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
(Alliance News) - Amaroq Minerals Ltd on Tuesday said it swung to net profit in its latest year, with operations progressing well despite weather-induced delays. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday 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 Friday and not separately reported by Alliance News: Read More
Amaroq Minerals Ltd - Toronto-based mining company focused on gold and energy-transition mineral assets in southern Greenland - Announces "successful completion of significantly oversubscribed proposed fundraising" announced on Monday. Says it has placed 62.7 million shares with institutional investors at 74 pence each, raising net proceeds of around GBP44 million and beating its initial GBP30 million target. Amaroq says it will use the extra approximate GBP14 million to further advance exploration at its Vagar and Nanoq licences, and for an additional capital injection into the Gardaq joint venture. Read More
Amaroq Minerals Ltd - Toronto-based mining company focused on gold and energy-transition mineral assets in southern Greenland - Announces a placing and subscription offer to raise proceeds of up to GBP30.0 million. Both the placing and subscription shares will be at a price of 74 pence per new share, and Amaroq says it has already received interest from investors "in excess" of the target amount. The proceeds will go towards mining the target block of the company's flagship Nalunaq gold project in south Greenland, as well as financing exploration at the company's Vagar, Nanoq and Gardaq licences. In January, Amaroq reported grades of up to 48.3 grams of gold per tonne of ore at Nalunaq, confirming the high-grade nature of the block. Read More
Amaroq Minerals Ltd - independent mine development company focused on Southern Greenland - Says that it got results from underground channel sampling at the Nanaluq mine across three levels within the target block. Results confirmed the high grade nature of the block, extending into previously unmined areas with grades of up to 48.3 grams per tonne of gold over 1 metre. Following these results, Amaroq plans to start underground drilling, aimed at developing a second mining face at Nalunaq with a potential strike extension of up to 775 metres. Read More