Amaroq Ltd. has released an updated Mineral Resource Estimate for the Nalunaq project in Greenland. The update shows Indicated gold resources exceeding 500koz at 30.35 g/t Au, representing a 10.6% increase in Indicated resources.
Amaroq Ltd. reported high-grade underground gold drilling results at the Nalunaq mine, highlighted by an intercept of 132.5 g/t Au over 0.5 m. The company plans to move the drill rig to untested western areas of the Main Vein to continue exploration.
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 a previous range of 50-70% to approximately 90-95%, significantly boosting production efficiency.
Amaroq Ltd. has announced the successful installation and commissioning of a flotation recovery circuit at the Nalunaq gold mine in Greenland. This milestone marks the completion of Phase 2 of the project's development.
Amaroq reported strong Q1 2026 operational and financial results, with gold production in line with guidance but an average feed grade of 19.9 g/t, significantly higher than the 14-15 g/t guidance. The company achieved a net income of $2.4 million, a turnaround from a loss in the prior year, and secured an expanded revolving credit facility. Progress is being made on commissioning a flotation circuit, anticipated to boost gold recoveries from 61% to 90-95%, and a high-impact exploration campaign is set to begin in June 2026.
Amaroq Ltd. announced its 2025 full-year financial results, reporting $27 million in revenue from 5.31 koz of gold sales and meeting its production guidance of 6.35 koz of gold. The company also provided strong 2026 production guidance of 25-35 koz of gold and anticipates increased gold recoveries of 90-95% at its Nalunaq mine following a Phase 2 flotation circuit upgrade. Financially, Amaroq is finalizing a $35 million expansion to its revolving credit facility, doubling it to $70 million, and is pursuing $20-35 million in equity financing for its Suliaq subsidiary, with preliminary interest from EIFO.
Amaroq Ltd. has announced exceptional drill results from its 2025 programme at the Nalunaq gold mine in Greenland. The highlight is a bonanza intercept of 1,840 g/t gold over 0.5m in the Mountain Block, which supports near-term production and expansion potential.
Amaroq Ltd. has announced initial results from its 2025 field exploration programme in South Greenland. The results include gold discoveries with grades reaching up to 38.7 g/t Au across multiple satellite projects.
