Artemis Gold Posts Record Q2 Production as Blackwater Mine Expands
Event summary
- Artemis Gold produced a record 74,063 ounces of gold in Q2 2026, up 20% from Q1.
- Blackwater Mine processed 1.34 million tonnes with feed grades averaging 1.86 g/t and recoveries at 92.2%.
- Phase 1A expansion on track for year-end commissioning, targeting 33% throughput increase to 8 Mtpa.
- Expanded Phase 2 project aims to triple processing capacity by end of 2028.
The big picture
Artemis Gold's record Q2 production underscores its aggressive expansion strategy, positioning it to more than triple processing capacity by 2028. The company is leveraging operational optimizations at Blackwater Mine to drive growth, aligning with broader industry trends of scaling up existing assets in response to robust gold demand.
What we're watching
- Execution Risk
- Whether Artemis can sustain current production growth rates through expansion phases.
- Market Dynamics
- How sustained gold demand and prices will impact the economic viability of Blackwater Mine.
- Operational Efficiency
- The pace at which debottlenecking projects improve plant throughput and reliability.
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