Amaroq stock reports 9,000 ounces of H1 gold production - AD HOC NEWS

AI desk brief

Amaroq reported 9,000 oz of H1 gold production at Nalunaq, leaving it on track against full-year guidance of 25,000-35,000 oz. Management said recovery rates are now above 90% after flotation commissioning and is evaluating throughput increases from 300 t/d to 450 t/d, with a potential path to 600 t/d via ore sorting.

The ramp-up remains capital-sensitive: as of June 30, Amaroq had CAD 28.5m of cash versus CAD 37.6m of current liabilities and CAD 94.6m of non-current liabilities. The stock last traded at GBp 115.16, below its 52-week high of GBp 155.00, as investors wait for execution to convert higher recovery and throughput into sustained cash generation.