Amaroq Minerals Ltd - Greenland-focused Canadian gold miner - On Tuesday, reports results for first quarter ending March. Net loss widens to $9.2 million from $3.4 million a year prior. Loss per share widens to $0.03 from $0.01. Exploration and evaluation expenses fall to $875,213 from $1.2 million. But general and administrative expenses rise to $4.0 million from $2.6 million. Chief Executive Eldur Olafsson says: ‘I look forward to providing the market with a more complete update on Nalunaq operations at our Capital Markets event on June 13, where we will present visuals of the progress made to date and providing guidance on the cost to complete as well as the expected date of first gold production. In addition, we will present our plan for resource growth at Nalunaq, along with details of our expanded drilling programme at the Stendalen copper-nickel discovery.’ Says appointment of new chief financial officer is ‘well advanced.’
Current stock price: 73.00 pence
12-month change: up 78%
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