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AMRQ Amaroq Minerals Ltd.

73.00
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amaroq Minerals Ltd. LSE:AMRQ London Ordinary Share CA02312A1066 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 73.00 72.00 74.00 73.00 73.00 73.00 180,792 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 467k -833k -0.0026 -492.31 417.86M
Amaroq Minerals Ltd. is listed in the Gold Ores sector of the London Stock Exchange with ticker AMRQ. The last closing price for Amaroq Minerals was 73p. Over the last year, Amaroq Minerals shares have traded in a share price range of 39.80p to 84.00p.

Amaroq Minerals currently has 326,455,446 shares in issue. The market capitalisation of Amaroq Minerals is £417.86 million. Amaroq Minerals has a price to earnings ratio (PE ratio) of -492.31.

Amaroq Minerals Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
23/5/2024
06:53
Some very encouraging comments from the Shareprophets subscription site two days ago. They believe the shares are a buy at current prices.

Amaroq Minerals – Q1 2024 results and report, a winning share tip Buy.

Amaroq Minerals (AMRQ) has issued its quarterly results and report including emphasising on Nalunaq “highly encouraged by how operations are progressing” and that also “progress on new growth opportunities within South Greenland, including Strategic Minerals, Hydro and Servicing are progressing well and we look forward to providing an update to the market in due course, during or before the Capital Markets Day”. So that is further good news from a 69p share price.

philby1
23/5/2024
06:43
Written by:
Emily Jarvie
Edited by:
Angela Harmantas

Amaroq Minerals ends 1Q with healthy cash reserves to advance Nalunaq

Published: 14:59 14 May 2024 BST

Amaroq Minerals Ltd - Amaroq Minerals advances Nalunaq gold project in Q1

Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) took steps to accelerate mining at its Nalunaq gold project in Greenland during the first quarter of 2024.

The company raised approximately $74.52 million in February to accelerate mining of the Target Block at the Nalunaq mine to maintain the processing plant’s current nameplate capacity of 300 tonnes of ore processed per day in 2025.

Funds will also be used for the extension of the process plant to include a flotation circuit and dry-stack tailings facility.

“During the quarter we successfully completed a fundraise to accelerate mining at Nalunaq, whilst continuing to invest in our wider gold and strategic minerals portfolio in South Greenland,” Amaroq CEO Eldur Olafsson said in a statement.

The company has also been preparing for a “busy” 2024 field season, which will include a targeted mineral resource growth plans at Nalunaq and copper-nickel-cobalt drilling at Stendalen among other project development programs.

"I have been on site at Nalunaq now for some weeks, participating across all workstreams, and am highly encouraged by how operations are progressing,” Olafsson commented.

“The experience gained this winter, in our first year of year-round operations, has been invaluable to improving our understanding and planning for developing future projects in South Greenland. Construction works over this period were completed despite pack ice conditions, thanks to the foresight of the team who ensured that all the required equipment was mobilized to site ahead of time.”

Olafsson intends to provide the market with a further update on operations at Nalunaq during a June 13 Capital Markets event being held in Iceland, where the company will present visuals of the progress made to date and provide guidance on the cost to complete as well as the expected date of first gold production.

“In addition, we will present our plan for resource growth at Nalunaq, along with details of our expanded drilling programme at the Stendalen copper-nickel discovery,” he said.

"Finally, progress on new growth opportunities within South Greenland, including Strategic Minerals, Hydro and Servicing are progressing well and we look forward to providing an update to the market in due course, during or before the Capital Markets Day.”

The company exited the first quarter with group liquidity of $96.31 million in cash balances, undrawn revolving credit facilities, and undrawn revolving credit overrun facility less trade payables.

Amaroq's gold business capital was reported to be $78.2 million as of March 31, with around $17.47 million of this capital allocated for prepaid contractors specifically for the Nalunaq project.

Net loss during Q1 was $9.2 million.

Amaroq Minerals is an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland.

waldron
23/5/2024
06:21
Annual Report and Notice of Meeting

TORONTO, ONTARIO – May 17, 2024 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, announces that it has posted its Annual Report and Financial Statements for the year ended December 31, 2023 and Notice of Annual and Special General Meeting of Shareholders (“Meeting”) and Management Information Circular to shareholders.

Copies of the documents are published on the Company's website at and the documents will also be available on SEDAR+ at www.sedarplus.ca.

The Meeting will be held remotely on Friday, June 14, 2024, at 10:00 a.m. (Toronto time).


Registered shareholders and duly appointed proxyholders will be able to participate, vote and submit questions at the virtual meeting. Instructions on how to join the virtual meeting are set out in the Notice of Meeting.

waldron
23/5/2024
06:15
Amaroq Minerals loss widens; appointment of new CFO advanced

May 17, 2024 at 09:52 pm

Amaroq Minerals Ltd - Greenland-focused Canadian gold miner - On Tuesday, reports results for first quarter ending March. Net loss widens to USD9.2 million from USD3.4 million a year prior. Loss per share widens to USD0.03 from USD0.01. Exploration and evaluation expenses fall to USD875,213 from USD1.2 million. But general and administrative expenses rise to USD4.0 million from USD2.6 million. Chief Executive Eldur Olafsson says: "I look forward to providing the market with a more complete update on Nalunaq operations at our Capital Markets event on June 13, where we will present visuals of the progress made to date and providing guidance on the cost to complete as well as the expected date of first gold production. In addition, we will present our plan for resource growth at Nalunaq, along with details of our expanded drilling programme at the Stendalen copper-nickel discovery." Says appointment of new chief financial officer is "well advanced."

