{"id":141517,"title":"Amaroq Hits 12,000oz Gold Target Early as FTSE 250 Inclusion Confirmed","publisher":"Share Talk","author":"sharetalk","published":"2026-10-06T09:36:31+00:00","modified":"2026-10-06T09:36:31+00:00","canonical_url":"https://www.share-talk.com/amaroq-hits-12000oz-gold-target-early-as-ftse-250-inclusion-confirmed/","markdown_url":"https://www.share-talk.com/amaroq-hits-12000oz-gold-target-early-as-ftse-250-inclusion-confirmed.md","json_url":"https://www.share-talk.com/amaroq-hits-12000oz-gold-target-early-as-ftse-250-inclusion-confirmed.json","category":"Mining","categories":["Mining"],"tags":["Amaroq Minerals","AMRQ","Danish Growth Fund","Eddie Wyvill","Eldur Olafsson","Europe","Gold","Greenland","Greenland Venture Fund","Jaco Crouse","Kvanefjeld mine","Nalunaq","Narsaq","North America","Reykjavík","Sava Copper Belt","URANIUM","Warwick Morley-Jepson"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/10/360157b0-44bf-4fe2-9f2c-ee8b138a0834.png?fit=1727%2C911&ssl=1","format":"news","language":"en-GB","content":"[Amaroq Ltd. (LON, Nasdaq Iceland: AMRQ; OTCQX: AMRQF)](https://www.amaroqminerals.com/)produced **12,000 ounces of gold during the third quarter of 2026**, demonstrating a significant increase in output from its Nalunaq mine in southern Greenland.\n\nGold production for the first nine months of the year reached approximately **21,000 ounces**.\n\nThe company has maintained its **2026 production guidance of 25,000 to 35,000 ounces**.\n\nThat means Amaroq needs to produce approximately **4,000 ounces in Q4 to reach the bottom of guidance and 14,000 ounces to reach the top end**.\n\nManagement highlighted that the roughly 12,000-ounce quarterly production level had originally been targeted for **Q4 2026**, meaning Nalunaq achieved that milestone one quarter earlier than planned.\n\nChief executive **Eldur Olafsson** attributed the improvement partly to increasing operational consistency and stronger gold recoveries following commissioning of the **flotation recovery circuit earlier in the summer**.\n\nThe production update provides further evidence of Nalunaq’s progression since mining operations began, although investors will now be watching whether the higher Q3 production rate can be sustained through the final quarter.\n\nAmaroq also confirmed that it will be included in the **FTSE 250 Index from market open on 8 October 2026**.\n\nThe inclusion follows the company’s move from AIM to the **Main Market of the London Stock Exchange**.\n\nFTSE 250 membership potentially increases Amaroq’s exposure to institutional investors and index-tracking funds, which may improve trading liquidity as portfolios benchmarked against the index adjust their holdings.\n\nIndex inclusion itself does not change the underlying economics of Nalunaq, but it can materially broaden the company’s potential shareholder base.\n\nFor investors, the update therefore delivers two separate positives: **Nalunaq has reached its targeted 12,000-ounce quarterly production level ahead of schedule, while FTSE 250 inclusion significantly raises Amaroq’s profile within the UK equity market**.\n\nThe main operational test is now whether Amaroq can sustain improved recoveries and production through Q4 and finish comfortably within its **25,000-35,000-ounce full-year guidance range**.\n\n**Investor takeaway: ***Amaroq produced approximately 12,000 ounces of gold from Nalunaq during Q3, reaching a production level originally targeted for Q4 one quarter early. Nine-month production now stands at around 21,000 ounces, leaving 4,000-14,000 ounces required in Q4 to achieve its unchanged 25,000-35,000-ounce full-year guidance. The company will also enter the FTSE 250 on 8 October, potentially broadening institutional and index-fund ownership.*"}