Artemis Gold Announces Record Q2 2026 Production Results
Artemis reported record second-quarter gold output of 74,000 ounces alongside grade and recovery peaks.
Artemis Gold Inc. (ARTG) reported record second-quarter 2026 gold production of 74,063 ounces at its Blackwater Mine, representing a 20% increase quarter-over-quarter. Year-to-date production reached 135,986 ounces, positioning the company on track to meet its full-year guidance of 265,000 to 290,000 ounces.
The mine achieved a record feed grade of 1.86 grams per tonne of gold and a record recovery rate of 92.2%, improvements driven by debottlenecking and process optimization. The Phase 1A expansion, which increases capacity to 8 million tonnes per annum, remains on schedule for commissioning at the end of 2026, while early works for the larger Expanded Phase 2 (EP2) project continue.
No financial or cost figures were included in this production update. Artemis Gold is scheduled to release its second-quarter financial results on August 6, 2026.
Artemis Gold Inc. (ARTG) reported a second-quarter production record, confirming that mill recovery and grade issues from prior quarters have been resolved. The results align with management’s public confidence following the first-quarter shutdown and reflect the seasonal weighting of production toward the second half of the year.
The market had already priced in a recovery, with the stock rising from approximately $30 at the end of June to $32.98 prior to the release. The announcement did not provide new financial or cost data, leaving the key risk of AISC sustainability unaddressed.
Artemis Gold Inc. (ARTG) is a Canadian gold producer operating the 100%-owned Blackwater Mine in British Columbia, which achieved commercial production in May 2025. The mine is a large-scale, open-pit, low-grade operation with a current nameplate capacity of 6 Mtpa. The company is expanding capacity to 8 Mtpa by year-end 2026 (Phase 1A) and ultimately to 21 Mtpa by end-2028 (EP2).
The company holds a 1,490 km² land package with exploration upside, supported by a $15–20M 2026 exploration budget targeting resource extensions and regional discoveries. Additional value drivers include by-product silver credits and a potential Phase 3 expansion beyond 21 Mtpa.