The Globe and Mail reports in its Friday edition that RBC Dominion Securities analyst Michael Siperco continues to rate Artemis Gold "outperform. The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco's share target soared by $8 to $28. Analysts on average target the shares at $25.11. The Globe says Mr. Siperco sees Artemis Gold as "a top-tier emerging producer with significant scale and growth potential in a secure jurisdiction, which lends itself to strategic value and takeout potential." Mr. Siperco says in a note: "Artemis achieved commercial production at Blackwater three months after the January first pour. Throughput has progressed well with the mill operating above capacity (16.8ktpd [thousand tonnes per day] last two weeks), and grade reconciliation progressing to plan according to management. 2025 guidance was set at 190-230koz (200koz RBCe), including 30koz pre-commercial output while H2/25 guidance is 130-160koz at AISC of $645 (U.S.) to 725 (U.S.)/oz. These results surpassed both our prior forecasts and consensus resulting in upward revisions to our estimates as our model previously assumed a more conservative ramp-up. Accelerated development plan could unlock additional value."
© 2025 Canjex Publishing Ltd. All rights reserved.