Artemis Gold Reports Record Financial and Operating Results for Q2 2026
Original announcement by tmx on
- Company
- Artemis Gold Inc.
- Ticker
- ARTG
- Exchange
- TSX
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Production, Metallurgy, Economic study, Other
- Extracted
- 2026-09-17 10:36:59 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Artemis Gold reported record financial and operating results for Q2 2026, including record quarterly gold production of 74,063 ounces, record gold grade of 1.86 g/t, and record gold recoveries of 92.2%. The company achieved strong cash flows and adjusted EBITDA, while managing higher all-in sustaining costs compared to the prior year. Significant capital expenditures are underway for the Phase 1A and EP2 expansion projects at the Blackwater Mine, which are progressing on schedule and budget to increase throughput capacity.
Reasoning: The company reported record Q2 2026 operating results, including gold production, grade, and recoveries, alongside strong financial performance and significant progress on its Blackwater Mine expansion projects.
Positive factors
- record production
- record grades
- record recoveries
- strong cash flow
- strong margins
- higher realized gold prices
- progress on expansion projects (Phase 1A and EP2) on schedule and budget
- low capital intensity for Phase 1A
- significant future capacity expansion
- active exploration program
Negative factors
- higher AISC and cash costs compared to prior period
- increased strip ratio
- decreased AISC margin percentage
Facts used in scoring: 47
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Metallurgical Results (2)
Fact 1Blackwater Mine · goldRecovery: 92.2 %View all detailsHide details
Identity
- Project
- Blackwater Mine
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ARTG
Test Work
- Processing Route
- mill_cil
Recovery
- Recovery
- 92.2 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-06T00:00:00.000Z
Reasoning: Achieved record gold recoveries of 92.2% in the mill, up from 84.0% in Q2 2025, due to process optimization and improved ore characteristics.
Positive factors
- record quarterly recoveries
- process optimization
- improved ore characteristics
Evidence · table
“92.2 %”
Context: Gold recoveries
Fact 2Blackwater Mine · goldRecovery: 91.5 %View all detailsHide details
Identity
- Project
- Blackwater Mine
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ARTG
Test Work
- Processing Route
- mill_cil
Recovery
- Recovery
- 91.5 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-06T00:00:00.000Z
Reasoning: Achieved high gold recoveries of 91.5% year-to-date.
Positive factors
- high gold recoveries year-to-date
Evidence · table
“91.5 %”
Context: Gold recoveries
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.