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Amaroq Ltd. engages in the acquisition, exploration, and development of mineral properties in Greenland. The company explores for gold, copper, molybdenum, graphite, platinum group elements, nickel, rare earth elements, and others. Its flagship asset is the 100% owned Nalunaq Gold mine located on northeast of Nanortalik, Greenland. The company was formerly known as Amaroq Minerals Ltd. and changed its name to Amaroq Ltd. in July 2025. Amaroq Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.
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| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -23.46M | -0.83M | -21.90M | -24.69M | -12.34M |
| Net income | -23.46M | -0.83M | -21.90M | -24.69M | -12.34M |
| Selling general administrative | 17.35M | 13.49M | 10.02M | 9.61M | 4.30M |
| Gross profit | - | - | - | -0.09M | -0.02M |
| Reconciled depreciation | 0.93M | 0.78M | 0.85M | 0.39M | 0.23M |
| Operating income | -20.95M | -22.76M | -22.85M | -23.98M | -11.29M |
| Interest expense | 0.04M | 0.03M | 0.04M | 0.04M | 0.01M |
| Interest income | 1.19M | 1.07M | 0.24M | 0.14M | 0.08M |
| Net interest income | 1.15M | 1.04M | 0.20M | 0.10M | 0.08M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 20.95M | 22.76M | 22.85M | 23.98M | 11.29M |
| Cost of revenue | - | - | - | 0.09M | 0.02M |
| Total other income expense net | -3.66M | 20.90M | 0.75M | -0.81M | -1.13M |
| Net income from continuing ops | -23.46M | -0.83M | -21.90M | -24.69M | -12.34M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 255.98M | 106.95M | 65.10M | 42.78M | 65.94M |
| Total liab | 54.82M | 42.67M | 1.87M | 2.81M | 1.66M |
| Total stockholder equity | 201.16M | 64.28M | 63.23M | 39.97M | 64.28M |
| Capital stock | 291.17M | 132.12M | 131.71M | 88.50M | 88.50M |
| Retained earnings | -97.98M | -74.53M | -73.69M | -51.80M | -27.11M |
| Cash | 45.19M | 21.01M | 50.14M | 27.32M | 61.87M |
| Total current liabilities | 46.97M | 42.10M | 1.21M | 2.10M | 0.90M |
| Net debt | - | 14.73M | - | - | - |
| Short long term debt | 28.62M | 35.74M | - | - | - |
| Total current assets | 65.88M | 43.97M | 50.68M | 27.64M | 62.31M |
| Long term investments | 21.60M | 23.49M | 0.00M | - | - |
| Inventory | 10.18M | 0.68M | 0.00M | - | - |
| Accounts payable | - | - | 1.14M | 2.05M | 0.83M |
| Non currrent assets other | 6.80M | 0.60M | 0.43M | 0.42M | 0.46M |
| Non current assets total | 190.10M | 62.98M | 14.41M | 15.14M | 3.64M |
| Capital lease obligations | 0.71M | 0.66M | 0.73M | 0.76M | 0.83M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -117.47M | -24.30M | -0.26M | -11.88M | -2.15M |
| Net borrowings | 24.26M | - | - | - | - |
| Total cash from financing activities | 145.53M | 29.36M | 43.06M | -0.07M | 73.55M |
| Net income | -23.46M | -0.83M | -21.90M | -24.69M | -12.34M |
| Change in cash | 24.18M | -29.12M | 22.81M | -34.55M | 60.36M |
| Begin period cash flow | 21.01M | 50.14M | 27.32M | 61.87M | 1.52M |
| End period cash flow | 45.19M | 21.01M | 50.14M | 27.32M | 61.87M |
| Total cash from operating activities | -6.03M | -34.36M | -20.87M | -22.29M | -9.87M |
| Issuance of capital stock | 127.68M | 0.00M | 46.31M | 0.00M | 74.55M |
| Depreciation | 0.93M | 0.78M | 0.85M | 0.39M | 0.23M |
| Change to inventory | -9.50M | - | - | - | - |
| Capital expenditures | 111.42M | 24.30M | 0.33M | 11.88M | 0.44M |
| Change in working capital | 7.78M | -17.45M | -1.09M | 1.26M | 0.19M |
| Stock based compensation | 2.05M | 1.91M | 2.05M | 0.37M | 1.03M |
| Other non cash items | 0.57M | 0.47M | 0.00M | - | -0.09M |
| Free cash flow | -117.45M | -58.66M | -21.20M | -34.17M | -10.31M |
Sector: Basic Materials Industry: Gold
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| OMG Omai Gold Mines Corp |
0.18 12.08% |
1.67 | - | - | - | 62.63 | - | -4.09 |
| ASE Asante Gold Corporation |
0.07 12.07% |
0.65 | - | 6.57 | 2.23 | 269.42 | 2.23 | 49.52 |
| THX Thor Explorations Ltd. |
0.06 6.98% |
0.92 | 3.41 | 2.77 | 2.87 | 1.88 | 1.80 | 2.44 |
| MKO Mako Mining Corp |
0.80 7.86% |
10.98 | 18.47 | 2.34 | 6.21 | 4.73 | 4.31 | 10.00 |
Amaroq Ltd. engages in the acquisition, exploration, and development of mineral properties in Greenland. The company explores for gold, copper, molybdenum, graphite, platinum group elements, nickel, rare earth elements, and others. Its flagship asset is the 100% owned Nalunaq Gold mine located on northeast of Nanortalik, Greenland. The company was formerly known as Amaroq Minerals Ltd. and changed its name to Amaroq Ltd. in July 2025. Amaroq Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.
1 First Canadian Place, Toronto, ON, Canada, M5X 1A4
| Name | Title | Year Born |
|---|---|---|
| Mr. Eldur Olafsson | Founder, Pres, CEO & Director | 1986 |
| Mr. Marthinus Jacobus Crouse | CFO & Director | 1978 |
| Mr. George Robertson Fowlie | Director of Corp. Devel. | 1945 |
| Ms. Joan Plant | VP of ESG & Corp. Sec. | 1968 |
| James Gilbertson | VP of Exploration | NA |
| Mr. William Kellaway | Vice-Pres of Exploration | 1961 |
| Mr. Eldur Olafsson | Founder, President, CEO & Director | 1986 |
| Ms. Joan Plant | Executive Vice President | 1968 |
| Mr. James Gilbertson | Vice President of Exploration | NA |
| Ms. Anna Mkrtchyan | VP of Finance & Business Optimisation | NA |
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