Canada's Artemis Gold Q4 revenue misses expectations

Artemis Gold

19/02/2026 24:35

Overview

Canada gold producer's Q4 revenue missed analyst expectations

Adjusted EPS for Q4 was $0.61

Company announced EP2 expansion to increase processing capacity by 2028

Outlook

Company expects 2026 gold production of 265,000-290,000 ounces

Artemis Gold sees 2026 AISC at $925-$1,025 per ounce

Company plans C$670-C$745 mln growth capital funded from operating cash flow

Result Drivers

LOW AISC - Artemis Gold reported a low all-in sustaining cost of $925 per ounce in Q4, contributing to strong margins

HIGHER REAGENT COSTS - Increase in AISC due to higher reagent consumption and costs, as well as maintenance expenses

EXPANSION PROJECTS - Advancing Phase 1A and EP2 expansions to increase processing capacity and production

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$333.70 mln
C$343.60 mln (2 Analysts)
Q4 Adjusted EPS
C$0.61
Q4 EPS
C$0.56
Q4 Adjusted Net Income
C$145.78 mln
Q4 Adjusted EBITDA
C$225.50 mln
Q4 Gross Profit
C$239.26 mln
Q4 Pretax Profit
C$207.73 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Artemis Gold Inc is C$50.75, about 34% above its February 18 closing price of C$37.88

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nCNWV9YyFa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)