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Artemis obtains US$385M Blackwater loan

Artemis Gold has announced a US$385 million syndicated financing facility with National Bank of Canada, Macquarie Bank, ING Capital, Société Générale and Bank of Montreal to fund a significant part of the estimated construction costs of its Blackwater gold project in British Columbia, Canada.

Paul Harris
Artemis Gold's Blackwater in British Columbia, Canada

Artemis Gold's Blackwater in British Columbia, Canada

The six-year facility is for $360 million with up to $25 million for capitalised interest before project completion, plus a $40 million standby cost overrun facility. Interest will accrue at the Canadian...

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