Artemis Gold Stories Stable Q3 2025 Monetary and Working Outcomes and Updates Price Steerage

• Lowest decile AISC¹ of US$840 per gold ounce bought
• AISC Margin¹ of 72%

(all quantities in Canadian {dollars} except in any other case acknowledged)

VANCOUVER, BC, Nov. 4, 2025  ritish Columbia Artemis Gold Inc. (TSXV: ARTG,OTC:ARGTF) (“Artemis Gold” or the “Firm”) experiences monetary and working outcomes for the three- and nine-month intervals ended September 30, 2025 (Q3 2025 and YTD 2025, respectively). The Firm will host a convention name and webcast on November 5, 2025, the small print of that are offered beneath.

Q3 2025 Highlights

• Mill throughput price of 16,618 tonnes per day or 101% of design capability, and trending increased
• Gold manufacturing of 60,985 ounces, bringing YTD 2025 gold manufacturing to 124,328 ounces
• Gross sales totalled 62,863 ounces of gold at a median realized worth¹ of US$3,489 per ounce
• Money prices¹ had been US$661 per ounce of gold bought and all-in sustaining prices (AISC¹) had been US$840 per ounce of gold bought
• AISC margin¹ of US$2,374 per ounce of gold bought or 72% of money income
• Income was $308.1 million
• Money circulate from working actions of $163.7 million
• Adjusted web revenue totalled $141.7 million or $0.59 per share on a completely diluted foundation
• Adjusted EBITDA¹ was $211.4 million
• Commenced building of Part 1A enlargement, a capital environment friendly 33% improve in processing plant design capability
• Organized a $700 million underwritten credit score facility to refinance present long-term debt with a drawdown of $458 million on the ability within the quarter
• At September 30, 2025, money and equivalents totalled $75.3 million after debt repayments of $67 million within the quarter, and whole obtainable liquidity was $317.3 million
• On the finish of September 2025, six million hours had been labored with out a misplaced time incident

Artemis Gold CEO Dale Andres commented: “We delivered sturdy monetary efficiency in the course of the quarter with lowest decile AISC¹ and elevated margins pushed by increased realized gold costs. Our Q3 AISC margin¹ of 72% of money income is among the many highest within the {industry} and we’re producing sturdy EBITDA¹ and regular money flows to fund future development. Mining and milling operations at Blackwater carried out strongly, and above design capability within the first full working quarter after declaring business manufacturing in Could 2025. We’re happy at how the operations staff has been capable of improve the mining and milling capacities past nameplate in such a brief interval.

“Trying forward, we’re persevering with to optimize plant and value efficiency, and we anticipate a robust end to the yr with elevated mill throughput and better feed grades along with the present sturdy gold costs. We proceed to execute on our natural development technique, lately commencing a regional exploration drill program on our potential 1,500 sq. kilometre land package deal and advancing building of the Part 1A enlargement, which is anticipated to extend mill throughput by 33% by This autumn 2026. We’re additionally nearing completion of the front-end engineering and design work for an optimized and accelerated Part 2 enlargement, with an funding determination anticipated earlier than the tip of the yr.”

Monetary and Working Outcomes

The next tables summarize key working statistics and unit evaluation for the post-commercial manufacturing interval of Could 1, 2025 to September 30, 2025, in addition to choose monetary info for Q3 2025 and YTD 2025. For additional info, seek advice from the Firm’s unaudited condensed consolidated interim monetary statements and Administration’s Dialogue and Evaluation (“MD&A”) filed on SEDAR+ at www.sedarplus.com.

Desk 1

Gold manufacturing totalled 60,985 ounces in Q3 2025, 95,809 ounces for the post-commercial manufacturing interval and 124,328 ounces YTD 2025.  Mill throughput was 101% of design capability in Q3 2025, and mill feed grade averaged 1.48 g/t gold, 10% increased than in Could and June 2025. As deliberate, manufacturing for the yr is weighted towards This autumn 2025, with increased mill throughput charges and feed grades anticipated. Gross sales totalled 62,863 ounces of gold at a median realized worth of US$3,489 per ounce for Q3 2025.

