Post-Commercial Production For The Blackwater Mine

VANCOUVER – Artemis Gold Inc. reported on the post-commercial production period for the Blackwater Mine in central British Columbia. Commercial production was declared on May 1, 2025, approximately three months following the first gold pour in late January 2025. Up to the end of April 2025, Blackwater produced 28,519 ounces of gold. During the post-commercial production period, Blackwater produced 34,824 ounces of gold in total for the two months of May and June, consistent with guidance. On a year-to-date basis at the end of June 2025, Blackwater produced 63,343 ounces of gold.

CEO, Dale Andres, said, “Achieving commercial production in Q2 marked a major milestone in the development of Blackwater following the first pour of gold in Q1. We have further ramped up operations and are now producing at a steady state, with the mill operating above design capacity in the month of June. Importantly, we have achieved this with over 5 million hours worked without a lost time incident.

Gold production is expected to be weighted to the second half of the year as we continue to optimize mill performance, together with higher feed grades, and we continue to be well positioned to achieve full-year production guidance of 190,000 to 230,000 ounces of gold.”