million, representing an industry-low capital intensity of $60 per additional annual tonne of processing capacity, with clear potential for further optimization above 8 Mtpa. Updates to the resource model and optimization of the mine plan for both the Phase 1A and EP2 expansions are being undertaken in 2026. The updates will incorporate new resource expansion drill results, a review of cut-off grade strategies, and an assessment of additional low- and medium-grade ore that is being identified through grade control drilling. Annual production and cost guidance for 2027 will be provided in early First Quarter 2027 after this work is completed. A significant increase in production is expected with the 33% increase in mill throughput with the Phase 1A expansion. Grades are expected to remain well above reserve grade for 2027 and 2028 until EP2 is commissioned. Annuncio • Jul 14
Artemis Gold Inc. to Report Q2, 2026 Results on Aug 06, 2026 Artemis Gold Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 06, 2026 Notizie in diretta • Jul 14
Artemis Gold Reports Record Q2 Output as Blackwater Expansion Moves Forward Artemis Gold reported record Q2 2026 production of 74,063 ounces of gold at its Blackwater Mine in British Columbia, a 20% sequential uplift driven by higher feed grades and gold recoveries, bringing year-to-date output to 135,986 ounces and keeping the company on track for its 2026 guidance of 265,000 to 290,000 ounces.
The Phase 1A expansion at Blackwater, which is intended to lift annual design throughput by 33% to 8 Mtpa, is progressing towards commissioning before year-end, with an Expanded Phase 2 project planned to triple processing capacity and target annual gold production of over 500,000 ounces.
Artemis Gold shares trade at CA$31.47, with the stock down 23.2% over the past 90 days.
The combination of record production and advancing expansion projects provides Artemis Gold with a clearer operational path, while the recent share price decline underscores execution risk and sensitivity to delivery against stated guidance and build-out plans. Recent Insider Transactions • Jul 05
Chief ESG Officer recently sold CA$823k worth of stock On the 2nd of July, Candice Alderson sold around 25k shares on-market at roughly CA$32.90 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$8.4m. Insiders have been net sellers, collectively disposing of CA$33m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jun 26
CEO & Director exercised options to buy CA$635k worth of stock. On the 25th of June, Dale Andres exercised options to buy 20k shares at a strike price of around CA$31.39, costing a total of CA$628k. This transaction amounted to 13% of their direct individual holding at the time of the trade. Since June 2025, Dale's direct individual holding has increased from 72.50k shares to 150.00k. Company insiders have collectively sold CA$27m more than they bought, via options and on-market transactions in the last 12 months. Board Change • Jun 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Director George Salamis was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Mar 17
Artemis Gold Inc. Appoints George Salamis to Board of Directors, Effective March 16, 2026 Artemis Gold Inc. announces the appointment of Mr. George Salamis to the Board of Directors, effective March 16, 2026. Mr. Salamis is an experienced director and seasoned mining executive with over 30 years of international leadership in the mining and resource exploration sector. He is currently the President, CEO and Director of Integra Resources, a growing precious metals producer in the Great Basin of the Western United States. He has an excellent track record of building resource companies and unlocking value through resource project development and managing major producing operations. Mr. Salamis holds a B.Sc. in Geology from the Université de Montréal. Concurrent with his appointment as an independent director of the Company, Mr. Salamis is also appointed as a member of the Company's nominating and corporate governance committee and the health, safety, environment and social performance committee. Recent Insider Transactions • Mar 01
President recently sold CA$616k worth of stock On the 25th of February, Jeremy Langford sold around 15k shares on-market at roughly CA$41.05 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$11m. Jeremy has been a net seller over the last 12 months, reducing personal holdings by CA$4.1m. Major Estimate Revision • Feb 26
Consensus EPS estimates fall by 22%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CA$1.58b to CA$1.66b. EPS estimate fell from CA$2.97 to CA$2.31 per share. Net income forecast to grow 53% next year vs 30% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$54.62. Share price rose 9.8% to CA$43.08 over the past week. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$39.48, the stock trades at a trailing P/E ratio of 44.2x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 714% over the past three years. Annuncio • Jan 27
