AEX Gold, Inc. ( (TSE:AMRQ) ) has shared an announcement.
Amaroq Minerals Ltd. announced its 2024 financial results, marking a pivotal year as it transitioned from developer to producer at the Nalunaq mine with its first gold pour in November. The company raised significant funds and secured debt financing to enhance financial flexibility, while also expanding its exploration activities across Greenland. The updated mineral resource estimate showed a 51% increase in contained gold, extending the potential mine life to approximately 10 years, which underscores the robust expansion potential of the Nalunaq deposit. In 2025, Amaroq plans to optimize operations at Nalunaq, increase processing capacity, and continue exploration to further enhance its resource base.
More about AEX Gold, Inc.
Amaroq Minerals Ltd. is an independent mining company with a substantial land package of gold and strategic mineral assets in Southern Greenland, focusing on the development and production of gold, particularly at its flagship Nalunaq mine.
YTD Price Performance: -7.81%
Average Trading Volume: 29,954
Technical Sentiment Signal: Sell
Current Market Cap: C$703.9M
See more data about AMRQ stock on TipRanks’ Stock Analysis page.