Amaroq Ltd. announced strong Q2 2026 operational and financial results, with H1 2026 gold production exceeding guidance. The company successfully commissioned a new flotation circuit at its Nalunaq mine, leading to a significant increase in gold recoveries to approximately 90%. Post-period, an updated Mineral Resource Estimate for Nalunaq reported over 500 koz of gold at 30.35 g/t, with a 10.6% increase in Indicated Resources.
Amaroq Ltd. has announced high-grade underground drilling results from its Nalunaq Gold Mine in southern Greenland, with intercepts up to 132.5 g/t Au over 0.5 metres. These results confirm the exceptional grade and continuity of the Main Vein, reinforcing confidence in near and medium-term production and de-risking the ~2Moz Au exploration target. The drilling is part of an ongoing resource definition and production support program, with results falling after the cut-off date for the upcoming MRE5, indicating future upside.
Amaroq Ltd. has successfully commissioned its flotation recovery circuit at the Nalunaq gold mine in Greenland, completing Phase 2 of the project. This upgrade is expected to increase gold recoveries from approximately 61% to between 90% and 95%, significantly enhancing production from existing ore and tailings.
Amaroq reports a strong start to 2026 with Q1 operational and financial results in line with expectations, including gold production of 3,694 oz at an average feed grade of 19.9 g/t, exceeding guidance. The company achieved a net profit of $2.4 million and is preparing for the commissioning of a flotation circuit in Q2 2026, which is anticipated to increase gold recoveries to 90-95%. Additionally, Amaroq announced an extensive 2026 exploration campaign targeting various strategic metals across its Greenland projects.
Amaroq Ltd. announced its 2025 full-year financial results, reporting $27 million in revenue from gold sales and meeting its 6-7koz gold production guidance for Nalunaq. The company highlighted significant operational progress at Nalunaq, including commissioning and a transition to owner-operator, and promising high-grade exploration results from its Nanoq, Black Angel, and Minturn projects. Financially, Amaroq is expanding its credit facility to USD70 million and seeking USD20-35 million in equity financing for its Suliaq subsidiary.
Amaroq Ltd. has announced high-grade gold drill results from its 2025 programme at the Nalunaq gold mine in Greenland. A standout intercept of 1,840 g/t gold over 0.5m in the Mountain Block is reported to de-risk near-term production and support expansion of the Main Vein at depth.
Amaroq Ltd. has announced initial results from its 2025 field exploration programme in South Greenland. The results include gold discoveries with high grades reaching up to 38.7 g/t Au across multiple satellite projects.
