The results are in for the first two months of commercial production for Artemis Gold’s (TSXV: ARTG) Blackwater Mine in BC. The company this morning released production results for the first half of the year, demonstrating the scale of the operation.
As of the end of June, Blackwater had produced 63,343 ounces of gold, with production said to be consistent with guidance that is calling for between 190,000 and 230,000 ounces of gold production this year.
Those ounces consist of 34,824 ounces of gold that were produced in May and June, during the post-commercial production period. A further 28,519 ounces were produced from January through April, following the first gold pour earlier this year.
Sponsored · Antimony Resources
Commercial production at Blackwater was declared May 1.
“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,” commented CEO Dale Andres.
Full financial results for the second quarter are to be released August 12 after the close of markets.
Artemis Gold last traded at $25.77 on the TSX Venture.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
