Amaroq Minerals reported first-quarter 2026 revenue of $18.9 million, marking a new operating phase for the company as production continues at the Nalunaq gold mine in South Greenland. The company said it sold 2,970 ounces of gold during the quarter and reported $9.8 million in gross profit and $2.4 million in net profit.
Nalunaq produced 3,694 ounces of gold in the quarter, with an average feed grade of 19.9 grams per tonne, above the company’s 2026 guidance range of 14 to 15 grams per tonne. Amaroq maintained its full-year 2026 production guidance of 25,000 to 35,000 ounces, with production expected to be weighted toward the second half of the year.
The company also said its 2026 exploration campaign is expected to begin in June, including work at the Ilua rare earth prospect, along with additional exploration at Black Angel, Minturn, Nanoq, and Stendalen.
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