Construction Advances at Blackwater Mine in British Columbia
Construction at the Blackwater mine in central British Columbia continues to advance according to schedule, positioning the mine for its inaugural gold pour in the latter half of the year.
As of March 31, overall construction progress reached approximately 73%, with approximately C$523 million of the guided capital budget, ranging between C$730 million to C$750 million, already expended, as reported by TSX-V-listed Artemis Gold.
Steven Dean, Chairperson and CEO, emphasized the pivotal role of the dedicated team overseeing the development of the Blackwater mine.
“Execution is paramount in all projects, and effectively managing the day-to-day challenges inherent in constructing a mine of this scale and complexity is crucial for success,” Dean commented.
According to the 2021 feasibility study, Phase 1 of the Blackwater project involves an initial throughput of six million tonnes per year. Subsequently, Phase 2 will witness an increase to nine million tonnes annually by the fifth year, with a further escalation to 12 million tonnes per year by the sixth year. Ultimately, Phase 3 aims to elevate throughput to up to 20 million tonnes per year.
