Northwire Canada EditionTuesday, November 10, 2026
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Production / Operations

Artemis Gold shuts down mill at Blackwater

By The Northwire Desk — AI Analysis Mar 12, 2026 · 19:06 ARTG · 39.60 Artemis Gold Inc.
ARTG · Price

Executive Summary

  • Artemis Gold Inc. is experiencing an unplanned mill shutdown at its Blackwater mine due to a ball mill gearbox failure on March 11, 2026.
  • A replacement spare gearbox is available, with repairs and mill restart estimated to take 8 to 10 days.
  • First quarter 2026 production will be lower than anticipated, but the company is not revising its full-year guidance of 265,000 to 290,000 ounces of gold while evaluating plans to offset the shortfall.

Key Details

  • Failure Date: March 11, 2026
  • Equipment Failure: Ball mill gearbox failure at the Blackwater mine
  • Repair Timeline: Estimated 8 to 10 days to complete repairs and restart mill operations
  • Spare Parts: Suitable replacement spare gearbox is available on-site
  • Mining Operations: Mining-related activities continue normally during the milling outage
  • Maintenance Utilization: Downtime will be used to carry out various maintenance activities originally planned for early Q2 2026
  • Q1 2026 Production Impact: Expected to be lower than originally anticipated as a direct result of the mill outage
  • Full-Year Production Guidance: Not currently revised; remains at 265,000 to 290,000 ounces of gold
  • Recovery Strategy: Company is evaluating operational plans to make up for the Q1 production shortfall caused by the unplanned event
Read the original news release →

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