Artemis Gold (ARTG) Corporate presentation summary

Investment highlights and strategy

• Targeting over 500,000 oz annual gold production by 2028, transforming into one of Canada’s largest single gold mines.

• Asset located in British Columbia, offering long mine life, low costs, and significant expansion potential.

• Board and management own 36% of shares, aligning interests with shareholders.

• Consistent strategy focused on disciplined capital allocation and progressive shareholder returns.

• Fully funded for industry-leading organic growth, supported by strong operating cash flows.

Operational performance and growth

• Achieved 192,808 oz gold production in 2025 at AISC of US$869/oz; Q2 2026 gold recovery reached 92.2%.

• Phase 1A expansion (33% throughput increase) 57% complete, on track for Q4 2026 commissioning.

• EP2 expansion (250% throughput increase) underway, targeting 21 Mtpa by 2028.

• Mine fleet scaling up and productivity initiatives implemented to support expansions.

• Positive grade reconciliation and robust grade control program delivering more tonnes and gold than estimated.

Financial performance and funding

• Q2 2026 revenue of $433.6M, net income of $199M, and record operating cash flow of $207.5M.

• AISC for Q2 2026 at US$955/oz, with strong margins and adjusted EBITDA of $285.2M.

• $879M in available liquidity, including $179M cash and a fully undrawn $700M revolver.

• Growth capital for 2026 guided at $685–$755M, with Phase 1A funded from cash flow.

• Downside gold price protection in place via put options during EP2 construction.