Project remains fully funded, on schedule, approximately 73% complete, within guidance for initial capital expenditure, and is advancing operational readiness TSXV: ARTG
Artemis Gold Inc. provides an update on Q1 construction progress at the Blackwater Mine in central British Columbia. The project remains fully funded, within the guidance for initial capital expenditure, and on schedule for first gold pour in H2 2024. At March 31, 2024 overall construction was approximately 73% complete, and approximately C$523 million of the guided initial capital expenditure of C$730 to C$750 million had been spent. By the end of Q1 2024, the Company had entered into contractual commitments for C$682 million . The majority of uncommitted expenditures relate to owners' cost and earthworks as...