Amaroq talks production operations at Nalunaq
Executive Summary
- Production at the Nalunaq gold mine is running ahead of expectations, with ~5,000 oz produced to 7 Oct 2025 and throughput on track for a 300 t/d nameplate by year‑end.
- A planned four‑week shutdown in October will complete Phase 1 (gravity circuit automation) and allow Phase 2 construction (flotation circuit) to restart in Dec 2025, targeting completion by Q1 2026.
- 2025 exploration programs (surface & underground drilling at Nalunaq, the 4,804‑m Nanoq drill, satellite gold, copper and critical metals work) are finished or underway, with assay results expected in Q4 2025 and a resource update slated for Q1 2026.
Key Details
- Operations – Production:
- Gold output to 7 Oct 2025 ≈ 5,000 oz, matching revised full‑year 2025 guidance.
- Double‑shift processing plant implemented ahead of schedule in H2 2025.
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Planned shutdown: third week of Oct 2025, ~4 weeks duration; will fully automate gravity circuit and finish major civil works (Phase 1).
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Operations – Phase 2 Construction:
- Installation of flotation circuit (civil works, piping, electrical, equipment) largely complete.
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Remaining work to be performed inside plant after shutdown, restarting Dec 2025 and continuing through Q1 2026.
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Throughput Goal:
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Target nameplate throughput of 300 t/d by year‑end 2025.
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Guidance Update:
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Updated FY 2025 production guidance to be released after shutdown confirmation, coinciding with Q3 2025 results on 14 Nov 2025.
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Exploration – Nalunaq South Deep (Surface):
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Completed drilling ~250 m down‑dip of current resource; results pending for next mineral resource update (Q1 2026).
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Exploration – Nalunaq Underground:
- Drilling completed between 725–790 m levels; further definition drilling planned from 800 m upward.
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Focus on high‑grade Main vein and parallel 75 vein.
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Exploration – Nanoq Project:
- 4,804 m drill program finished on schedule; core logging & sampling in progress, initial assay results expected Q4 2025.
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Winterization of camp/equipment underway to enable earlier drilling start next year.
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Satellite Exploration:
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Gold, copper and critical metals programs completed; assays pending.
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Strategic Site Visits:
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Teams visited Black Angel and Kangerluarsuk projects for logistics and development pathway assessment; resampling program conducted.
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Management Comment:
- CEO Eldur Olafsson: “We are ahead of schedule across all key workstreams… I look forward to providing a full update on operations and outlook at our Q3 2025 results on Nov. 14, 2025.”
Notable Quotes
- Eldur Olafsson, Chief Executive: “I am pleased with the progress the team and our commissioning crews and contractors have delivered to date. We are ahead of schedule across all key workstreams, a clear testament to the strength and capability of Amaroq's people.”