First gold was poured in November.
By the end of 2025, the company expects to reach a steady production capacity of up to 300 tonnes of ore per day, yielding more than 4.5 kilograms of gold per day at a grade of 12-16 grams per tonne of raw mineral.
About 50,000 ounces of gold per year (assuming all goes to plan by the end of the year) - or $150 million per year in revenue.
Initially AISC will be higher but as they ramp up, even if it were as high as $1,500 initially, AMRQ will still be making $75 million+ in free cash flow every year.
And better still, the plant on site can be ramped up to 450 tonnes of ore per day - requiring only perhaps $3 million of additional equipment to make this work. Further, the AISC will fall as contractor use reduces, renewable energy solutions are put in place etc |
Thanks for that link Plasybryn |
Mid June 2024 Amaroq were saying "First gold pour is expected during Q4 2024."
"The initial mining rate target is 40-60 tonnes per day, ramping up to 130-150 tonnes per day at each block during H2 2025."
"Plant recoveries are expected to increase from commencement of production to target levels of 90-94% by the end of 2025."
Haven't heard much about this since then. |
Amaroq were awarded the"Prospector and Developer of the Year" award by theGreenlandGovernment at @the_PDAC mining conference inToronto yesterday? |
Any chance of a link to that article, Mirabeau. |
Another Charles Archer update |
We look forward to providing the updated Mineral Resource Estimate expected at the end of this quarter. |
Exciting grades. Confidence high. |
On X reposted by Ariana Resources - Otavio @TaviCostaToday, we saw a significant reversal in gold stocks amid deteriorating equity markets.I am closely monitoring these short-term bullish signals, as I believe we are on the verge of seeing the derivatives of gold prices start to perform strongly.Mining equities continue to strengthen fundamentally, and in my view, this progress will inevitably be reflected in their share prices.I cannot recall a more opportune time to mine gold than today.Gold miners have just recorded their strongest quarterly revenue growth in 15 years.Additionally, their cash flow per share has reached its highest level in 13 years. |
Fair play to him then, I was not aware of that. |
How about this one, Amaroq? TW tipped it at around 35 pence. |
Can anyone name a miner that TW has backed in recent times that really took off? |
Good to see Amaroq and Greenland getting more coverage on CNBC. |
amaroq mentioned |
Good update from Jim https://mining.beehiiv.com/p/jim-s-mining-letter-january-26-2025Worth reading |
Tom, wee too early, I closed, he didn't.
Short from 118.
47p accepted, but no msgs to sell, take profits, why? Ramp!
PRO etc.. all ramps, although he has hold off on his recom of 0.6p for kefi?
DYOR in this case |
Today's RNS
the link to episode 3 is
Huge success story to have poured first gold on schedule. Looks to have a great team.
In a word , the next step is "growth". |
Interesting update from Jim on this very interesting company https://mining.beehiiv.com/p/jim-s-mining-letter-january-23-2025Worth reading |
From Ice to Gold: How Amaroq Minerals is Transforming Greenland's Mining Landscape |
Thank you plas that was a truly golden run.
Stocks like Medusa Mining Centamin Egypt and many others soared .I made a huge error of holding on and was left holding the baby when the tide turned. |
True atlantic. I recall your handle from the distant past! Hope you are well. |
Plasbryn I think you were around a decade ago when gold miners went ballistic.
This time round thus far they have not gone ballistic. |
Today's RNS |
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