Mining operations continued to trace to plan, with whole tonnes mined in Q3 2025 rising by 57% in comparison with Could and June 2025. The Firm continued to see beneficial grade management reconciliation in the course of the quarter, with the conversion of fabric beforehand labeled as waste into low- and medium-grade ore. Building waste materials was mined to assist tailings storage facility and building of an expanded ore stockpile pad, and to entry higher-grade ore scheduled for processing in This autumn 2025 and 2026.

Milling operations continued to carry out strongly by way of Q3 2025 and mill throughput remained above design capability regardless of a deliberate three-day shutdown in July, reflecting the effectiveness of ongoing optimization efforts. For August and September 2025, the mill operated at a median price of 17,248 tonnes per day or 5% above design capability. Gold restoration within the mill improved to roughly 87% within the final two months of the quarter supported by the implementation of a mill feed mixing technique. In October, the provision of the processing plant was roughly 80% primarily on account of a deliberate four-day shutdown to finish the primary full re-line of the ball mill.  On November 1, one of many ball mill motors failed and was changed, which prompted two days of unplanned mill downtime. The plant is presently working properly, and a robust end to the yr is anticipated. The Firm continues to deal with lowering variability and additional bettering mill throughput and availability, with a goal to attain 10% above design capability on a sustainable foundation by the tip of This autumn 2025.

The rise in AISC from US$805 per ounce of gold bought in Could and June 2025 to US$840 per ounce of gold bought in Q3 2025 was predominantly on account of a relative lower within the silver by-product credit score. The by-product credit score decreased from US$94 per gold ounce bought in Could and June 2025 to US$63 per ounce of gold bought in Q3 2025 as a bigger proportion of silver ounces had been delivered into the stream somewhat than the spot market throughout Q3 2025, in comparison with Could and June 2025. As well as, sustaining lease funds added US$64 per ounce of gold bought to AISC in Q3 2025. These elements had been partly offset by the next proportion of mining prices being allotted to stock because the Firm mined and stockpiled the next proportion of medium-grade ore in the course of the present quarter.

AISC for Q3 2025 was increased than the unique steerage vary, primarily on account of elevated reagent consumption related to each ongoing circuit optimization and the processing of ore with transitional ore traits that required increased reagent dosages to assist restoration efficiency, in addition to increased than deliberate reagent unit prices. The rise additionally mirrored increased plant upkeep prices, because the Firm corrected for plenty of design and building deficiencies in the course of the quarter, together with in the course of the deliberate three-day shutdown in July. As well as, share-based funds included in AISC have been increased than deliberate because of the appreciation within the Firm’s share worth since reaching business manufacturing. The AISC margin was US$2,374 per gold ounce bought in the course of the quarter, a 12% improve in comparison with Could and June 2025.

The next info is derived from the Firm’s unaudited Interim Monetary Statements ready in accordance with IFRS Accounting Requirements relevant to interim monetary reporting together with IAS 34. Internet revenue (loss) per share is calculated utilizing the weighted common variety of shares excellent on a fundamental and diluted foundation as decided below IFRS.

Desk 2

The Firm generated income of $308.1 million and $580.2 million in Q3 2025 and YTD 2025, respectively, primarily from gross sales of gold and silver on the Blackwater Mine. Manufacturing prices had been $65.9 million and $129.8 million in Q3 2025 and YTD 2025, respectively.

Throughout Q3 2025, the Firm generated web revenue of $110.9 million or $0.48 fundamental earnings per share, in comparison with a lack of $10.3 million or $0.05 loss per share in Q3 2024 throughout building. Adjusted web revenue was $141.7 million or $0.61 adjusted fundamental earnings per share in Q3 2025 in comparison with an adjusted lack of $4.5 million or $0.02 adjusted loss per share in Q3 2024. Equally, throughout YTD 2025, the Firm generated web revenue of $215.7 million or $0.94 fundamental earnings per share, in comparison with a web lack of $22.7 million or a loss per share of $0.11 in YTD 2024. Adjusted web revenue was $269.3 million for the YTD 2025 interval or $1.18 adjusted fundamental earnings per share in comparison with an adjusted lack of $13.9 million or $0.07 adjusted loss per share in YTD 2024.

