28th Nov 2024 10:32
Amaroq Minerals Ltd Greenland-focused gold miner - Announces first gold pour at Nalunaq gold mine in Greenland, after the Greenlandic government approved the phase 1 commissioning of the plant, which has since been operated at its nameplate capacity. An updated mineral resource estimate for Nalunaq is expected to be published in the first quarter of 2025. Phase 2 commissioning is due to complete in the second quarter of 2025. Chief Executive Officer Eldur Olafsson says: "First gold pour at the Nalunaq mine signifies a major step on our journey, triggering initial cash flow generation. As Nalunaq transitions from being a cost centre to a cash generator, our focus turns to resource, mine life extension and further exploration to unlock the full mineral potential of our Greenland portfolio. Throughout this, we remain focused on the sustainable delivery of our projects, working closely with the local community, and delivering our purpose of creating a Greenlandic legacy." Read More
