Amaroq posts Q2 2026 profit as Nalunaq gold sales lift revenue to CAD 37.3 million
Reuters2026/08/13 07:10- For Q2-26, revenue rose to CAD 37.3 million as 5,640 oz of gold were sold at an average realized price of USD 4,678/oz.
- Net income reached CAD 11.1 million, reflecting higher sales volumes and a CAD 25 million gross profit.
- Phase 2 flotation circuit construction finished in May; first flotation concentrate was produced in June, supporting expected recoveries of 90-95%.
- H1-26 output totaled 8,985 oz on 23,160 tonnes processed at 19.8 g/t, with 63% recovery during gravity-only operations.
- Costs increased with ramp-up activity, including CAD 7.9 million in general and administrative expense, CAD 2.3 million in exploration, and a CAD 1.9 million foreign-exchange loss.
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