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Reykjavík, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Amaroq Ltd.("Amaroq" or the "Company") 2026 Production and Financial Guidance and Exploration Update TORONTO, ONTARIO – 25 February 2026 – Amaroq Ltd. ((AIM, TSX-V,
Original sourceAI Summary
Amaroq Ltd. forecasts a 2026 gold production of 25-35k ounces from its Nalunaq mine, anticipating increased production in the second half of the year. The company aims to transition to an owner-operator model which may lead to reduced operational costs and stronger free cash flow. This outlook suggests potential value creation and an attractive investment for shareholders in the near to medium term.
Sentiment Rationale
Positive production guidance and successful operations at Nalunaq suggest potential for higher stock valuation, reminiscent of other mining firms that improved performance metrics, such as Northern Dynasty Minerals.
Trading Thesis
Invest in AMRQF for potential upside given strong guidance and cost reductions in 2026.
Market-Moving
- Improvement in gold prices could amplify AMRQF's earnings.
- Successful Phase 2 flotation circuit commissioning essential for higher recovery rates.
- Operational stability at Nalunaq may shift investor sentiment positively.
- Exploration success could significantly increase resource estimates and valuations.
Key Facts
- Amaroq forecasts FY2026 gold production of 25-35k ounces.
- Production expected to be back-loaded to H2 2026 due to recovery phases.
- Full-year cash costs projected at USD 44-47 million and AISC at USD 69-73 million.
- Exploration budget set at USD 11 million, with potential increase to USD 29 million.
- Nalunaq mine operations now stable, leading to anticipated free cash flow.
Companies Mentioned
- Amaroq Ltd. (AMRQF): Primary focus on gold and strategic minerals in Greenland.
Corporate Developments
This news falls under 'Corporate Developments', highlighting Amaroq's strategic direction and operational enhancements. The company's planned transitions and optimistic guidance are critical indicators for future revenue and shareholder value.