Artemis Gold Inc. announced that it expects to receive CAD 450 million in funding Artemis Gold Inc. announced that it has issued a private placement offering of senior unsecured notes of principal amount of CAD 450 million on January 26, 2026. The 5-year senior unsecured notes are due in 2031. The notes will bear an interest at 5.625% per annum and includes a standard two-year non-call period. The notes will be issued at par under a trust indenture and will be direct senior unsecured obligations of Artemis Gold ranking equal with all other present and future senior unsecured indebtedness of the company. The deal is expected to close on or about February 3, 2026, subject to satisfaction of customary closing conditions. Recent Insider Transactions • Jan 21
Chief ESG Officer recently sold CA$480k worth of stock On the 19th of January, Candice Alderson sold around 12k shares on-market at roughly CA$40.00 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$746k. Insiders have been net sellers, collectively disposing of CA$7.3m more than they bought in the last 12 months. Recent Insider Transactions • Dec 24
Independent Director recently sold CA$746k worth of stock On the 19th of December, Elise Rees sold around 20k shares on-market at roughly CA$37.31 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$6.6m more than they bought in the last 12 months. Major Estimate Revision • Dec 22
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CA$916.3m to CA$1.01b. EPS estimate unchanged from CA$3.33 at last update. Metals and Mining industry in Canada expected to see average net income growth of 39% next year. Consensus price target up from CA$46.40 to CA$47.89. Share price rose 3.8% to CA$38.19 over the past week. Annuncio • Nov 06
Artemis Gold Inc. Maintains Production Guidance for the Full Year of 2025 Artemis Gold Inc. maintained production guidance for the full year of 2025. For the year, the company's original production guidance of 190,000 ounces to 230,000 ounces of gold produced is maintained. Based on year-to-date production through the third quarter, the Company expects to achieve guidance in the lower half of that range. This is primarily due to higher than anticipated mill downtime as the Company continued to uncover and correct deficiencies associated with the design and construction work by its former EPC contractor, together with lower than originally planned recoveries. Annuncio • Nov 01
Artemis Gold Inc. Announces Regional Exploration Drill Program Artemis Gold Inc. announced the commencement of a regional exploration drill program on its approximately 1,500 square kilometre land package in central British Columbia. An initial $5 million program has started and will include 15,000 to 25,000 metres of drilling in up to 150 holes. The initial program will extend into early 2026 and will focus on high priority targets defined by prior regional exploration. As part of this review, machine-learning algorithms were used to identify prospective patterns within these datasets and predict geological domains and potential zones of mineralization. This led to the identification and ranking of more than 30 epithermal and porphyry targets through this combined exercise and the recommendation to further drill test these targets. Annuncio • Oct 15
Artemis Gold Inc. Announces Management Additions Artemis Gold Inc. announced the additions of Tony Scott as Chief Business Development Officer and James Woeller as Vice President Business Development and Improvement, effective immediately.Mr. Scott will be responsible for overseeing the business improvement, technical services, exploration and corporate development functions of the Company, including strategic business planning and identifying future district growth options. Mr. Woeller will be responsible for leading the business improvement and corporate development functions for the Company, with a focus on asset optimization, business planning and future growth opportunities. Mr. Scott brings more than 25 years of experience to the Company and has enjoyed a notable career in the metals and mining industry including increasingly senior positions with Placer Dome and Teck Resources. Mr. Scott is also very familiar with the Blackwater Mine, having completed technical due diligence on the project on behalf of Macquarie Bank Limited where he was a Managing Director in their metals and energy group. Most recently, Mr. Scott was Senior Vice President Corporate Development and Technical Services with Gatos Silver Inc. (‘Gatos’), where he worked closely with Artemis Gold's CEO, Dale Andres, until Gatos' recent acquisition for USD 970 million. Mr. Scott holds a Bachelor of Engineering in Mining Geology from Curtin University's Western Australian School of Mines, is a Professional Geologist and a qualified person under National Instrument 43-101. Mr. Woeller joins the Company after having most recently served as Vice President Corporate Development and Business Improvement at Gatos. Mr. Woeller began his career with Teck Resources, rising through the ranks to Director, Strategy and Business Analysis. Mr. Woeller holds a Bachelor of Applied Science in Mining Engineering from Queen's University, a Master of Science in Mineral Economics from the Colorado School of Mines and is a CFA charter holder. Annuncio • Oct 07
