TRADING UPDATES: Audioboom reports quarterly revenue, profit growth
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Amaroq Minerals Ltd - mine developer with gold and strategic mineral assets in southern Greenland - Secures approval to begin trading on the US OTCQX market on Tuesday, with trading to commence at market open under the ticker AMRQF. Says the admission enables higher transparency and trading opportunities for US investors, giving them equal access to information and disclosures offered to those in the UK, Canada and Iceland. Notes that this will occur through US-facing platforms and portals. Adds that its shares will remain on London's AIM market, as well as the TSX Venture Exchange and NASDAQ First North Iceland. Notes that no new shares are set to be issued as part of its OTCQX admission. Read More
(Alliance News) - 80 Mile PLC on Thursday said it has agreed to sell the Kangerluarsuk zinc-lead-silver project in Greenland to mine developer Amaroq Minerals Ltd. Read More
(Alliance News) - Amaroq Minerals Ltd on Wednesday said its net loss narrowed in the first quarter amid a foreign exchange gain as it reported "significant operational progress" since the end of the quarter. Read More
(Alliance News) - Amaroq Minerals Ltd on Friday noted a significant increase in the gold estimate for its Nalunaq mine in Greenland, as it posted an increased annual pretax loss. Read More
Amaroq Minerals Ltd - mine developer which has gold and strategic mineral assets in Southern Greenland - Appoints Edward Westropp as head of business development & corporate affairs. Notes Westropp's extensive experience in mining and natural resource industry, most recently as head of investor relations and communications at WE Soda Ltd. Read More
(Alliance News) - Amaroq Minerals Ltd on Thursday said it has identified gold grades in Greenland which are a "compelling validation" of the company's exploration strategy. Read More
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
(Alliance News) - Amaroq Minerals Ltd on Tuesday said it has found high-grade gold intercepts in an inaugural drill programme in Greenland. Read More
Amaroq Minerals Ltd - gold and strategic mineral mine developer in southern Greenland - Signs offtake agreement with Auramet International Inc, under which Auramet will buy all of the gold produced from Amaroq's Nalunaq gold mine in Greenland. Further, Amaroq signs a deal with Metalor Technologies SA, which specialises in the evaluation and refining of precious metals at its refinery in Switzerland. Metalor will process all the dore alloy obtained from Nalunaq. Read More
(Alliance News) - Amaroq Minerals Ltd on Thursday reported continued progress in its third quarter as it nears first gold production at Nalunaq mine. Read More
(Alliance News) - Amaroq Minerals Ltd shares rose on Wednesday despite a decreased quarterly profit, as the firm reported good progress on pre-production work at its Nalunaq site. Read More
Amaroq Minerals Ltd - Greenland-focused Canadian gold miner - Confirms start date as August 6 for Ellert Arnarson, the company's new chief financial officer. Arnarson is currently head of corporate finance at Reykjavik-based Landsbankinn. Further, he held senior positions at Pension Fund of Commerce, Iceland's second-largest pension fund, and at GAMMA Capital Management. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week Friday and not separately reported by Alliance News: Read More
Amaroq Minerals Ltd - Greenland-focused Canadian gold miner - On Tuesday, reports results for first quarter ending March. Net loss widens to USD9.2 million from USD3.4 million a year prior. Loss per share widens to USD0.03 from USD0.01. Exploration and evaluation expenses fall to USD875,213 from USD1.2 million. But general and administrative expenses rise to USD4.0 million from USD2.6 million. Chief Executive Eldur Olafsson says: "I look forward to providing the market with a more complete update on Nalunaq operations at our Capital Markets event on June 13, where we will present visuals of the progress made to date and providing guidance on the cost to complete as well as the expected date of first gold production. In addition, we will present our plan for resource growth at Nalunaq, along with details of our expanded drilling programme at the Stendalen copper-nickel discovery." Says appointment of new chief financial officer is "well advanced." Read More