Wildfires in Western Canada are seemingly impacting more than just oil operators. Artemis Gold (TSXV: ARTG) this morning indicated that is has reduced construction activity at its flagship Blackwater Mine amid a wildfire threat in the region.
The company this morning stated that it has proactively removed all non-essential staff and contractors from site as of yesterday, while essential staff remain on site.
Full-scale construction is expected to resume “within the short term.”
The Blackwater Mine project is a tier 1 gold mine that boasts gold reserves in excess of 8.0 million ounces. As of the end of March, construction of phase one of the project was 73% complete, with the first gold pour scheduled to occur in the second half of 2024.
Artemis Gold last traded at $11.40 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
