The gimmick with this artifact is that it consumes twice as much mana, but in a way, it also saves you extra turns. However, until you have a ton of knowledge and artifacts, you'll struggle, especially with a less-than-ideal army.
If you want fewer losses, then you should focus on upgrading light magic and building guilds. As you know, light is one of the two native schools for mages, and it will definitely be available in every guild in the city. If you're lucky enough to get regeneration on the second level of the guild, you can play with almost no losses or minimal losses. It can be learned even without having light magic, but with it, it will be much more effective. Also, thanks to the library, you'll have a larger arsenal of spells.