Artemis Gold Inc V.ARTG

Alternate Symbol(s): ARGTF

Metals & Mining Gold

Artemis Gold Inc. is a Canada-based gold development company. The Company is engaged in identifying, acquiring, and developing gold projects in mining-friendly jurisdictions. The Company operates through a single segment: the exploration and development of mineral properties. The Company is focused on the development of the Blackwater Gold Project (Blackwater Project) in central British Columbia. The Project is situated in central British Columbia, approximately 160 kilometers (km) southwest of Prince George and 446 km northeast of Vancouver. The Company has 100% interest in 328 mineral claims covering an area of 148,688 hectares (ha) distributed among the Property and the Capoose, Auro, Key, Parlane and RJK claim blocks. The Company also holds interest in Velocity Minerals Ltd.

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Artemis Gold Inc > about the Oct.24 News release:

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Post by geolteacheron Oct 25, 2023 5:15pm

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Post# 35700997

about the Oct.24 News release:

I like what I see in the news release. Hopefully I'm not naive.

Any thoughts?

DERISKING. "Procurement is 96% complete."
HEDGING. "the Company has entered into gold forward sales agreements to deliver 190,000 ounces of gold bullion between March 2025 and December 2027 at a weighted average sales price of C$2,851 per gold ounce, which is more than 40% higher than the gold price assumption in the September 2021 Feasibility Study."
ACCELERATING the PHASE 2 EXPANSION. "a study to evaluate the benefits of advancing the Phase 2 expansion earlier than contemplated in the September 2021 Feasibility Study is progressing well. The results of this study are expected to be released in early 2024."
COSTS are ON TRACK. "To date,...the project remains within our guidance for initial capital expenditure and on track for first gold in H2 2024 as planned."