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Press releaseGlobeNewswire· February 25, 2026

Framleiðslumarkmið og afkomuspá ársins 2026

View original at globenewswire.com
Framleiðslumarkmið og afkomuspá ársins 2026 Reykjavík, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Framleiðslumarkmið og afkomuspá ársins 2026 Amaroq Ltd…
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  • First half 2026 production estimated at 7-10 thousand ounces

    80% confidence
  • The company faces very exciting opportunities and is evaluating ways to accelerate development of key projects to increase value creation through more efficient and faster execution

    80% confidence
  • Non-sustaining capital expenditures at Nalunaq estimated at approximately USD 14 million for final commissioning of processing facility, equipment purchases, and expansion of employee facilities

    80% confidence
  • It is satisfying to announce 2026 production targets now that Nalunaq gold mine has achieved stable operations following Phase 1 commissioning

    80% confidence
  • 2026 exploration program total cost estimated at USD 11 million, with potential to increase up to USD 29 million depending on market conditions

    80% confidence
  • Under current market conditions and with disciplined cost management, the company expects strong cash flow from operations enabling extensive exploration programs

    80% confidence
  • The Suliaq financing journey is a clear example of how the company intends to leverage Amaroq's operational foundation to support mining while reducing risk related to significant growth opportunities in further resource development in Greenland

    80% confidence
  • All-in sustaining cost (AISC) estimated at USD 69-73 million

    80% confidence
  • By leveraging infrastructure, expertise, and strong team, the company is very well positioned to create increased and sustainable value for shareholders

    80% confidence
  • The company's goal is to maximize portfolio value at all stages, from targeted exploration and resource growth to infrastructure development supporting continued growth

    80% confidence
  • Production and sales expected to increase in second half of year when Phase 2 flotation separation becomes fully operational

    80% confidence
  • Gold head grade expected to be in the range of 14-15 g/t with normal variations throughout the year depending on which areas of Mountain Block ore zone are processed

    80% confidence
  • Gold production at Nalunaq mine in 2026 is expected to be 25-35 thousand ounces

    80% confidence
  • Q4 2026 AISC expected to be in the range of USD 1,250-1,450 per ounce, with estimated production of 10-12 thousand ounces

    80% confidence
  • Recovery rate in Phase 1 estimated at approximately 60%, expected to increase to 90-95% after Phase 2 commissioning

    80% confidence
  • Nalunaq cash costs estimated at USD 44-47 million

    80% confidence

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