The Globe and Mail reports in its Thursday, July 18, edition that according to analysts at National Bank Financial a "material" increase in gold and silver prices is likely to translate to higher free cash flow and "trending balance sheet improvements" for Canadian precious metals companies in the second quarter. The Globe's David Leeder writes in the Eye On Equities column that National Bank continues to rank Artemis Gold "outperform." It boosted its share by $2 to $16. Analysts on average target the shares at $14.65. National analyst Don DeMarco says in a note: "FCF inflection on deck with Blackwater development led by an experienced COO, fully financed, on time and on budget, with potential development tailwinds from a mild winter in 2023/24. Attractive economics from LOM production of 339k oz/year over 22 years (DFS Sept. 2021) from a sizable eight mln oz reserve endowment and visibility for elevated F5Y production (500k oz/year) upon accelerating Phase 2. Tier One jurisdiction benefits accentuated as headwinds continue to increase in other jurisdictions and for non-permitted projects universally. Additionally, we flag high insider ownership (38 per cent) and M&A appeal as a single-asset producer."