EBITDA for Q3 2025 totalled $218.0 million, whereas adjusted EBITDA amounted to $211.4 million. In the course of the comparative interval, the Firm had EBITDA of unfavorable $10.2 million and adjusted EBITDA of unfavorable $4.4 million. YTD 2025, EBITDA and adjusted EBITDA totalled $393.3 million and $384.9 million, respectively, in comparison with EBITDA and adjusted EBITDA of unfavorable $22.3 million and $13.6 million in YTD 2024.

Money circulate from working actions was $163.7 million for Q3 2025 and $362.8 million YTD 2025, in comparison with unfavorable $1.3 million and unfavorable $7.4 million in the course of the respective comparative intervals in 2024. 

Part 1 deferred development capital expenditures for the quarter totalled $80.6 million together with ongoing rectification works of the processing plant and related infrastructure on account of design points, a 15-metre carry of the tailings storage facility (TSF), ore stockpile enlargement and finishing varied water administration initiatives. The price of ongoing rectification works will kind a part of the Firm’s counterclaim in opposition to its former EPC contractor.

Increased than deliberate prices on the TSF and the stockpile had been associated and a results of the beforehand famous beneficial grade management reconciliations and suitability of fill materials. The reclassification of waste to low- and medium-grade ore necessitated an accelerated enlargement of the stockpile but in addition decreased the provision of coarse fill materials for the TSF. Moreover, low permeability fill, required for each the stockpile and the TSF building, was not capable of be totally provided from the lively mining space and higher-cost borrow pits had been utilized to keep up the TSF building schedule. The borrow materials was predominantly taken from areas which might be pre-strip for future pit phases (offering extra flexibility for future development plans) or inside the TSF footprint to broaden final tailings capability. An extra ancillary good thing about the beneficial grade management reconciliation is that fewer tonnes of waste rock materials might be deposited contained in the TSF, leading to extra capability obtainable to retailer future tailings.

At September 30, 2025, money and equivalents totalled $75.3 million. Together with the undrawn portion of the credit score facility of $242 million, whole obtainable liquidity on the finish of Q3 2025 was $317.3 million.

Company Updates

On September 15, 2025, the Firm introduced plans to improve the present Blackwater Mine processing plant (“Part 1”), rising nameplate capability by 33% from 6 million tonnes per yr (“Mtpa”) to eight Mtpa by This autumn 2026 (“Part 1A”). The Firm estimates that Part 1A might be accomplished at a capital value of $100–$110 million; an industry-low capital depth of $50–$55 per extra annual tonne of processing capability.

On September 26, 2025, the Firm closed a $700 million underwritten credit score facility to refinance present long-term debt and supply extra flexibility to assist near-term enlargement choices. The long-term debt was retired with a drawdown of $458 million on the ability.

In October 2025, the Firm introduced the additions of Tony Scott as Chief Enterprise Improvement Officer and James Woeller as Vice President Enterprise Improvement and Enchancment and introduced the graduation of a regional exploration drill program on its roughly 1,500 sq. kilometre land package deal in central British Columbia.

The Firm is nearing completion of the front-end engineering and design work on an accelerated and bigger Part 2 enlargement venture, and an funding determination is anticipated earlier than the tip of 2025. Orders have been positioned for brand spanking new 18MW SAG and ball mills which considerably de-risks the development schedule. Discussions with BC Hydro on energy provide and updates to the mine plan and tailings dam building schedule are advancing. Within the present proposed schedule, early works on the Part 2 venture are anticipated to begin in January 2026, with full building to begin in Q2 2026.

Outlook

The Firm’s authentic manufacturing steerage for FY2025 of 190,000-230,000 ounces of gold produced is maintained. Primarily based on year-to-date manufacturing by way of the third quarter, the Firm expects to attain steerage within the decrease half of that vary. That is primarily on account of increased than anticipated mill downtime because the Firm continued to uncover and proper deficiencies related to the design and building work by its former EPC contractor, along with decrease than initially deliberate recoveries. Recoveries in This autumn 2025 are anticipated to be just like August and September at round 87%, and however the extra mill downtime skilled with the ball mill motor change in November, increased than design mill throughput charges are nonetheless anticipated in November and December.

