Q3 2025 Artemis Gold Inc Earnings Call Transcript
Key Points
- Artemis Gold Inc (ARGTF) reported a strong operating and financial performance in its first full quarter of operations since declaring commercial production.
- The company produced 60,985 ounces of gold at an all-in sustaining cost of $840 per ounce, resulting in a high margin of $2,374 per ounce sold.
- The mine and mill operated above design capacity, with mill throughput rates reaching 105% in August and September.
- Artemis Gold Inc (ARGTF) achieved a major safety milestone with over 6 million hours worked without a lost time incident.
- The company is in a strong financial position with a total liquidity of $317 million, including $75 million in cash and $242 million undrawn on a corporate revolver.
- Higher than anticipated costs were incurred due to increased reagent consumption and plant maintenance costs.
- The company expects to come in at the lower half of its full-year production guidance due to higher mill downtime and lower than planned recoveries.
- Revised cost guidance increased to $825-$875 per ounce, up from the previous $670-$770, due to lower sales and higher unit costs.
- Unplanned downtime in the mill was higher than expected, impacting the company's ability to achieve its throughput targets.
- Higher capital expenditures were required for tailings dam construction and ore stockpile, exceeding initial budget expectations.
Welcome to the Artemis Gold 3rd quarter 2025 results conference call. As a reminder, all participants are in a listen-only mode, and the conference is being recorded.
After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press, then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing and then 0.
I would now like to turn the conference over to Meg Brown, Vice President, Investor relations. Please go ahead, ma'am.
Thank you, operator. Good morning, everyone, and welcome.
Thank you for joining our Q3 earnings conference call and webcast. It's an exciting milestone and a transformational time for Artemis Gold as we report our first full quarter of operations since declaring commercial production in May.
Before we begin, I would like to remind everyone that certain statements made on today's call may be forward-looking, and we encourage
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