Artemis Gold recently made a major equipment purchase from Finning Canada of $134 million.
The company says it represents another key milestone in the development of the Blackwater Mine project located North of Anahim Lake.
The primary load and haul fleet covered by the purchase consists of Cat hydraulic excavators and a fleet of haul trucks.
The company says this fleet will provide the load and haul capacity for the initial years of operations and will be expanded as needed.
Supporting the primary mining fleet will be an ancillary fleet consisting of Cat front-end loaders, haul trucks, D10 and D9 dozers, and 18M graders
Equipment deliveries to the site are planned to begin late in quarter 4 of 2023 and continue throughout the first half of 2024.
Artemis Gold says the entire fleet is expected to be shovel-ready during the second half of 2024 to meet its operational readiness objectives.
Chairman and CEO of Artemis Gold, Steven Dean, stated in the release “The execution of the purchase orders for our primary and ancillary mining fleet provides schedule certainty and ensures we will have the equipment needed to operate Blackwater Mine when we need it.”