Amaroq Minerals Ltd (Greenland Gold) Stock (CA02312A1066): Nalunaq Phase 2 is complete as flotation circuit goes live

Amaroq said on June 11, 2026, that the flotation recovery circuit at Nalunaq has been installed and commissioned, marking completion of Phase 2 while the company reaffirmed its FY2026 gold output guidance.

Responsible: ad hoc news Stocks & Analysis Desk. Reviewed prior to publication on June 11, 2026 at 6:57 PM ET. Details in the imprint.

Amaroq said on June 11, 2026, that the flotation recovery circuit has been installed and commissioned at the processing unit of the Nalunaq gold mine, which the company said completes Phase 2 of the project. The update also reaffirmed FY2026 gold production guidance of 25,000 to 35,000 ounces and kept the H1 2026 production range at 7,000 to 10,000 ounces of gold.

What the Nalunaq update changes

The new circuit matters because it shifts Nalunaq from installation into commissioning, a step that typically moves a mine closer to steadier output rather than construction work. Amaroq's statement did not include a revised production target, so the key numbers remained the same: 25,000 to 35,000 ounces for the full year and 7,000 to 10,000 ounces for the first half.

The company described itself as an independent mine development company focused on Greenland, and the release centered on operational progress rather than financing or a strategic transaction. That makes this a project-execution update, not a headline tied to a balance-sheet event or a change in ownership structure.

Amaroq trades under the ticker AMRQ on AIM, NASDAQ Iceland, and OTCQX as AMRQF, while the company continues to market itself around Greenland exposure and gold development. The stock is therefore being watched through both an operational lens and a jurisdictional one, since Greenland-focused miners often trade on project milestones more than near-term revenue detail.

For U.S. readers, the relevant takeaway is that this is a dated operational milestone with explicit guidance attached, not a speculative announcement. The release gives the market a concrete checkpoint on Nalunaq's ramp-up, and the next meaningful update will likely be whether commissioning translates into delivered ounces inside the stated ranges.

Amaroq stock at a glance

• Name: Amaroq Ltd
• Industry: Gold mining and mine development
• Headquarters: Toronto, Canada, with Greenland-focused operations
• Core markets: Greenland and international gold markets
• Revenue drivers: Gold production from Nalunaq and related project development
• Listing: AIM, NASDAQ Iceland, and OTCQX under AMRQ and AMRQF
• Trading currency: GBP on AIM, ISK on NASDAQ Iceland, USD on OTCQX

This article was created with a.i. assistance and editorially reviewed. Not investment advice, not a buy or sell recommendation. Trading in securities carries risks up to the total loss of capital.