Production update and FTSE 250 Index inclusion
The 12,000-ounce quarterly production goal was reached one quarter ahead of its original Q4 2026 timing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Amaroq (AMRQF) produced approximately 12,000 ounces of gold at its Nalunaq mine in Q3 2026, reaching its quarterly target early.
Production at the southern Greenland mine totaled approximately 21,000 ounces for the first nine months of 2026. The quarterly target had originally been set for Q4 2026. Amaroq reiterated full-year gold production guidance of 25,000 to 35,000 ounces. A flotation recovery circuit was commissioned earlier in the summer; the company linked enhanced recoveries to that commissioning.
Amaroq will enter the FTSE 250 Index at market open on October 8, 2026. Management expects inclusion to open access to further index-tracking funds and affect trading liquidity.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointNalunaq Q3 2026 gold production of approximately 12,000 ounces reached the Q4 target one quarter early.
- Minor pointNalunaq gold production totaled approximately 21,000 ounces for the first nine months of 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.Full-year 2026 gold production guidance remains 25,000 to 35,000 ounces.
- Minor pointFlotation recovery circuit commissioning earlier in the summer enhanced recoveries, in Amaroq's assessment.
- Minor point. Forward-looking: it has not happened yet and may not happen.FTSE 250 inclusion takes effect at market open on October 8, 2026.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Reykjavík, Oct. 06, 2026 (GLOBE NEWSWIRE) --
Amaroq Ltd
("Amaroq" or the "Company")
Production update and FTSE 250 Index inclusion
Gold production of ~21 koz for 9M 2026 and ~12 koz for Q3 2026 – achieving Q4 2026 production target one quarter early
And
Entry in the FTSE 250 Index
6 October 2026 – Amaroq Ltd. (LSE, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development company focused on unlocking Greenland’s mineral potential, is pleased to announce that gold production from its Nalunaq gold mine in southern Greenland for the third quarter ended 30 September 2026, (“Q3 2026”) was ~12 koz and gold production for the nine month period was ~21 koz. The Company reiterates FY2026 gold production guidance of 25 to 35 koz.
The Company is pleased to note the announcement from FTSE Russell regarding the inclusion of Amaroq Ltd in the FTSE 250 Index, as of market open on 8 October 2026.
Eldur Olafsson, CEO of Amaroq, commented:
“We are pleased to have delivered another strong quarter at Nalunaq, demonstrating the progress we have made since production began, the growing consistency of our operations and the impact of enhanced recoveries, as a result of the commissioning of the flotation recovery circuit earlier in the summer. Achieving our goal of 12 koz of gold production, originally guided for Q4 2026, a quarter earlier, is a testament to the work and effort our teams have put in place and the quality of the resource base at Nalunaq.
“We remain confident in delivering on our full-year production guidance range and look forward to building on this momentum through the remainder of the year. I am also very pleased to note the inclusion of Amaroq in the FTSE 250 Index; this clearly validates our strategy of moving our listing from AIM to the Main Market of the London Stock Exchange and will open us up to inclusion in further index tracking funds and the commensurate impact on liquidity of indexation.”
Enquiries:
Amaroq Ltd. C/O
Ed Westropp, Chief Corporate Development and Strategy Officer
+44 (0)7385 755711
ewe@amaroqminerals.com
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Rory Blundell
Harry Rees
+44 (0) 20 7523 8000
Citigroup Global Markets (Corporate Broker)
Andrew Miller-Jones
David Herring
+44 (0) 207 986 3463
Panmure Liberum Limited (Corporate Broker)
Scott Mathieson
Piers Shimwell
+44 (0) 20 7886 2500
Camarco (Financial PR)
Elfie Harkell
Rebecca Waterworth
Charlie Ramos
+44 (0) 20 3757 4980
Further Information:
About Amaroq
Amaroq’s focus is the identification, acquisition, exploration and development of gold and strategic metals in Greenland. The Company’s principal asset is the
Amaroq’s significant exploration portfolio includes opportunities in gold, copper, nickel, and rare earth elements across South Greenland as well as zinc, lead, silver, germanium and gallium at its West Greenland Hub centred on the past-producing zinc-lead-silver mine at Maarrmorilik and the nearby Kangerluarsuk exploration licence, and the Minturn Iron Oxide Copper Gold prospect in northwest Greenland. The Company’s strategy is to unlock the resource potential in Greenland through the continued exploration and development of its wider portfolio, while building a responsible, full-cycle mining company, including through its Suliaq subsidiary, which provides mining services and logistics capabilities for Greenland’s developing mining sector, and Imeq ApS, Greenland's first private hydroelectric project.
The Company is listed on the LSE and Nasdaq Iceland under the ticker AMRQ, and on OTCQX under AMRQF.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much gold did Amaroq produce in Q3 2026?
Amaroq produced approximately 12,000 ounces of gold at Nalunaq in the quarter ended September 30, 2026. This reached the production goal originally set for Q4 2026 one quarter early.
When will Amaroq enter the FTSE 250 Index?
Amaroq will enter the FTSE 250 Index at market open on October 8, 2026. Management expects inclusion to open access to further index-tracking funds and affect trading liquidity.