The Firm now expects AISC of US$825–US$875 per gold ounce bought in the course of the post-commercial manufacturing interval, in comparison with earlier AISC steerage of US$670–US$770 per gold ounce bought in the course of the post-commercial manufacturing interval. The rise in value steerage is primarily on account of manufacturing now anticipated within the decrease half of the steerage vary, along with elevated reagent consumption within the mill, increased reagent prices and better upkeep prices. Money prices are anticipated to lower in 2026 as optimization efforts progress and as recognized deficiencies are corrected.

The revised value steerage continues to put Blackwater within the lowest decile of the worldwide value curve with sturdy margins within the present gold worth setting.

Convention Name and Webcast Particulars

Artemis Gold will host a convention name and webcast on Wednesday, November 5, 2025 at 8.00am PDT (11.00am EDT).

Convention name

Toll-free in Canada and the US: 1-833-752-3746
Worldwide: +1-647-846-8723

Webcast:  https://occasion.choruscall.com/mediaframe/webcast.html?webcastid=SLicYdpN

The webcast might be obtainable for replay on the Firm’s web site at www.artemisgoldinc.com till February 5, 2026.

About Artemis Gold

Artemis Gold is a well-financed, growth-oriented gold and silver producer and growth firm with a robust monetary capability aimed toward creating shareholder worth by way of the identification, acquisition, and growth of gold properties in mining-friendly jurisdictions. The Firm’s main focus is the operation and additional growth of the Blackwater Mine in central British Columbia roughly 160km southwest of Prince George and 450 kilometres northeast of Vancouver. The primary gold and silver pour at Blackwater was achieved in January 2025 and business manufacturing was declared on Could 1, 2025. Artemis Gold trades on the TSX-V below the image ARTG and the OTCQX below the image ARGTF. For extra info go to www.artemisgoldinc.com.

Certified Individual

Artemis Gold Vice President, Technical Providers Alastair Tiver, P. Eng., a Certified Individual as outlined by Nationwide Instrument 43-101, has reviewed and accredited the scientific and technical info on this press launch.

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this information launch.

Non-IFRS Measures

This press launch refers to sure monetary measures, akin to common realized gold worth per oz bought, EBITDA, adjusted EBITDA, money value per oz bought, all-in sustaining value (“AISC”), AISC margin, sustaining and development capital expenditures, which aren’t measures acknowledged below IFRS and wouldn’t have a standardized that means prescribed by IFRS.  These measures have been derived from the Firm’s monetary statements as a result of the Firm believes that, along with typical measures ready in accordance with IFRS, sure traders and stakeholders will use the non-IFRS measures to guage the Firm’s future working and monetary efficiency. Nonetheless, these non-IFRS efficiency measures wouldn’t have any standardized that means and will due to this fact not be similar to related measures introduced by different issuers. Accordingly, these non-IFRS efficiency measures are meant to offer extra info and shouldn’t be thought of in isolation or in its place of efficiency measures ready in accordance with IFRS.

Sure extra disclosures for these specified monetary measures have been integrated by reference and might be discovered within the Firm’s MD&A for the three and 9 months ended September 30, 2025 obtainable on the Firm’s web site at www.artemisgoldinc.com and on SEDAR+ at www.sedarplus.ca.

