Gold Production for YE 2025 and Award of Impact Benefit Agreement (“IBA”)
Amaroq produced 6.6koz gold in 2025, above guidance mid-point, and secured final Impact Benefit Agreement for Nalunaq mine.
vs expectations: above mid-point of guidance
- Year end gold production 2025 ~6.6koz
- Annual production guidance range 6-7koz
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Reykjavík, 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 range
Mining and processing rates expected to continue to be consistent into the new year
Final IBA awarded for the Nalunaq gold mine
Production 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
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