The Globe and Mail reports in its Wednesday, Aug. 20, edition that RBC Dominion Securities analyst Harrison Reynolds has reaffirmed is "outperform" recommendation for Artemis Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Reynolds gave his share target a $4 boost to $38. Analysts on average target the shares at $32.13. Mr. Reynolds notes that Artemis Gold's early production at the Blackwater mine is progressing as planned, with expectations for continued ramp-up and strong margins. A decision to optimize or expand the plant by year-end could drive additional value. In a report released Tuesday, Mr. Reynolds thinks initial results "screen well with throughput outperforming design rates while grades and recoveries are showing month-over-month improvement." Mr. Reynolds says in a note: "Optionality is the name of the game when it comes to expansion scenarios: Management plans to deliver an update on a potential plant expansion by Q4 which we expect to be a key catalyst to unlock further value at Blackwater. The 2024 expansion study outlined an accelerated path to more than 500koz/year with Phase 2 in Year 3 and Phase 3 in year seven to maintain production levels at the lower grade profile."