Artemis Gold Announces Results of Expansion Study Study outlines opportunity to accelerate expansion; advancing a Tier 1 asset
All amounts in Canadian dollars except where otherwise noted
- After-tax NPV of C$3.25 billion at long-term gold price of US$1,800 per ounce ("oz"), after taking into account repayment of Phase 1 Project Loan Facility ("PLF"), as well as the effect of the gold and silver streams
- Greater than 500,000 gold equivalent ("AuEq") oz average annual production for first 10 years
- Average all-in sustaining costs ("AISC") of US$712/oz gold for first 10 years, placing Blackwater in lowest decile of the global cost curve for gold mines
- Average annual free cash flow of approximately C$500 million for first 10 years
- Potential for mine life extension
VANCOUVER, BC, Feb. 21, 2024 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis Gold" or the "Company") announces the results of an expansion study for the Blackwater Mine in Central British Columbia. Blackwater is a world-class, large-scale advanced development project in a tier-one mining jurisdiction.
Artemis Gold Announces Results of Expansion Study for Blackwater Mine (newswire.ca)