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AMRQ Amaroq Minerals Ltd.

79.00
-2.00 (-2.47%)
Last Updated: 09:06:09
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 Shares Traded Last Trade
  -2.00 -2.47% 79.00 30,147 09:06:09
Bid Price Offer Price High Price Low Price Open Price
78.00 80.00 80.00 79.00 80.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores CAD 467k CAD -833k CAD -0.0025 -536.00 265.21M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:02:09 O 6 80.00 GBX

Amaroq Minerals (AMRQ) Latest News

Amaroq Minerals (AMRQ) Discussions and Chat

Amaroq Minerals Forums and Chat

Date Time Title Posts
19/11/202407:13Amaroq Minerals ex-AEX Gold (AEXG)127

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Amaroq Minerals (AMRQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:02:1080.0064.80O
10:01:1580.002520.00O
09:37:2480.002,5002,000.00O
09:29:1280.00125100.00O
09:21:2780.0015,00012,000.00O

Amaroq Minerals (AMRQ) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Amaroq Minerals Daily Update
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 81p.
Amaroq Minerals currently has 327,418,727 shares in issue. The market capitalisation of Amaroq Minerals is £438,741,094.
Amaroq Minerals has a price to earnings ratio (PE ratio) of -536.00.
This morning AMRQ shares opened at 80p
Posted at 19/11/2024 00:15 by waldron
Supporting London's FTSE 100, gains in oil, gold and other commodity prices.

Gold was quoted higher at USD2,610.04 an ounce against USD2,569.63 on Friday.

Goldman Sachs reiterated its bullish stance on the yellow metal.

"US policy uncertainty and recent consolidation provide an attractive entry point for our high-conviction long gold view, with structural support from central bank gold demand and cyclical support from Fed cuts. We keep our USD3,000 December 2025 forecast."

Gold miners benefited from the rising price. Endeavour Mining rose 3.5%, Fresnillo climbed 1.9%, Hochschild Mining advanced 4.1% and Centamin firmed 3.6%.


LSE
Posted at 17/11/2024 13:41 by waldron
How much is 1 gram of gold worth today?


Live Gold Spot Price Gold Spot Price Today

Gold Price per Gram $82.32 €78.24


Might be the daily rate for hiring or walking sledge dog
Posted at 17/11/2024 11:41 by ariane
Reykjavík, Nov. 15, 2024 (GLOBE NEWSWIRE) -- (“Amaroq”; or the “Company”;)

Amaroq Minerals Announces Key Agreements in
Preparation for Gold Production in Nalunaq

TORONTO, ONTARIO – November 15, 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, is pleased to announce several significant agreements in connection with the expected start of gold production at Nalunaq. These agreements mark a significant step as the Company prepares for its first gold pour in Q4 2024.

Amaroq has entered into an offtake agreement with Auramet International, Inc. (“Auramet̶1;), whereby Auramet will purchase all of the gold produced from Amaroq’s Nalunaq gold mine in South Greenland. Auramet also offers various financing facilities, such as pre-export finance, which could add to Amaroq’s financial flexibility to advance its operations.

In addition, Amaroq has secured an agreement with Metalor Technologies SA (“Metalor̶1;), which specializes in the evaluation and refining of precious metals at its refinery located in Switzerland. Metalor will process all the doré alloy obtained from Nalunaq.

Ellert Arnarson, CFO of Amaroq, commented:

"We are pleased to have signed these important agreements with established partners in the industry, providing us with the necessary support and expertise to ensure the successful delivery and sale of gold produced from Nalunaq at competitive industry terms. Importantly, we are also committed to offering local people the opportunity to buy gold sourced from Nalunaq, and will be partnering with a UK refinery to enable us to do so. We look forward to a productive collaboration as we approach first gold and beyond."
Posted at 17/11/2024 11:14 by waldron
ANALYSTS CURRENTLY POSITIVE IT SEEMS

IN CURRENT POLITICAL CLIMATE GOLD IS SOLID AND IN VOGUE

PERHAPS ONE CAN EXPECT ANOTHER TREND UP IN COMING WEEK FOR AMRQ

GOOD LUCK
Posted at 17/11/2024 11:09 by waldron
Mean consensus
BUY

Number of Analysts
3
Last Close Price
1.460CAD

Average target price
1.773CAD
Spread / Average Target
+21.46%

High Price Target
1.773CAD
Spread / Highest target
+21.46%

Low Price Target
1.773CAD
Spread / Lowest Target
+21.46%
Posted at 17/11/2024 11:05 by waldron
AMRQ Amaroq Minerals Ltd.



Canaccord bullish on Amaroq Minerals stock as Nalunaq gold mine nears restart


Investing.com
Editor
Emilio Ghigini

Published 10/30/2024, 05:40 AM


On Wednesday, Canaccord Genuity initiated coverage on Amaroq Minerals Ltd (AMRQ:LN) stock with a Speculative Buy rating and a price target of GBP1.25.

The firm highlighted the company's focus on the high-grade Nalunaq gold mine in southern Greenland, which is nearing the completion of construction and is set to restart operations this quarter.

Amaroq Minerals is also on track to complete its Phase 1 processing plant in the fourth quarter of 2024, with the first gold pour expected by the end of the year. The company anticipates beginning the commissioning of the plant in the first half of 2025. Canaccord's analysis projects a conservative estimate of 20,000 ounces of gold production from Nalunaq in 2025, with production anticipated to increase to 43,000 ounces once the mine reaches full Phase 1 capacity in 2026.

The financial outlook for Amaroq Minerals appears positive, as the company is expected to become operating cash flow positive in 2025. Furthermore, following the completion of Phase 2 of the processing plant, Amaroq is forecasted to turn free cash flow positive in 2026. Over the past twelve months, the company has significantly restructured its finances, which is expected to contribute to a robust balance sheet throughout the commissioning period in 2025.

Canaccord's initiation of coverage with a Speculative Buy rating reflects the firm's optimism about Amaroq Minerals' prospects, particularly with the impending restart of the Nalunaq gold mine and the progression towards gold production. The price target of 125 pence underscores the potential value Canaccord sees in the company as it advances its mining operations and financial position.
Posted at 15/11/2024 03:28 by dudishes
For what its worth, TW 2nd largest holding is AMRQ.

His largest holding is OPTI, not exactly a good choice by any means?

The timing and gold pure is purely speculative.

I reinvested at the same point of previous close, 80p.

A pure gamble on my part.

Being ex RN and an ardent sailor, I have my doubts about the weather?
Posted at 24/10/2024 09:46 by philby1
AMRQ still very much under the radar. I expect a significant rise to the share price as the market starts to wake up to the enormous potential here.
Posted at 03/10/2024 09:45 by philby1
Another excellent piece on Amaroq from Charles Archer today. Little wonder the share price is moving higher!
Posted at 23/5/2024 05:53 by philby1
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.
Amaroq Minerals share price data is direct from the London Stock Exchange