Artemis Gold Reports Q4 and Full Year 2025 Financial and Operating Results

TSXV: ARTG

• Lowest decile AISC¹ of US$869 per gold oz sold post-commercial production
• EBITDA¹ of $237 million in Q4 2025 and $630 million in full year 2025
• Operating cash flow of $198 million in Q4 2025 and $561 million in full year 2025

(all amounts in Canadian dollars unless otherwise stated)

VANCOUVER, BC, Feb. 18, 2026 /CNW/ – Artemis Gold Inc. (TSXV:ARTG) (“Artemis Gold” or the “Company”) reports financial and operating results for the three- and 12-month periods ended December 31, 2025 (Q4 2025 and full year 2025, respectively). The Company will host a conference call and webcast on February 19, 2026, the details of which are provided below.

Q4 and Full Year 2025 Highlights

• Gold production of 68,480 ounces, bringing full year 2025 gold production to 192,808 ounces
• Q4 sales of 67,852 ounces of gold; gold ounces sold into the spot market attracted an average realized price¹ of US$4,168 per ounce, compared to the LBMA average of US$4,142 per ounce
• Q4 cash costs¹ were US$779 per ounce of gold sold and all-in sustaining costs (“AISC”)¹ were US$925 per ounce of gold sold
• Q4 AISC margin¹ of US$2,297 per ounce of gold sold or approximately 70% of cash revenue
• Q4 revenue was $333.7 million, bringing full year 2025 revenue to $913.9 million
• Q4 cash flow from operating activities of $197.9 million, totalling $560.7 million for the full year
• Q4 adjusted net income¹ of $145.8 million or $0.61 per share on a fully diluted basis, and full year 2025 adjusted net income¹ of $415.6 million or $1.76 per share on a fully diluted basis
• Q4 adjusted EBITDA¹ was $225.5 million, and $610.4 million for the full year
• Construction of Phase 1A expansion advanced, and on track to increase processing capacity to 8Mtpa by end of Q4 2026
• Announced Expanded Phase 2 (“EP2”) expansion decision, a further increase in processing capacity to 21Mtpa by end of Q4 2028
• Closed a $450 million offering of senior unsecured five-year notes at 5.625% to repay outstanding amounts on the revolving credit facility
• At December 31, 2025, cash and equivalents totalled $168.1 million and total available liquidity was $410.1 million. Pro-forma available liquidity, reflecting the $450 million bond offering completed subsequent to year-end, of $852.7 million
• At the end of 2025, 6.5 million hours had been worked without a lost time incident

Artemis Gold CEO Dale Andres commented: “We delivered strong financial performance during the quarter with lowest decile AISC¹ and strong margins and cash flows driven by higher realized gold prices. Mining and milling operations at Blackwater are currently performing well, with issues causing unplanned downtime in Q4 now largely resolved.

“Looking ahead, we continue to execute on our organic growth strategy, advancing construction of the Phase 1A expansion, which is expected to increase mill throughput by 33% by Q4 2026. We are also now advancing the EP2 project which will increase production to more than 500,000 ounces of annual gold production by the end of 2028, transforming Blackwater into one of the three largest single gold mines in Canada.”

Financial and Operating Results

The following tables summarize key operating results and unit analysis for the post-commercial production period of May 1, 2025 to December 31, 2025, as well as select financial information for May and June 2025, Q3 2025 and Q4 2025 and full year 2025. For further information, refer to the Company’s consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com.

Table 1

Full story available on Benzinga.com