• Artemis Gold published its MD&A for Q1 2026, reporting Blackwater output of 61,923 oz of gold from 1.32 million tonnes milled at 1.59 g/t, with gold recovery rising to a record 90.6%.
• All-in sustaining cost came in at US$ 1,090/oz sold, above 2026 guidance of US$ 925-US$ 1,025, reflecting a seven-day unplanned shutdown tied to a ball mill gearbox failure.
• Phase 1A expansion reached 34% completion, with processing capacity targeted to rise to 8 Mtpa by end-Q4 2026.
• EP2 early works started in January, with major works construction scheduled to begin in Q3 2026; project targets 21 Mtpa capacity before end-2028, with expected average production of 500,000-525,000 oz/year for first 10 full years at AISC of about US$ 1,000-US$ 1,100/oz.
• Full-year 2026 outlook maintained at 265,000-290,000 oz of gold at AISC of US$ 925-US$ 1,025/oz sold; total 2026 growth capital forecast at CAD$ 670-CAD$ 745 million, including CAD$ 95-CAD$ 100 million for Phase 1A, CAD$ 385-CAD$ 435 million for EP2, CAD$ 190-CAD$ 210 million for other expansion capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Artemis Gold Inc. published the original content used to generate this news brief on May 06, 2026, and is solely responsible for the information contained therein.