• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Why Artemis Gold (TSXV:ARTG) Is Up 11.6% After Deep Blackwater Drill Intercepts Reveal Multi‑Metal Potential

    Simply Wall St·08/25/2026 02:23:44
    Listen to the news
    • In August 2026, Artemis Gold reported early results from its 2026 resource expansion program at the Blackwater deposit, including long mineralized intercepts such as 259 metres at 1.22g/t gold from 309 metres downhole and 191 metres at 0.95g/t gold from 163 metres downhole.
    • The company also highlighted multiple zones of gold, silver, and base metals extending below the current reserve pit and mobilized a third drill rig, underlining the emerging scale and multi-metal potential of the Blackwater system.
    • We’ll now explore how these deep, mineralized drill intercepts at Blackwater may influence Artemis Gold’s existing investment narrative and future potential.

    AI is about to change healthcare. These 7 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

    Artemis Gold Investment Narrative Recap

    To own Artemis Gold today, you have to believe Blackwater can keep running reliably while expansions and exploration are layered on without eroding returns. The deep, mineralized intercepts from the 2026 resource expansion program are encouraging for long term scale, but they do not meaningfully change the near term focus on delivering Phase 1A and managing risks around mill performance, costs, and the single asset exposure at Blackwater.

    The most relevant recent announcement is the August 4 update confirming Phase 1A remains on schedule for Q4 2026 commissioning, lifting plant capacity from 6 to 8 million tonnes per year. When you put that near term throughput growth beside the new deep drill results, you get a clearer picture of how Artemis is trying to balance immediate cash flow catalysts with longer term resource upside at the same site.

    Yet, against all this apparent progress, investors should still be aware of how dependent the story remains on a single operation and complex multi phase expansions...

    Read the full narrative on Artemis Gold (it's free!)

    Artemis Gold's narrative projects CA$2.5 billion revenue and CA$1.7 billion earnings by 2029. This requires 21.7% yearly revenue growth and about a CA$1.1 billion earnings increase from CA$557.6 million today.

    Uncover how Artemis Gold's forecasts yield a CA$51.83 fair value, a 19% upside to its current price.

    Exploring Other Perspectives

    TSXV:ARTG 1-Year Stock Price Chart
    TSXV:ARTG 1-Year Stock Price Chart

    Compared with the consensus view, the most optimistic analysts were already assuming revenue could reach about CA$3.0 billion and earnings CA$1.7 billion, so this deeper drilling and the risk that mine plan updates might not support those volumes highlight just how differently you and those analysts might interpret the same data and why it is worth weighing several viewpoints before deciding what this news could mean for Artemis.

    Explore 5 other fair value estimates on Artemis Gold - why the stock might be worth over 8x more than the current price!

    Reach Your Own Conclusion

    Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

    Contemplating Other Strategies?

    Right now could be the best entry point. These picks are fresh from our daily scans. Don't delay:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.