Gold Production for YE 2025 and Award of Impact Benefit Agreement (“IBA”)
Rhea-AI Summary
Amaroq (OTCQX: AMRQF) reported year-end gold production for 2025 of approximately 6.6 koz, above the mid-point of its 6–7 koz guidance range and prior to final refinery assessment. The company confirmed the award of the final Impact Benefit Agreement (IBA) for the Nalunaq gold mine. Mining and processing rates are expected to remain consistent into 2026. Management noted completion of a Q4 2025 shutdown and restart, and targets to lift recovery to ~90% after Phase 2 commissioning, expected in Q2 2026. Production guidance and the 2026 budget will be released in late February 2026.
Positive
- Year-end gold production of ~6.6 koz, above guidance mid-point
- Final Impact Benefit Agreement (IBA) awarded for Nalunaq mine
- Processing and mining rates expected to remain consistent into 2026
- Target recovery increase to ~90% after Phase 2 in Q2 2026
Negative
- Scale remains small: ~6.6 koz annual production
- 2026 production guidance and budget deferred to late February 2026
- Recovery uplift to ~90% conditional on Phase 2 commissioning
News Market Reaction
On the day this news was published, AMRQF gained 17.14%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 ~
“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
+44 (0)7385 755711
ewe@amaroqminerals.com
Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com
Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
Further Information:
About Amaroq
Amaroq’s principal business objective is the identification, acquisition, exploration and development of gold and strategic metal assets in Greenland. The Company’s flagship asset is the
Amaroq also acquired a
Beyond gold and base metals, Amaroq controls a broad portfolio of strategic metal licences across South Greenland, including advanced exploration projects at Stendalen (copper-nickel sulphides) and within the Sava Belt, where the Company is exploring for copper, nickel, rare earth elements and other critical minerals.
Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation's current expectations regarding future events and the future growth of the Corporation's business. In this press release there is forward-looking information based on a number of assumptions and subject to a number of risks and uncertainties, many of which are beyond the Corporation's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include but are not limited to the factors discussed under "Risk Factors" in the Final Prospectus available under the Corporation's profile on SEDAR at www.sedar.com. Any forward-looking information included in this press release is based only on information currently available to the Corporation and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Corporation assumes no obligation to update or revise any forward-looking information to reflect new circumstances or events. No securities regulatory authority has either approved or disapproved of the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Inside Information
This announcement does not contain inside information.
Qualified Person Statement
The technical information presented in this press release has been approved by James Gilbertson CGeol, VP Exploration for Amaroq and a Chartered Geologist with the Geological Society of London, and as such a Qualified Person as defined by NI 43-101.
Mr. Gilbertson has reviewed and approved the scientific and technical information contained in this news release. Specifically, Mr Gilbertson has reviewed the sampling and analytical procedures described and considers the data to be reliable for the purpose of this disclosure.
Glossary
| Au | gold |
| Cu | Copper |
| g | grams |
| g/t | grams per tonne |
| ppm | Parts per million |
| km | kilometres |
| koz | thousand ounces |
| m | meters |
| oz | ounces |
| t | tonnes |
1 Refers to the quantity of gold processed during 2025 and includes the estimated amount (quantity) of concentrate which was subsequently poured on 1 January 2026, in order to capture efficiencies in the pouring process.
FAQ
How much gold did Amaroq (AMRQF) produce in 2025?
What is the status of the Nalunaq Impact Benefit Agreement for AMRQF?
When does Amaroq expect higher recovery at Nalunaq and what is the target?
When will Amaroq (AMRQF) publish 2026 production guidance and budget?
Did Amaroq report any operational disruptions in late 2025?
