Gold miner Artemis will adopt a phased approach to build the newly acquired Blackwater project, which will eventually be a C$1.4-billion mine producing 400 000 oz/y, south-west of Prince George, in British Columbia. In a revised prefeasibility study (PFS), Artemis detailed plans to develop the Blackwater project into a new 250 000 oz/y operation, which will cost less than C$600-million, and then finance two subsequent expansion stages from future operating cashflows.
