Artemis Gold Inc · TSXV:ARTG
Artemis Gold — Q3 2026 Earnings Presentation
18 slides from Artemis Gold's earnings presentation, Nov 4, 2026
Slide 1: Q3 2026 Results Conference Call
TSX-V: ARTG | artemisgoldinc.com Q3 2026 Results Conference Call N o v e m b e r 4 , 2 0 2 6
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 presentation that are not historical facts are forward-looking statement
Slide 3: On Today's Call
On Today’s Call DALE ANDRES JEREMY LANGFORD ERIK MARCHAND Chief Executive Officer & Director President Chief Financial Officer and Corporate Secretary TONY SCOTT CANDACE ALDERSON MEG BROWN Chief Business Development Officer Chief ESG Officer VP Investor Relations TSXV: ARTG | artemisgold.com 3
Slide 4: Q3 2026 Highlights
Q3 2026 Highlights Production in line with guidance – 14% increase over Q3 2025 Low AISC – US$1,048 per oz of gold in Q3 2026; US$1,024 per oz YTD Phase 1A nearing completion – commissioning in December 2026 EP2 major works commenced – on track for H2 2028 Enhanced growth options – Vista Gold acquis
Slide 5: Q3 2026 Operating Results
Q3 2026 Operating Results Higher mill throughput; preparing for Phase 1A commissioning • Production of 69,546 oz gold Select operating results Q3 2026 YTD 2026 • Mill throughput increased by 10% versus previous quarter Total mined (t) 12,428,245 36,383,856 • Gold grades remained strong at 1.55 g/t O
Slide 6: Q3 2026 Operating Highlights
Q3 2026 Operating Highlights Open pit development progressing on plan • New mine fleet integration going well • Transition to self performed production drilling and blasting in progress Crushing capacity is in place for Phase 1A • 8 Mtpa throughput rate demonstrated in Q3 Achieved higher mill throug
Slide 7: Phase 1A Progress – Growth from 6 Mtpa to 8 Mtpa
Phase 1A Progress – Growth from 6 Mtpa to 8 Mtpa Phase 1A 77% complete at the end of Q3 2026 The following milestones have been achieved: • Vertimill building structural steel complete; cladding nearly complete • Vertimill assembly well advanced • New pre-aeration and leach tank erection complete •
Slide 8: EP2 Progress – Transforming Blackwater into one of Canada's largest gold mines
EP2 Progress – Transforming Blackwater into one of Canada’s largest gold mines Early works program complete, including camp expansion Major works construction commenced ahead of schedule The following milestones have been achieved: • Plant bulk earthworks well advanced • SAG and ball mill raft found
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 EP2 footprint with ball / SAG mill and tank ring beam foundations – October 2026 EP2 ball and SAG mill foundations – October 2026 TSXV: ARTG | artemisgold.com 9
Slide 10: EP2 Progress – Transforming Blackwater into one of Canada's largest gold mines
EP2 Progress – Transforming Blackwater into one of Canada’s largest gold mines EP2 leach tank ring beam foundations – October 2026 EP2 footprint with general arrangement overlay – October 2026 TSXV: ARTG | artemisgold.com 10
Slide 11: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights Strong AISC margins1 and operating cash flow Select Financial Information Q3 2026 YTD 2026 • 67,091 ounces of gold sold in the quarter ($millions except cash costs, AISC and per share information)2 • 38,900 oz sold into spot market at realized price of C$6,021/oz Revenue
Slide 12: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights Strong financial foundation funds near-term growth Balance Sheet • Cash balance of $191M, with $700M undrawn on RCF • Gold put options provide downside gold price protection $191M during EP2 construction • Extended coverage period with additional put options Total availa
Slide 13: 2026 Guidance
2026 Guidance On track for 265,000-290,000 oz gold; costs at high point of AISC guidance Production guidance (190,000-230,000oz of gold) Original $ millions unless stated guidance otherwise maintained, but YTD 2026 2026 expect in the lower half of the range Guidance • Well positioned to achieve full
Slide 14: Industry-leading Growth Profile, Disciplined Project Delivery
Industry-leading Growth Profile, Disciplined Project Delivery Building a >500,000 oz per year producer by 2029, with a pathway to one million ounces Blackwater Mt Todd Staged expansions at Blackwater funded through operating cash flow Meaningful and near-term organic growth ONGOING DEC 2026 – COMMIS
Slide 15: Further Growth and Upside at Blackwater
Further Growth and Upside at Blackwater Resource update and Blackwater expansion drilling • Resource block model calibrated to reflect grade control knowledge • Plan for final 2026 Mineral Resource update to use end of November resource expansion drilling cutoff Regional exploration • Regional explo
Slide 16: Acquisition of Vista Gold Enhances Existing Growth Strategy
Acquisition of Vista Gold Enhances Existing Growth Strategy Complements Artemis Gold’s existing portfolio • Adds an advanced-stage gold development asset of scale in a favourable jurisdiction • Establishes a growth pathway to one million ounces of gold per year • Leverages Artemis Gold management te
Slide 17: Q3 2026 Summary
Q3 2026 Summary Solid Q3 results – improved plant performance Robust balance sheet – strong liquidity and operating cash flow Phase 1A nearing completion – providing near-term production growth EP2 major works advancing – strong start to construction Disciplined capital allocation – balancing growth
Slide 18: Q3 2026 Results Conference Call
TSX-V: ARTG | artemisgoldinc.com Q3 2026 Results Conference Call N o v e m b e r 4 , 2 0 2 6