Artemis Gold Announces Strong Q3 2025 Financial and Operational Performance and Revises Cost Projections
Financial Performance: Artemis Gold Inc. reported strong financial results for Q3 2025, with gold production of 60,985 ounces and revenue of $308.1 million, resulting in an adjusted net income of $141.7 million or $0.59 per share.
Operational Efficiency: The company achieved a mill throughput rate of 16,618 tonnes per day, exceeding design capacity, and maintained an all-in sustaining cost (AISC) of US$840 per ounce sold, with a margin of 72% of cash revenue.
Expansion Plans: Artemis Gold commenced construction of a Phase 1A expansion to increase processing capacity by 33% and secured a $700 million credit facility to refinance existing debt and support growth initiatives.
Outlook and Guidance: The company expects to produce between 190,000-230,000 ounces of gold in FY2025, with revised AISC guidance of US$825-US$875 per ounce, while continuing to focus on optimizing operations and reducing costs.
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