Amaroq Q2 FY26 net profit drops to CAD 11.1 million; revenue rises to CAD 37.3 million
Reuters2026/08/13 06:01- Amaroq posted Q2 revenue of CAD 37.3 million on gold sales of 5,640 oz at an average realized price of USD 4,678/oz.
- Gross profit totaled CAD 25 million; net profit came in at CAD 11.1 million.
- Cash climbed to CAD 28.5 million at June 30 from CAD 8.8 million at March 31; gold inventory rose to CAD 24.4 million.
- Nalunaq produced 5,363 oz with 67% recoveries; flotation circuit commissioning completed, targeting ~90%-95% recovery as ramp-up continues.
- Maintained FY2026 production guidance of 25,000-35,000 oz; management said H1 output of about 9,000 oz beat the mid-point.
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