StocksMedium•12 November 2026•
1 min read
Amaroq Reports $24.4M Q3 Profit Driven by 411% Revenue Surge
Key Facts
1Amaroq reported a net profit of $24.4 million for Q3FY26, reversing a $5.3 million loss from the previous year.
2Revenue rose 411% year-on-year to $65.4 million, driven by higher gold sales and prices.
Amaroq reported a net profit of $24.4 million for the third quarter of fiscal year 2026, reversing a $5.3 million loss from the previous year. According to scanx.trade, the company's revenue surged 411% to reach $65.4 million, driven by higher gold sales volumes and prices.
The financial turnaround was primarily fueled by a substantial increase in gold production to 12.6 koz during the quarter, up from 3.5 koz in the same period last year. The average realized gold price also rose 20% to $4,184 per ounce, contributing to a gross profit of $45.6 million.