Added to YB: 2025-09-09
Pitch date: 2025-09-08
ARTG.V [bullish]
Artemis Gold Inc.
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Artemis Gold Inc. engages in the identification, acquisition, and development of gold properties in Canada.
Market Cap
CAD 8.2B
Pitch Price
N/A
Price Target
38.00
Dividend
N/A
EV/EBITDA
10.01
P/E
18.18
EV/Sales
7.28
Sector
Metals and Mining
Category
value
Artemis Gold - Equity Research Report
ARTG.V: First gold poured Jan '25, commercial prod May '25, plant hitting above-nameplate. H2 guide 130-160koz, Q4 exit run-rate ~291koz. Secured C$700M revolver. Phase 2 decision Q4: accelerate (15→25Mtpa, NAV high-30s) or upsize (20Mtpa, NAV mid-40s). Lowest AISC vs peers, top margin profile. Base PT C$38 (34% upside), range to C$50. At US$3k gold→C$42, US$3.4k→C$48. Risks: ramp variability, single-asset, cost inflation, contractor legal overhang.
Read full article (6 min)