Current stock price: 73.00 pence

12-month change: up 78%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

waldron
23/5/2024
06:13
SEEMS TO NEED POSITIVE NEWS AND MORE COVERAGE BY ANALYSTS

IMO MORE LIKELY TO TREND DOWN SINCE RESULTS OUT DESPITE POSITIVE TARGETS STILL

waldron
24/4/2024
01:30
done, nice win, for me, gone, catch you later.
dudishes
01/3/2024
17:40
Still a holder, but no gold eh?
dudishes
01/3/2024
08:01
Sore head hazl?

Why pick on loganair? AMRQ, he is correct, KEFI funding perceived but not yet in place. 50% correct. Much better than your picks what?

AMRQ massive rise since 40p.

SOLG 50% loss in 6 months.

CUSN 50% loss.

QED, SOLG, CUSN all wishful thinking?

If SOLG not for this board, why finish off with a ramp of SOLG?

Dud

dudishes
29/2/2024
11:36
This board is not about SOLG.
Last post in the matter.
I was just alerting people.

SOLG however has several substantial major shareholders and is taken by some to be a potential take over play.

hazl
29/2/2024
11:08
hazl - Amaroq and KEFI are basically fully funded to get at least one of their mines into operation which will provide each company with an income back stop to carry on exploring elsewhere whereas Solgold needs £20miln new funding in just the next 3 months to keep itself a float, let a lone a couple of billion to get it's first mine built all at a time when liquidity for the mining exploration sector has all but dried up.
loganair
29/2/2024
10:33
Again, I am also liking the look of KEFI and AMRQ but not bought yet.
As an aside I would say don't trust loganair.
He claims to be in SOLG too.

'loganair
28 Feb '24 - 10:25 - 71 of 75
0 1 0
I'm in both Amaroq and KEFI. What I like about both is how they're basically funded to get their prospective mines into operations and the cost to do so is not too highly prohibitive unlike say Solgold and their Cascabel project is.'

hazl
29/2/2024
08:26
TORONTO, ONTARIO - January 29, 2024 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across in Southern Greenland, is pleased to announce a significant new Ni-Cu discovery at its Stendalen Project.
metis20
28/2/2024
15:53
I've just spent an hour looking at AAU and I considered a small investment was worth while.

I just wished I had bought more Amaroq then I did when the share price was around 30p.

loganair
28/2/2024
15:27
Amaroq Minerals gears up for gold production later this year.

Amaroq Minerals Founder & CEO Eldur Olafsson shares insights on hitting targets, staying on budget and being fully funded in the latest interview with IGTV.

philby1
28/2/2024
14:28
I'm holding both AMRQ and KEFI too loganair. Also holding Ariane Resources (AAU)for the same reasons with gold production starting at the new Salinbas mine in Turkey later this year.
philby1
28/2/2024
10:25
I'm in both Amaroq and KEFI. What I like about both is how they're basically funded to get their prospective mines into operations and the cost to do so is not too highly prohibitive unlike say Solgold and their Cascabel project is.
loganair
28/2/2024
01:33
Late today phil,
bit of difference of opinion Kefi.

Lay in today, no issue

dudishes
27/2/2024
18:38
I forgot philby1,

I was up at 4am to make breakfast for the kids who fed the donkeys.

Carrot treats for the donkeys.

Pancakes for the girls.

Pop around some time for breakfast

dudishes
27/2/2024
18:33
philby1, I forgot to ask whether you were long/short?

Weems that Tim W and I are the only longs?

dudishes
21/2/2024
06:32
G'day philby1,

I'm a bit late today, arose at 5am our time as had to feed the donkeys etc...

The youngsters were busy picking veg for the Wed market.

veg picking not too good for me, drawback, I got wet, the kids being under cover did not.

dudishes
20/2/2024
15:39
"Amaroq's steady ship is a different animal to Bluejay"

hxxps://www.mining-journal.com/london-to-a-brick/opinion/4176016/greenland-tale-explorers

philby1
15/2/2024
03:47
G'day philby1. Early again.

Donkeys fed and for us, forget the UK lark, that was Tuesday, we are having pancakes today.

TW bought more just below 75, big deal.

46 & 61, TW may be able to match, as it is his favourite, but then Kefi also?

I have access to their so called Nifty 50, long term I would agree, some scores, short term, I believe they need more on the spot intelligence, as always seem to be asleep!

Stay alert, beat the so called experts.

dudishes
13/2/2024
12:32
Yes I hold Dudishes, thankfully one of the few mining shares where I'm well in profit. Added a few yesterday too following TW's Bearcast.
philby1
13/2/2024
09:41
NASDAQ September 2023 registration document:



The Nalunaq deposit is high-grade and has previously demonstrated a low all-in sustaining cost, making it a high margin asset. All-in sustaining cost estimates range between US$725/oz to US$910/oz. The Company has a current Inferred Mineral Resource of 320,000 oz. (355,000 tonnes at 28.0 g/t Au), covering the old mine area and into a number of extension areas, and a further potential of between 200,000 oz to 2.0 Moz. of near-mine Exploration Targets (2.5 to 10 million tonnes at 2.4 to 6.0 g/t Au).

metis20
13/2/2024
09:05
I can’t remember my in price as I’ve switched brokers, but I’ve held here since about 2019 - before the Nalunaq disaster.

I then doubled up at around 30p after it was clear AEX wasn’t going bust, because as long as there’s an operator then these assets were chronically undervalued.

I recently cut my position in half at 72p for portfolio balancing and am keeping the rest at least until gold flows!

Edit: Oversubscribed at a premium to market is impressive.

breezer_42
Chat Pages: 4  3  2  1

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