Business
Gold Production for YE 2025 and Award of Impa...
Amaroq Ltd. reported year-end gold production of approximately 6.6 thousand ounces for 2025, exceeding the mid-point of its 6-7 thousand ounce guidance range, and has been awarded the final Impact Benefit Agreement for its Nalunaq gold mine. Mining and processing rates are expected to remain consistent into the new year, with production and budget guidance for 2026 to be announced in late February. The company anticipates increasing its recovery factor to approximately 90% upon completion of Phase 2 commissioning in Q2 2026. Disclaimer*
About this update from Amaroq Ltd.
[{"type":"text","content":"\n\n \n \n\n Gold Production for YE 2025 and Award of Impact Benefit Agreement (“IBA”) \n\nReykjavík, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Gold Production for YE 2025 of ~6.6koz1 above the mid-point of the annual 6-7koz guidance range And Award of Impact Benefit Agreement (“IBA”) TORONTO, ONTARIO – 8 January 2026 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, is pleased to announce year end gold production from its flagship Nalunaq gold mine amounted to ~6.6koz1, above the mid-point of the annual 6-7koz production range and pre-final refinery assessment. Highlights Year end production of ~6.6koz1, above the mid point of the 6-7koz guidance rangeMining and processing rates expected to continue to be consistent into the new yearFinal IBA awarded for the Nalunaq gold mineProduction guidance and budget for 2026 will be announced in late February 2026 Eldur Olafsson, CEO of Amaroq, commented:“In what has been a commissioning year for our Nalunaq mine in Southern Greenland, I am very pleased to announce gold production came above the mid point of the guidance range. Since completion of the shutdown in Q4 2025 and restart of operations, the processing unit and mining operations have performed well, in line with our expectations for Phase 1 and with a target to increase the recovery factor up to ~90%, once Phase 2 is complete, in Q2 2026. “We are very proud to have had the final impact benefit agreement for our Nalunaq mine approved; it is significant milestone, not only for Amaroq but also demonstrates how a successful mining industry in Greenland is being developed. I would just like to take the opportunity to thank all of our team on the ground, as well as our sub contractors who have worked tirelessly in the construction and commissioning at Nalunaq. I very much look forward to bringing the market more news, as we progress into the new year and phase 2 commissioning.” Link to Greenland Government press release confirming IBA award: Aftale om samfundsmæssig bæredygtighed indgået mellem Naalakkersuisut, Kommune Kujalleq og Nalunaq A/S Enquiries:Amaroq Ltd. C/O Ed Westropp, Head of BD and Corporate Affairs &nb...