Artemis Gold Inc · TSXV:ARTG
Artemis Gold — Q1 2026 Earnings Presentation
16 slides from Artemis Gold's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Results Conference Call
TSX-V: ARTG | artemisgoldinc.com Q1 2026 Results Conference Call M AY 7, 2026
Slide 2: Forward Looking and Cautionary Statements
Forward Looking and Cautionary Statements This presentation contains certain forward-looking statements and forward-looking information as defined under applicable Canadian and U.S. securities laws. Statements contained in this press release that are not historical facts are forward- looking stateme
Slide 3: On Today's Call
On Today’s Call DALE ANDRES JEREMY LANGFORD TONY SCOTT GERRIE VAN DER WESTHUIZEN Chief Executive Officer & Director President Chief Business Development Officer Chief Financial Officer and Corporate Secretary ERIK MARCHAND MEG BROWN VP Finance VP Investor Relations 3
Slide 4: Q1 Highlights
Q1 Highlights Solid Q1 results – mining rates increasing; continuing to optimize plant Advanced Phase 1A – on track for Q4 2026 commissioning Commenced EP2 early works – on track for completion Q4 2028 Strengthened balance sheet – closed $450M bond and repaid RCF Launched inaugural dividend policy –
Slide 5: Q1 2026 Operating Results
Q1 2026 Operating Results Mining operations performed well; recoveries trending higher • Production of 61,923 oz gold Select operating results Q3 2025 Q4 2025 Q1 2026 • Mill throughput impacted by unplanned shutdown in March due to a ball mill gearbox Total mined (t) 11,341,736 11,707,490 12,535,515
Slide 6: Q1 2026 Operating Highlights
Q1 2026 Operating Highlights Open pit development progressing on plan • Record tonnes mined, up 7% from Q4 2025 • Blasted inventory increased to record levels in March • Mine productivity improvements, including double-sided loading and hot-seating • Stockpiled ore at 19.5M tonnes Recoveries continu
Slide 7: Industry-leading Growth Profile; Disciplined Project Delivery
Industry-leading Growth Profile; Disciplined Project Delivery Production of >500,000 ounces of gold per year by 2029 Production guidance (190,000-230,000oz of gold) Meaningful and near-term organic growth Capital efficient, staged expansions funded through Original guidance maintained, but expect in
Slide 8: Phase 1A Progress – Growth from 6 Mtpa to 8 Mtpa
Phase 1A Progress – Growth from 6 Mtpa to 8 Mtpa Engineering and procurement advancing well • All major equipment packages have been ordered • Key material quantity estimates are complete and construction material bulk orders have been placed • Detailed design reviews have been conducted • HAZOP wor
Slide 9: EP2 Progress – Transforming Blackwater into one of Canada's largest gold mines
EP2 Progress – Transforming Blackwater into one of Canada’s largest gold mines Engineering and procurement progressing well Phase 1/1A in background with EP2 footprint in foreground • Early design reviews for primary crusher and wet plant milling buildings have been completed • Orders placed for 18M
Slide 10: Further Growth, Optionality and Upside – 2026 Focus
Further Growth, Optionality and Upside – 2026 Focus Optimization studies planned • Mine design and scheduling – update for current prices and with cutoff grade optimization • Mining equipment – shovel electrification and haulage automation options • Alternative waste movement – conveyors and stackin
Slide 11: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights Strong AISC margins1; generating strong operating cash flow Select Financial Information Q1 2026 Q1 2025 ($millions except AISC and per share information)2 • Q1 2026 gold sold 60,517 oz Revenue $315.4 $41.1 ➢ 23,430 oz sold into spot market at realized price of C$6,571/o
Slide 12: 2026 Guidance
2026 Guidance Production guidance 265,000-290,000 oz gold; trending toward higher end of cost guidance range Production guidance (190,000-230,000oz of gold) Original guidance maintained, but expect in the lower half of the range 2026 Guidance Gold production (oz) 265,000-290,000 AISC1 (US$/oz sold)
Slide 13: Financial Highlights: Balance Sheet Strengthened
Financial Highlights: Balance Sheet Strengthened Total available liquidity $875M March 31, 2026 balance sheet Q1 2026: • Closed $450 million offering of senior unsecured 5.625% notes $175M • Used the net proceeds to fully repay the RCF • Q1 2026 cash flow from operations of $128M supports Total avai
Slide 14: Dividend Policy Approved; Inaugural Dividend in H2 2026
Dividend Policy Approved; Inaugural Dividend in H2 2026 Strong margins powering growth and capital returns 40% of free cash flow for shareholder returns (2028+) Base Dividend Shareholder return framework1 • Progressive – base plus variable dividend • 40% of free cash flow starting in 2028 • Free cas
Slide 15: Q1 2026 Summary / 2026 Priorities
Q1 2026 Summary / 2026 Priorities Solid Q1 results – mining rates increasing; continuing to optimize plant and cost performance Robust balance sheet – strong liquidity and operating cash flow Phase 1A – engineering and construction advancing; on track for Q4 2026 commissioning EP2 early works – de-r
Slide 16: Q1 2026 Results Conference Call
TSX-V: ARTG | artemisgoldinc.com Q1 2026 Results Conference Call M AY 7, 2026