Amaroq stock gained 5.3 percent as gold output hit target early - AD HOC NEWS

AI desk brief

Amaroq rose 5.3% to GBp 123.75 after Nalunaq hit its quarterly gold production target early, producing 12,000 oz in Q3 — originally guided for Q4 — and lifting 9M output to 21,000 oz, or 84% of the low end of full-year guidance. The company reiterated 2026 guidance of 25,000-35,000 oz, with improved recoveries following commissioning of a flotation recovery circuit.

Amaroq is also set to join the FTSE 250 at the October 8 open, adding a near-term index-flow catalyst. It completed 4,728.9 meters of drilling across 33 holes at the Nanoq Gold Project, with metallurgical testing indicating 97-99% gold recoveries using the existing Nalunaq flowsheet.