Artemis Gold Inc. to Report Q3, 2025 Results on Nov 04, 2025 Artemis Gold Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Buy Or Sell Opportunity • Sep 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to CA$36.49. The fair value is estimated to be CA$30.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 167% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 479% in 2 years. Earnings are forecast to grow by 973% in the next 2 years. Annuncio • Sep 16
Artemis Gold Inc. Announces 33% Increase to Phase 1 Processing Plant Capacity At Blackwater Mine and Places Order for Long-Lead Equipment for Phase 2 Expansion Artemis Gold Inc. announced plans to upgrade the current Blackwater Mine processing plant ("Phase 1"), increasing nameplate capacity by 33% from 6 million tonnes per year ("Mtpa") to 8 Mtpa by fourth quarter 2026 ("Phase 1A"). Updates to the mine plan for both Phase 1A and Phase 2 are currently underway to assess the impact on production. Updated production and cost metrics for both Phase 1A and phase 2 will be presented once the mine plan updates are complete and the Phase 2 expansion project and execution plan has been finalized, expected in fourth quarter 2025. Recent Insider Transactions • Sep 12
Executive Chairman recently sold CA$6.2m worth of stock On the 5th of September, Steven Dean sold around 200k shares on-market at roughly CA$30.94 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Steven's only on-market trade for the last 12 months. New Risk • Aug 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Annuncio • Aug 13
Artemis Gold Inc. Reaffirms Earnings Guidance for the Fiscal Year 2025 Artemis Gold Inc. reaffirmed earnings guidance for the fiscal year 2025. For the year, company is on track to achieve its previously stated production guidance for fiscal 2025 of 190,000 to 230,000 ounces of gold, including 160,000 to 200,000 ounces during the post-commercial production period at AISC1 of USD 670 to USD 770 per ounce. Annuncio • Jul 14
Artemis Gold Inc. to Report Q2, 2025 Results on Aug 12, 2025 Artemis Gold Inc. announced that they will report Q2, 2025 results After-Market on Aug 12, 2025 Recent Insider Transactions • Jun 29
CEO & Director recently bought CA$296k worth of stock On the 27th of June, Dale Andres bought around 13k shares on-market at roughly CA$23.70 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Dale has been a buyer over the last 12 months, purchasing a net total of CA$426k worth in shares. Recent Insider Transactions Derivative • Jun 06
CFO & Corporate Secretary exercised options to buy CA$4.8m worth of stock. On the 4th of June, Gerrie van der Westhuizen exercised options to buy 181k shares at a strike price of around CA$5.72, costing a total of CA$1.0m. This transaction amounted to 515% of their direct individual holding at the time of the trade. Since March 2025, Gerrie's direct individual holding has increased from 27.10k shares to 35.24k. Company insiders have collectively bought CA$9.9m more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • Jun 05
Artemis Gold Inc., Annual General Meeting, Aug 14, 2025 Artemis Gold Inc., Annual General Meeting, Aug 14, 2025. Location: british columbia, vancouver Canada Recent Insider Transactions Derivative • Jun 02
COO & President exercised options to buy CA$4.2m worth of stock. On the 26th of May, Jeremy Langford exercised options to buy 192k shares at a strike price of around CA$5.39, costing a total of CA$1.0m. This transaction amounted to 27% of their direct individual holding at the time of the trade. Since December 2024, Jeremy's direct individual holding has increased from 542.00k shares to 725.25k. Company insiders have collectively bought CA$9.1m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • May 18
COO & President exercised options to buy CA$3.4m worth of stock. On the 13th of May, Jeremy Langford exercised options to buy 171k shares at a strike price of around CA$6.44, costing a total of CA$1.1m. This transaction amounted to 31% of their direct individual holding at the time of the trade. Since December 2024, Jeremy's direct individual holding has increased from 542.00k shares to 554.20k. Company insiders have collectively bought CA$7.1m more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • May 02
Artemis Gold Announces Commercial Production Guidance for the Second Half of 2025 and Year Ending December 31, 2025 Artemis Gold announced commercial production guidance for the second half and year ending December 31, 2025. For the second half of 2025, the Company expects production of 130,000-160,000 ounces of gold at estimated AISC of USD 645-USD 725 per ounce. AISC is expected to be slightly higher during the two months remaining in Second Quarter 2025 due to the continued ramp up in production over that period.
