Loading ...Developer Artemis Gold (TSXV: ARTG) has awarded a C$236 million ($186.8m) guaranteed maximum price (GMP), fixed-price contract to Ausenco Engineering for a 5.5 million-tonne-a-year processing plant and related infrastructure at its Blackwater gold project in central B.C.
The $236-million engineering, procurement and construction (EPC) contract is in line with the overall C$592 million ($468m) capital cost estimate outlined in the 2020 Blackwater pre-feasibility. The plant and associated infrastructure are expected to be the largest component of this capital outlay, representing approximately 40% of the estimate from the August study.
Artemis awards $186m EPC contract for Blackwater plant in British Columbia