Amaroq Boosts Nalunaq Gold Recovery to 90-95% with Flotation Circuit
Event summary
- Amaroq completed Phase 2 at Nalunaq with the commissioning of a flotation recovery circuit on June 11, 2026.
- Gold recovery expected to rise from 50-70% to 90-95%, significantly boosting production from existing ore feed.
- First gold concentrate produced alongside regular Dore gold bar pours.
- FY2026 gold production guidance reaffirmed at 25-35 koz, with H1 2026 expected between 7,000 and 10,000 oz.
The big picture
Amaroq's successful commissioning of the flotation circuit at Nalunaq aligns with broader industry trends toward optimizing existing assets in mature mining regions. The move reflects a strategic shift toward enhancing recovery rates rather than solely expanding exploration, a key dynamic in Greenland's mineral sector. The project's on-time completion underscores Amaroq's execution capabilities, which will be critical as it advances other assets in Southern Greenland.
What we're watching
- Recovery Efficiency
- How the flotation circuit's performance will affect overall gold recovery rates and operational costs.
- Production Upside
- Whether Amaroq can sustain the higher recovery rates to meet or exceed FY2026 guidance.
- Tailings Reprocessing
- The pace at which reprocessing gold-bearing tailings will contribute to additional gold production.
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