For the full year ending December 31, 2025, the company expects to produce 160,000-200,000 ounces of gold at all-in sustaining costs (AISC) of USD 670-USD 770 per ounce, bringing forecast production for the financial year 2025 to 190,000-230,000 ounces of gold. Annuncio • Jan 22
Artemis Gold Commences Processing of Ore at the Blackwater Mine Artemis Gold Inc. announced that commissioning of the grinding circuit at the Blackwater Mine has advanced and the Company has commenced milling first ore this week. As announced in December 2024, the Company continues to target first gold pour during January 2025. Annuncio • Jan 01
Artemis Gold Inc. Provides Update on Blackwater Mine Artemis Gold Inc. provided an update on progress at the Blackwater Mine. The Company has experienced unexpected delays with the configuration of and communication within the process control network and encountered constrained vendor availability during the holiday season. As a result, the Company has not yet completed final commissioning of the wet plant and now expects to commence processing of ore through the ball mill and first gold pour in January 2025. Recent Insider Transactions • Nov 22
COO & President recently bought CA$256k worth of stock On the 20th of November, Jeremy Langford bought around 20k shares on-market at roughly CA$12.80 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jeremy has been a buyer over the last 12 months, purchasing a net total of CA$354k worth in shares. Annuncio • Nov 22
Artemis Gold Inc. Feeds First Ore Through Commissioned Crushing Circuit at the Blackwater Mine Artemis Gold Inc. provided an update on progress at the Blackwater Mine. The Company has continued to make significant progress and is now in the final stages of construction and commissioning. First ore has been fed to the processing facility's crushing circuits. Full handover of the crushing circuit from commissioning to the operations team is expected within the next few weeks. Mining operations in the open pit have commenced in the quarter. The production drilling and blasting contractor and explosives contractor are established at Blackwater, with the Company performing its initial open pit blasts as planned. The 225kV renewable grid power line and substation has been successfully commissioned and is now feeding the Blackwater site as planned. With the 25kV site-wide power reticulation almost complete, the Company expects to gradually shut down and demobilize the diesel power generation units across the site before the end of 2024. The tailings storage facility construction activity is complete and the TSF is ready for production as planned. The Company expects to feed first ore to the ball mill in the next few weeks and continues to target first gold pour before year end. The project remains fully funded. Board Change • Oct 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Dale Andres was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 10
Artemis Gold Provides Update on Progress At Blackwater Mine Artemis Gold Inc. provides an update on progress at the Blackwater Mine. At September 30, 2024, overall construction of the Blackwater Mine was over 95% complete, the project is fully funded, and first gold pour is targeted for late Fourth Quarter 2024. The 135-kilometre long 225kV transmission line between the Blackwater Mine and BC Hydro's Glenannan substation is complete and was successfully energized with renewable grid power on October 8, 2024. Construction of the Tailings Storage Facility will be complete by the end of October 2024 in advance of commencement of ore commissioning of the plant. The initial mining fleet has been commissioned and pre-stripping of the mine, as well as the construction of haul roads, are well advanced, with first ore expected to be received to the run of mine ("ROM") pad over the course of the next month. In addition, Blackwater's operations camp is complete and has housed operational staff since late Third Quarter 2024. In order to accelerate the commissioning of the process facility to align with the other major construction milestones already achieved, the Company has taken responsibility for plant commissioning from the EPC contractor and will commence owner commissioning and remaining construction activity effective immediately. During the past 17 months, the Blackwater Mine has experienced two separate wildfire events which halted construction at site for a total of approximately one and a half months during the most productive months of the build. This resulted in additional fixed overhead drag on the project, and the benefit of operating cash flows has been deferred by the period of productive construction days lost. Management also invested in certain schedule acceleration initiatives to offset the delays, which have added to the cost of construction. Management has been working diligently on cost savings throughout its construction budget to minimize the impact of the cost drivers. Recent Insider Transactions Derivative • Jun 21
Independent Lead Director exercised options to buy CA$5.7m worth of stock. On the 19th of June, W. Black exercised options to buy 556k shares at a strike price of around CA$1.08, costing a total of CA$600k. This transaction amounted to 58% of their direct individual holding at the time of the trade. Since March 2024, Black has owned 957.64k shares directly. Company insiders have collectively bought CA$1.4m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Jun 09
