11:42 AM EDT, 03/12/2026 (MT Newswires) -- Artemis Gold ( ARGTF ) on Thursday reported an unplanned mill shutdown at its Blackwater gold mine in British Columbia.

The company said it is currently experiencing an unplanned production outage at the Blackwater Mine due to the failure of a ball mill gearbox that occurred on March 11. The company added that it has a suitable replacement spare gearbox available.

The current estimated time to complete repairs and restart mill operations is between 8 and 10 days, said the company.

"Plans are currently underway to make use of this interruption in milling operations to carry out various maintenance activities that were originally planned for early Q2," said the company. "Mining related activities are continuing normally."

The company further added production in the first quarter is expected to be lower than originally anticipated as a result of this mill outage.

"The company is not currently revising its full year production guidance of 265,000 to 290,000 ounces of gold as it is evaluating plans to make up for the Q1 production shortfall due to this unplanned event," added the company.

The company's shares were last seen down $1.54 at $39.09 on the TSX Venture Exchange.

Price: 39.20, Change: -1.43, Percent Change: -3.52