TSXV: ARTG Project Remains Fully Funded, Within Guidance for Initial Capital Expenditure, and on Schedule
Artemis Gold Inc. provides an update on Q4 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 December 31, 2023, overall construction was 59% complete, and approximately C$389 million of the guided initial capital expenditure of C$730 to C$750 million had been spent. The lag between the spend and percentage of completion is as planned and consistent with a typical project S-curve. By the end of Q4 2023, the Company had entered into contractual commitments for C$615 million . The majority of the balance of uncommit...