Independent Director exercised options to buy CA$403k worth of stock. On the 3rd of June, Lisa Ethans exercised options to buy 38k shares at a strike price of around CA$5.23, costing a total of CA$201k. This transaction amounted to 293% of their direct individual holding at the time of the trade. Since June 2023, Lisa's direct individual holding has increased from 13.10k shares to 51.43k. Company insiders have collectively bought CA$1.0m more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • May 22
Artemis Gold Inc., Annual General Meeting, Aug 01, 2024 Artemis Gold Inc., Annual General Meeting, Aug 01, 2024. Location: british columbia, vancouver Canada Major Estimate Revision • May 03
Consensus revenue estimates increase by 26% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$19.1m to CA$24.0m. EPS estimate unchanged from -CA$0.12 at last update. Metals and Mining industry in Canada expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at CA$13.15. Share price fell 5.1% to CA$8.59 over the past week. Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 50% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CA$0.121 to -CA$0.182 per share. Revenue forecast of CA$19.1m unchanged since last update. Metals and Mining industry in Canada expected to see average net income growth of 11% next year. Consensus price target up from CA$12.44 to CA$13.17. Share price rose 6.3% to CA$9.05 over the past week. Annuncio • Apr 26
Artemis Gold Inc. Provides First Quarter Update on Blackwater Mine Construction Progress Artemis Gold Inc. provided an update on first quarter construction progress at the Blackwater Mine in central British Columbia. The project remains fully funded, within the guidance for initial capital expenditure, and on schedule for first gold pour in second half 2024. At March 31, 2024 overall construction was approximately 73% complete, and approximately CAD 523 million of the guided initial capital expenditure of CAD 730 to CAD 750 million had been spent. By the end of first quarter 2024, the Company had entered into contractual commitments for CAD 682 million (or 93% of the lower end of the guided initial capital expenditure). The majority of uncommitted expenditures relate to owners' cost and earthworks associated with mining pre-strip and construction of the tailings storage facility and other civil structures. Construction Update: Mild weather conditions in first quarter 2024 provided good, early access to infrastructure areas at the Blackwater Mine. Construction of major site water management facilities, including the water management pond, the central diversion system and the Davidson Creek diversion, have been completed. Work on the tailings storage facility dam is progressing well. Initial material placement has been successfully achieved, including tying into the surrounding topography, providing for optimal productivity moving into summer. Process Plant: At the end of March 2024, the Sedgman EPC contract work on the processing plant was approximately 84% complete overall, with engineering, design and procurement essentially complete. Process plant construction continues to progress well, particularly within steel erection and conveyor installation. Installation of mechanical equipment within the secondary and tertiary crushing circuits, as well as the screening station, was completed during the quarter. Notable achievements throughout the period included the installation of the ball mill, intensive leach reactor and the regeneration kiln, while installation of the gravity concentrator has commenced. All major tanks have been completed, including pre-leach, carbon-in-leach, and elution, and hydrotesting is underway. Concrete work is nearing completion with most of the major pours now completed including the primary crusher run-of-mine slab, crusher vault and ore stockpile reclaim tunnel. Erection of the reagents and mill buildings are in progress with cladding works planned to commence in April. Electrical and instrumentation activities are scaling up, with the installation of the main electrical room in the crushing circuit area now complete. Transmission Line: During first quarter 2024 the transmission line right-of-way clearing was completed. Construction contracts were awarded, and contractors mobilized to the region. Laydown areas and camp facilities have been established and civil foundation work and structure erection commenced. All electrical conductors have been delivered to site. Poles and hardware deliveries are in progress and sequenced to support the construction schedule. The line is being built in two parts, north and south of the Nechako River. The length of the northern section is approximately 50km and the southern section approximately 80km. Upgrades to the BC Hydro Glenannan substation are progressing to plan. Commissioning planning with BC Hydro is advancing as planned. Work associated with Blackwater's 25kV power distribution network has progressed according to plan with engineering at an issued-for-construction (IFC) level, procurement complete, and most materials on site. Pole foundations are 65% completed and pole erection has commenced. Assembly and commissioning of the owner's mining fleet continues to advance. Two 400-tonne hydraulic backhoe excavators, six 240-tonne rigid frame haul trucks and two large mining front-end loaders are fully assembled. The remainder of the fleet to support initial operations is on site and nearing completion. Additional units will be added to the fleet as operations ramp up. Major Estimate Revision • Mar 29
