Amaroq posts Q2 2026 profit as Nalunaq gold sales lift revenue to CAD 37.3 million

• For Q2-26, revenue rose to CAD 37.3 million as 5,640 oz of gold were sold at an average realized price of USD 4,678/oz.
• Net income reached CAD 11.1 million, reflecting higher sales volumes and a CAD 25 million gross profit.
• Phase 2 flotation circuit construction finished in May; first flotation concentrate was produced in June, supporting expected recoveries of 90-95%.
• H1-26 output totaled 8,985 oz on 23,160 tonnes processed at 19.8 g/t, with 63% recovery during gravity-only operations.
• Costs increased with ramp-up activity, including CAD 7.9 million in general and administrative expense, CAD 2.3 million in exploration, and a CAD 1.9 million foreign-exchange loss.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amaroq Ltd. published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.