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Gold and critical-minerals explorer/developer focused on southern Greenland, now producing gold from the reopened Nalunaq mine.
Gold and critical-minerals explorer/developer focused on southern Greenland, now producing gold from the reopened Nalunaq mine.
Moving from explorer to producer, it now sells gold from Nalunaq in southern Greenland to refiners at market prices, so income is ounces times the gold price. It holds a large package of Greenland exploration licences that it funds by raising outside capital.
In one line: A small Greenland-focused junior gold miner.
Moat: none (installed base). Early-stage single-mine gold producer without meaningful scale or cost advantage yet.
Headquarters: Toronto, Canada (operations in Nuuk, Greenland) · Founded: 2015 · Employees: 24
Size Amaroq (AMRQ.L) is a United Kingdom Materials company (Precious Metals) with a market value of $657M, the 267th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £104.00 on 6 Nov 2026.
Performance Over six months the shares gained 0.5%, against -4.1% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 2,133.8% over the last twelve months (peer median +74.8%); the operating margin is 11.9% (peer median 31.0%).
Valuation It trades at 12.1× enterprise value to sales against a peer median of 3.2× (5th most expensive of 15).
Capital Return on invested capital runs 7.0 points below its cost of capital (9.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £42.8M | £14.7M | £0 | £0 | £0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | £18.8M | £1.32M | -£788,164 | -£458,549 | -£514,341 |
| EBITDA | £6.12M | -£9.42M | -£11.3M | -£13.0M | -£13.3M |
| Net income | £2.71M | -£10.1M | -£13.7M | -£490,965 | -£13.2M |
| Free cash flow | -£45.6M | -£61.8M | -£68.4M | -£34.4M | -£12.8M |
| Capital expenditure | £47.8M | £45.6M | £64.9M | £14.3M | £196,675 |
| Total debt | £46.0M | £23.0M | £16.4M | £21.6M | £444,480 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Amaroq AMRQ.L | $657M | 0% | +2,134% | 12% | 12.1× | n/a |
| Hudbay Minerals HBM.TO | $9.35B | -10% | +13% | 32% | 4.0× | 18.1% |
| Wheaton Precious Metals WPM.TO | $62.3B | +7% | +89% | 73% | 20.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMRQ.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.9% | -8.7% | 5th lowest of 21 |
| 6-month return | +0.5% | -4.1% | 10th highest of 20 |
| Distance from 52-week high | -32.9% | -29.5% | 9th lowest of 21 |
| Revenue growth (TTM) | +2,133.8% | +74.8% | highest of 12 |
| Operating margin | 11.9% | 31.0% | 6th lowest of 15 |
| EV / Sales | 12.1× | 3.2× | 5th most expensive of 15 |
| ROIC minus cost of capital | -7.0 pp | -5.4 pp | 10th highest of 19 |
| EV / EBITDA | 84.7× | 4.2× | most expensive of 10 |
| Net debt / EBITDA | 5.0× | -0.2× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Amaroq AMRQ.L | United Kingdom | $657M | 0% | +2,134% | 12% | 12.1× | n/a | n/a |
| Galiano Gold GAU.TO | Canada | $653M | +2% | +91% | 44% | 1.1× | -13.8% | +51.1% |
| New Found Gold NFGC.TO | Canada | $662M | -16% | n/a | -233% | 25.2× | n/a | n/a |
| First Mining Gold FF.TO | Canada | $670M | +33% | n/a | n/a | n/a | n/a | n/a |
| St. Barbara SBM.AX | Australia | $629M | +5% | -76% | -935% | 119.8× | n/a | n/a |
| Tungsten West TUN.L | United Kingdom | $694M | -18% | n/a | -1,558% | 818.8× | n/a | n/a |
| Metals Exploration MTL.L | United Kingdom | $617M | +17% | -17% | 32% | 3.2× | n/a | n/a |
| Troilus Mining TLG.TO | Canada | $611M | -8% | n/a | n/a | n/a | n/a | n/a |
| Santacruz Silver Mining SCZ.TO | Canada | $707M | n/a | +38% | 30% | 1.6× | 7.1% | +59.3% |
| Griffin Mining GFM.L | United Kingdom | $711M | -4% | +29% | 30% | 4.4× | 13.2% | +12.2% |
| Mako Mining MKO.V | Canada | $712M | +7% | +79% | 41% | 3.1× | 1.5% | +156.3% |
| Anglo Asian Mining AAZ.L | United Kingdom | $590M | +30% | +220% | 48% | 2.5× | -8.5% | +3.2% |
| Founders Metals FDR.V | Canada | $734M | +42% | n/a | n/a | n/a | n/a | n/a |
| Catalyst Metals CYL.AX | Australia | $746M | -28% | +75% | 45% | 1.3× | -15.5% | +85.8% |
| Gold Reserve GRZ.V | Canada | $560M | -19% | n/a | n/a | n/a | n/a | n/a |
| Andean Precious Metals APM.TO | Canada | $555M | -20% | +63% | 32% | 1.1× | -7.2% | +52.9% |
| Banyan Gold BYN.V | Canada | $554M | +18% | n/a | n/a | n/a | n/a | n/a |
| Kingsgate Consolidated KCN.AX | Australia | $779M | -39% | +77% | 38% | 1.8× | -6.9% | +117.2% |
| Forrestania Resources FRS.AX | Australia | $547M | -33% | n/a | -4,833% | 1,274.5× | n/a | n/a |
| Goldsky Resources GSKR.V | Canada | $543M | -28% | n/a | n/a | n/a | n/a | n/a |
| Brightstar Resources BTR.AX | Australia | $542M | +68% | +91% | -116% | 10.5× | n/a | n/a |