Canada's Blackwater Gold Mine Achieves Record Q2 Production of 74,063 Ounces

en.Wedoany.com Reported - Artemis Gold Inc. has announced the production results for its Blackwater Mine in central British Columbia for the second quarter of 2026, with gold production reaching a record 74,063 ounces, a 20% increase over the previous quarter.

The key drivers of production growth included higher feed grades, improved gold recovery rates, and increased mill throughput. During the quarter, the mill processed 1.34 million tonnes of ore, with an average feed grade of 1.86 grams per tonne and a record gold recovery rate of 92.2%. Company CEO Dale Andres stated that ongoing process optimization has driven recovery improvements, while debottlenecking and enhancement projects for the crushing, grinding, and leaching circuits are progressing. The focus remains on increasing mill throughput and improving equipment reliability. Year-to-date, the Blackwater Mine has produced a total of 135,986 ounces of gold, positioning it well to achieve its full-year production guidance of 265,000 to 290,000 ounces.

The Phase 1A expansion project is progressing smoothly and remains on track for commissioning by the end of the year. This project will increase the existing mill's annual design throughput by 33% to 8 million tonnes per year. Additionally, the company is advancing early-stage work on the Phase 2 expansion project, which plans to increase annual throughput to 21 million tonnes per year by adding a second, larger processing line by the end of 2028. This will more than triple the current processing capacity and boost annual gold production to over 500,000 ounces.

Complete financial and operating results for the second quarter of 2026 will be released on August 6, 2026.