Consensus revenue estimates decrease by 61% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CA$61.9m to CA$23.9m. EPS estimate unchanged from -CA$0.12 per share at last update. Metals and Mining industry in Canada expected to see average net income growth of 17% next year. Consensus price target down from CA$12.24 to CA$11.98. Share price rose 6.0% to CA$8.12 over the past week. New Risk • Jan 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 33% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$337m free cash flow). Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$14m net loss next year). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Annuncio • Oct 26
Artemis Gold Inc. Provides Third Quarter Update on Blackwater Mine Construction Progress Artemis Gold Inc. provided an update on third quarter construction progress at the Blackwater Mine in central British Columbia. The project remains fully funded, within the guidance for initial capital expenditure, and on schedule for first gold pour in second half 2024. At September 30, 2023, overall construction was 45% complete, and approximately CAD 280 million of the guided initial capital expenditure of CAD 730 to CAD 750 million had been spent. The lag between the spend and percentage of completion is as planned and consistent with a typical project S-curve. Earthworks continued in priority infrastructure areas, with approximately 505 hectares logged and cleared. Over 90% of access roads needed for Phase 1 construction are now operable. Construction of the site water management facilities, including the water management pond and Davidson Creek diversion, is well advanced. Total major works man-hours worked up to September 30, 2023, were more than 440,000 man-hours with a zero LTIFR and an AIFR of 138.97. Process plant construction progressed well on a number of fronts, including the mill building foundation preparation, reagents building, ball mill pedestals, carbon in leach (CIL) tanks, and the primary, secondary, and tertiary crushers structures, as well as the reclaim tunnel civil works. Hydro testing of the first CIL tank has been completed. Construction of the run-of-mine (ROM) wall surpassed 75% complete at the end of September 2023 and is scheduled to be completed by the end of October 2023, with the ROM dump slab civil works scheduled to begin shortly thereafter. The construction fleet has been expanded to include 60- and 100-tonne rigid frame haul trucks and 150-tonne excavators, providing more material movement capability to key areas. Initial deliveries of the owner mining fleet are well advanced, including 400-tonne hydraulic backhoe excavators and three 240-tonne rigid frame haul trucks which have arrived and are in various stages of assembly. Fleet assembly is expected to be sufficiently advanced by year end in preparation for pre-stripping and earthworks support in 2024. The remainder of the fleet to support operations will arrive predominately in the first half of 2024. At the end of September 2023, the Sedgman EPC contract works passed 61% complete overall, with engineering and design over 95% complete. Procurement is 96% complete and progressing toward the conclusion of package awards. Key mechanical equipment packages are in various stages of delivery, including the primary, secondary and tertiary crushers and associated dry screens, while the wet plant vibrating screens, ADR plant, gravity concentrator(s) and intensive leach reactor are all on site. The major ball mill components, including the shell and head segments, are in transit and expected to arrive in October. The electrical machinery control centre fabrication is complete and will undergo factory testing in early fourth quarter 2023. Contracts are being finalized for explosives supply, mine fleet tire supply and the assay laboratory, while proposals for the oxygen plant and water treatment plants are in the final stages of being evaluated. Right-of-way clearing and construction of the 135km 225kV transmission line is scheduled to begin in fourth quarter 2023. With Phase 1 fully funded and 45% complete at the end of September 2023, a study to evaluate the benefits of advancing the Phase 2 expansion earlier than contemplated in the September 2021 Feasibility Study is progressing well. The results of this study are expected to be released in early 2024. Annuncio • Jul 18
Artemis Gold Provides an Update on Impact of the Wildfires in Central B.C. on Blackwater Mine Artemis Gold Inc. provide an update regarding the impact of an uncontrolled wildfire late last week in the Cariboo Regional District in the immediate vicinity of the Company's Blackwater Mine. As previously announced, Artemis Gold took proactive measures to temporarily reduce the number of non-essential staff and contractors early last week and all company staff and contractors are safe and accounted for. The Blackwater Mine site infrastructure remains intact, including the construction camp, process plant area, construction fleet and contractors' fleets. Damage to property has been minimal. The Company is now focused on plans to ramp back up to normal construction activities in the short term,subject to provincial regulation. Artemis Gold does not anticipate this incident will have a material impact on the Blackwater Mine construction schedule, and the Company continues to target first gold pour in H2 2024. Recent Insider Transactions • Jun 22
Independent Director recently bought CA$229k worth of stock On the 19th of June, Dale Andres bought around 50k shares on-market at roughly CA$4.58 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$62m more in shares than they have sold in the last 12 months. Annuncio • Jun 16
