Canada's Artemis Gold Q4 revenue misses expectations

Overview

• Canada gold producer's Q4 revenue missed analyst expectations

• Adjusted EPS for Q4 was $0.61

• Company announced EP2 expansion to increase processing capacity by 2028

Outlook

• Company expects 2026 gold production of 265,000-290,000 ounces

• Artemis Gold sees 2026 AISC at $925-$1,025 per ounce

• Company plans C$670-C$745 mln growth capital funded from operating cash flow

Result Drivers

• LOW AISC - Artemis Gold reported a low all-in sustaining cost of $925 per ounce in Q4, contributing to strong margins

• HIGHER REAGENT COSTS - Increase in AISC due to higher reagent consumption and costs, as well as maintenance expenses

• EXPANSION PROJECTS - Advancing Phase 1A and EP2 expansions to increase processing capacity and production

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for Artemis Gold Inc is C$50.75, about 34% above its February 18 closing price of C$37.88

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nCNWV9YyFa

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