Artemis Gold Closes C$450 Million Senior Notes Private Placement

BY MT Newswires | CORPORATE | 06:48 AM EST

06:48 AM EST, 02/04/2026 (MT Newswires) -- Artemis Gold (ARGTF) late on Tuesday said it has closed a private placement offering of C$450 million of 5.625% senior unsecured notes due 2031.

The notes were issued at par under a trust indenture and are direct senior unsecured obligations of Artemis ranking equal with all of the company's other senior unsecured debt.

Net proceeds will be used, together with cash on hand, to repay in full the balance of Artemis' revolving credit facility.

BMO Capital Markets and RBC Capital Markets are acting as joint active bookrunners and National Bank Capital Markets as joint passive bookrunner for the offering.

Fees associated with the bond issuance totaled about $7.4 million.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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