Artemis Gold Announces Optimized Phase 1 Development of Blackwater Mine Artemis Gold Inc. announced that as a result of internal engineering analysis, it has committed to additional investments as part of its Phase 1 development of the Blackwater Mine ("Blackwater") in order to facilitate the potential fast-tracking of the Phase 2 expansion. In support of these additional investments, the Company has amended the gold stream agreement with Wheaton Precious Metals Corp. ("Wheaton") which will provide an additional US$40 million (C$54million) in funding at a very low cost of capital. The additional investments during Phase 1 include additional structural steel and increased conveyor belt widths in the crushing circuits, as well as the introduction of variable-speed-drives to the ball mill. Electrical components have also been upgraded to facilitate the Phase 2 requirements and to include optionality in relation to the use of redundancy back-up power sources. Other optimizations include upsizing of the oxygen plant coupled with down-shaft-sparging of oxygen to the pre-leach and carbon-in-leach ("CIL") trains, along with the optimization of the CIL layout in order to facilitate non-intrusive expansion to Phase 2, as well as full conversion of the detoxification process to remove the need for tanker-supplied liquid sulphur dioxide. Annuncio • May 20
Artemis Gold Inc., Annual General Meeting, Aug 10, 2023 Artemis Gold Inc., Annual General Meeting, Aug 10, 2023. Annuncio • May 18
Artemis Gold Inc. Provides Update on Site Activities at Blackwater Mine Artemis Gold Inc. provided an update on activities at the Blackwater Mine site. Overview: Site works continue to progress with over 280 hectares logged and cleared including priority infrastructure areas such as topsoil areas, borrow source locations, the mine haul road network, and water management structures. Where required, the existing road network has been upgraded to allow access for heavy construction equipment to key infrastructure locations. A laydown area has been completed to accommodate the construction fleet, maintenance facilities, and construction offices and will serve as a key staging area for earthworks activities throughout the project construction. The construction camp has been completed, including the installation and commissioning of a wastewater treatment plant, expanding the site capacity to 420 persons. Additional accommodation dormitories are planned to be completed during second quarter of 2023, which will then raise the total camp capacity to in excess of 500 people. Construction Fleet: Key mobile construction equipment has been delivered to site, including excavators, backhoe loaders, compactors, grader, telehandlers, and a fuel and lube truck. Further to the delivery of the owner fleet, additional rental equipment has been mobilized to Blackwater Mine in alignment with the Company's construction plan. The earthworks fleet now contains approximately 35 individual pieces of equipment. Plant Site: Sedgman site mobilization activities continue to progress with the establishment of facilities for subcontractors well advanced. Bulk earthworks at the plant site are nearing completion and handover of the first work fronts has occurred. Detailed excavation for concrete civil works has commenced and the concrete batch plant has been commissioned. First concrete pour in the ball mill foundation has been completed. Reinforcing Steel (rebar) installation has commenced at the ball mill. Engineering and Procurement: As of the end of April 2023, Sedgman had completed approximately 73% of the detailed engineering for the processing plant. Over 90% of the procurement packages have been awarded, including all critical path items. The remaining procurement packages will be awarded in accordance with schedule requirements. Manufacturing of the process buildings is well advanced and initial shipments have started to arrive at the Blackwater Mine site. Other major equipment packages delivered to site to-date include the agitator shafts for the carbon-in-leach (CIL) tanks, as well as reinforcing bar for civil works activity (see photos enclosed). Personnel: The recruitment activities for Blackwater Mine have focused on hiring heavy equipment operators and key personnel for the bulk earthworks activities. Personnel numbers at the Blackwater Mine are increasing and currently there are over 200 staff and contractors working on-site. At the end of the first quarter of 2023, approximately 30% of on-site personnel were women and 31% of on-site personnel identified as Indigenous. Annuncio • May 11
Artemis Gold Inc. Announces Executive Changes Artemis Gold Inc. announced Appointment of Dale Andres as Independent Director in place of retiring Bill Armstrong. Mr. Dale Andres has been appointed to the Board of Directors of Artemis Gold effective immediately, replacing Mr. Bill Armstrong who is retiring from the Board for personal reasons. Mr. Andres has more than 30 years' experience in the resource industry and currently serves as Chief Executive Officer and Director of Gatos Silver Inc. Prior to this, Mr. Andres also enjoyed a distinguished career of increasing seniority within Teck Resources Limited where he served as Senior Vice President, Base Metals, Senior Vice President, Copper, Vice President, Copper Strategy and North American Operations, Vice President, Gold and International Mining, as well as General Manager, Underground Mines. Mr. Andres holds a Bachelor of Science degree in Mining Engineering from Queens University, as well as a Graduate Diploma in Business Administration from the Simon Fraser University. Recent Insider Transactions • Mar 19
