Q2 2026 Artemis Gold Inc. Earnings Call Transcript
Key Points
- Record production, revenue, and operating cash flow in Q2 2026, with AISC of $955/oz and a 71% margin.
- Inaugural quarterly dividend declared, with plans to increase to $0.08/share in 2027 and target 40% of free cash flow from 2028.
- Phase 1A expansion is 57% complete and on track for commissioning in Q4 2026, adding 33% capacity.
- EP2 major works construction started ahead of schedule, with all long-lead equipment ordered and BC Hydro power assurances secured.
- Strong balance sheet with $879 million in liquidity, and a gold put option strategy to protect cash flows during EP2 construction.
- Phase 1A capital cost increased from $110 million to $120 million due to scope changes, including additional operating spares.
- AISC for 2026 is expected to trend towards the higher end of guidance due to inflationary pressures, including higher oil prices.
- Q2 throughput was below design capacity at an annualized rate of 5.5 million tons, with ongoing issues in the CIL circuit requiring equipment upgrades.
- Grades are expected to temper to around 1.5 g/t in the second half of 2026, potentially reducing production levels.
- Hedge commitments continue to limit exposure to spot gold prices, with a significant portion of sales delivered under mandatory and discretionary hedges at lower prices.
Thank you for standing by. This is the conference operator. Welcome to the Artemis Gold second-quarter 2026 results conference call. As a reminder, all participants are in listen-only mode and the call is being recorded.
(Operator Instructions)
I would now like to turn the conference over to Meg Brown, Vice President, Investor Relations. Please go ahead.
Thank you, Operator. Good morning, everyone, and thank you for joining our Q2 earnings conference call and webcast. Before we begin, I would like to remind everyone that certain statements made on today's call may be forward-looking, and we encourage you to refer to our public filings and disclosures, including the cautionary language in yesterday's news release, for a more detailed discussion of potential risks and uncertainties related to these statements.
I will now hand the call over to Artemis Gold's CEO, Steven Dean. Steven, over to you Dean.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