Cautionary Notice Relating to Ahead-looking Info

This press launch incorporates sure forward-looking statements and forward-looking info as outlined below relevant Canadian and U.S. securities legal guidelines. Statements contained on this press launch that aren’t historic info are forward-looking statements that contain identified and unknown dangers and uncertainties. Any statements that seek advice from expectations, projections or different characterizations of future occasions or circumstances include forward-looking statements. In sure instances, forward-looking statements and data might be recognized utilizing forward-looking terminology akin to “could”, “will”, “anticipate”, “intend”, “estimate”, “anticipate”, “consider”, “proceed”, “plans”, “potential” or related terminology. Ahead-looking statements and data are made as of the date of this press launch and embody, however aren’t restricted to, statements relating to  the way forward for mining in British Columbia; the contribution of the mine to varied stakeholders or the economic system; opinions of the Province of British Columbia relating to the mine and the area; agreements and relationships with Indigenous companions; the technique, plans, future monetary and working efficiency of the Blackwater Mine, together with (i) estimates of grades, throughput, recoveries, future manufacturing and gross sales; (ii) estimates of future prices, all-in sustaining prices and development capital expenditures; (iii) the extent and timing of any exploration applications; (iv) the plans of the Firm with respect to optimizing and enhancing present Part 1 operations, together with the anticipated prices and advantages of labor to be undertaken as a part of Part 1A, and the anticipated timing of procurement, building, commissioning and completion works; (v) the timing of a call associated to Part 2, and (vi) different monetary and operational expectations of the Firm with respect to the mine..

These forward-looking statements signify administration’s present beliefs, expectations, estimates and projections relating to future occasions and working efficiency, that are based mostly on info presently obtainable to administration, administration’s historic expertise, notion of tendencies and present enterprise situations, anticipated future developments and different elements which administration considers applicable. Such forward-looking statements contain quite a few dangers and uncertainties, and precise outcomes could differ. Essential dangers and different elements that will trigger precise outcomes to differ embody, with out limitation: dangers associated to capability of the Firm to perform its plans and goals with respect to the operations, optimization, enhancement and enlargement of the Blackwater Mine inside the anticipated timing or in any respect, the timing and receipt of sure required approvals, adjustments in commodity costs, adjustments in curiosity and forex trade charges, litigation dangers (together with the anticipated consequence or decision of ongoing or potential claims and counterclaims, the timing and success of such claims and counterclaims), dangers inherent in mineral useful resource and mineral reserves estimates and outcomes, dangers inherent in exploration and growth actions, adjustments in exploration, mining, optimization, enhancement or enlargement plans on account of adjustments in logistical, technical or different elements, unanticipated operational difficulties (together with failure of plant, gear or processes to function in accordance with specs, value escalation, unavailability or unanticipated delays to the supply of supplies, plant and gear or third get together contractors, delays within the receipt of presidency approvals, industrial disturbances, job motion, and unanticipated occasions associated to heath, security and environmental issues), adjustments in governmental regulation of mining operations, political danger, social unrest, adjustments on the whole financial situations or situations within the monetary markets, and different dangers associated to the flexibility of the Firm to proceed with its plans for the Mine and different dangers set out within the Firm’s most up-to-date MD&A, which is accessible on the Firm’s web site at www.artemisgoldinc.com and on SEDAR+ at www.sedarplus.ca

In making the forward-looking statements on this press launch, the Firm has utilized a number of materials assumptions, together with with out limitation, the assumptions that: (1) market fundamentals will lead to sustained mineral demand and costs; (2) any mandatory approvals and consents in reference to the exploration program or the operations and enlargement of the Mine might be obtained; (3) financing for the continued operation of the Blackwater Mine and future enlargement actions will proceed to be obtainable on phrases appropriate to the Firm; (4) sustained commodity costs will proceed to make the Mine economically viable; and (5) there won’t be any unfavourable adjustments to the financial, political, allowing and authorized local weather by which the Firm operates. Though the Firm has tried to establish vital elements that would have an effect on the Firm and will trigger precise actions, occasions, or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger the precise outcomes or efficiency by the Firm to vary materially from these expressed in or implied by any forward-looking statements. Accordingly, no assurances might be provided that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them achieve this, what impression they are going to have on the outcomes of operations or the monetary situation of the Firm. Buyers ought to due to this fact not place undue reliance on forward-looking statements. The Firm is below no obligation and expressly disclaims any obligation to replace, alter or in any other case revise any forward-looking assertion, whether or not written or oral, which may be made occasionally, whether or not due to new info, future occasions or in any other case, besides as could also be required below relevant securities legal guidelines.

SOURCE Artemis Gold Inc.

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