COO & President recently bought CA$145k worth of stock On the 16th of March, Jeremy Langford bought around 30k shares on-market at roughly CA$4.80 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jeremy has been a buyer over the last 12 months, purchasing a net total of CA$365k worth in shares. Major Estimate Revision • Jan 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CA$390.0k to CA$500.0k. EPS estimate unchanged from -CA$0.08 at last update. Metals and Mining industry in Canada expected to see average net income decline 11% next year. Consensus price target down from CA$10.05 to CA$9.79. Share price rose 9.4% to CA$4.75 over the past week. Annuncio • Jan 04
Artemis Gold Inc Announces Permitting & Site Works Progress Update Artemis Gold Inc. provides an update on progress toward obtaining its BC Mines Act Permit and advancing site works for the Company's Blackwater project ("Blackwater" or the "Project") in central British Columbia. Site works currently underway include, but are not limited to, the following activities: Logging, clearing and grubbing of the plant site area, and commencement of bulk earthworks, Installation of physical environmental controls, such as rapid infiltration basins and plant site permitter drainage channels; Advancement of the construction camp accommodations, which will expand capacity to support up to 475 on-site personnel; and Prioritized upgrades to selected infrastructure. In the process plant area, tree clearing activities, as well as other clearing and grubbing activities have been completed over the entire 23-hectare plant site footprint. A new contractor laydown area has been stripped, levelled, and graded with cut and fill earthworks well advanced throughout. Earthworks continues on the sediment and erosion control pond. This scope of work is well advanced and on track to be completed before the commencement of major works construction activities. Site levelling, pad preparation and bulk earthworks for the construction camp was completed as planned in Fourth Quarter 2022. Kitchen facilities have been placed with work well advanced. Accommodation module buildings, arctic corridors and gym facilities were all completed prior to end of Fourth Quarter 2022. The construction camp is on-track to be completed prior to the commencement of major works construction activities. The Company is also advancing required upgrades to site which include running buried and surface pipelines from selected water wells, and upgrades to its sewage infrastructure in order to accommodate planned head count capacity at site for major works construction activities. The Company has also completed upgrades to fire suppression, Heating Ventilation and Air Conditioning (HVAC) and associated electrical facilities at site. Major Estimate Revision • Oct 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CA$570.0k to CA$430.0k. EPS estimate increased from -CA$0.13 to -CA$0.08 per share. Metals and Mining industry in Canada expected to see average net income growth of 0.4% next year. Consensus price target down from CA$10.60 to CA$9.91. Share price fell 5.6% to CA$4.07 over the past week. Recent Insider Transactions • Oct 22
Non-Independent Director recently bought CA$60m worth of stock On the 14th of October, Ryan Beedie bought around 13m shares on-market at roughly CA$4.50 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$60m more in shares than they have sold in the last 12 months. Annuncio • Oct 06
Artemis Gold Inc. announced that it expects to receive CAD 175.005 million in funding Artemis Gold Inc. announced that it will issue 19,112,000 common shares at an issue price of CAD 4.50 per share for proceeds of CAD 86,004,000 on bought-deal offering basis and a non-brokered offering consisting of up to 19,778,000 common shares at an issue price of CAD 4.50 for proceeds of CAD 89,001,000 for aggregate gross proceeds of up to CAD 175,005,000 on October 5, 2022. The transaction will include participation from certain management, insiders and shareholders in non-brokered offering. The offering is expected to close on October 14, 2022. The closing of the offering is subject to certain conditions, including but not limited to, the company receiving the approval of the TSX Venture Exchange. Annuncio • Sep 30
Artemis Gold Inc. Announces Commencement of Blackwater Plant Site Earthworks Artemis Gold Inc. announced that the Company has fulfilled all EA conditions required to commence site preparation work at the plant site for the Blackwater project. With the satisfaction of all EA conditions, Artemis has now commenced early works including site clearing, bulk earthworks and sediment/erosion control works to prepare the Blackwater plant site for the start of major works construction activities in First Quarter 2023. Board Change • Jul 31
High number of new directors Independent Director Lisa Ethans was the last director to join the board, commencing their role in 2021. Annuncio • Jul 16
Artemis Gold Inc., Annual General Meeting, Oct 04, 2022 Artemis Gold Inc., Annual General Meeting, Oct 04, 2022. Recent Insider Transactions • Jun 04
Vice President of Capital Markets recently sold CA$276k worth of stock On the 30th of May, Nicholas Campbell sold around 50k shares on-market at roughly CA$5.51 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.2m more than they bought in the last 12 months. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Bill Armstrong is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Mar 13
Vice President of Capital Markets recently sold CA$211k worth of stock On the 10th of March, Nicholas Campbell sold around 30k shares on-market at roughly CA$7.02 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$784k more than they bought in the last 12 months. 
