Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
AEX Gold, Inc. (TSE:AMRQ)
TSXV:AMRQ
Holding TSE:AMRQ?
Track your performance easily
Earnings Data
Report Date
Mar 28, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-C$0.03Last Year’s EPS
-C$0.06Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 28.57%
|Next Earnings Date:Mar 28, 2025
Earnings Call Sentiment|Positive
The earnings call presented significant progress in the development of the Nalunaq mine with imminent first gold production and strategic agreements. However, higher operational costs and pending resource updates indicate ongoing challenges. The overall sentiment is positive due to the outweighing achievements and strategic advancements.Company Guidance
During the Q3 2024 earnings call for Amaroq Minerals, the executives provided several key metrics and guidance for the company's future. The processing plant for the Nalunaq mine has completed Phase 1, which has been tested, and mining has been ongoing since May, with ore stockpiling continuing as development ramps up. The company is focusing on ramping up gold production from 130 tonnes per day to 300 tonnes per day, with an estimated recovery rate increasing from 70% to 94% by the end of next year. The expected grade of the gold is between 12 grams to 16 grams per tonne. Financially, Amaroq completed capital asset investments of CAD 32 million this quarter and increased their environmental escrow account to CAD 6.9 million. They have a cash balance of CAD 26 million and drew CAD 25 million on construction loan facilities. Additionally, the strategic minerals exploration is ongoing with targets in copper and nickel, and Amaroq's exploration costs are reducing closer to industry standards in the Nordics and Arctic Canada. The company is also focusing on renewable energy initiatives to reduce dependency on diesel and save costs. They anticipate saving CAD 2 million annually through planned hydroelectric projects, and they aim to improve logistics and servicing efficiencies in Greenland.Nalunaq Mine Development Progress
The processing plant Phase 1 is ready and has been tested. Mining has been ongoing since May, with stockpiling of ore and ramping up development and mining activities.
First Gold Production Imminent
First gold production from the Nalunaq mine is imminent, with an offtake agreement signed with Auramet and Metalor to buy all the gold at market.
Completion of Exploration Season
Exploration season was completed ahead of schedule and under budget, with more drilling than anticipated.
Improvement in Mining Rate
Development rate in mining has doubled during September and October after bringing on a technical mining team.
Environmental and Strategic Initiatives
Progress on a hydro project feasibility study to save CAD 2 million annually by reducing diesel usage.
---
TSE:AMRQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TSE:AMRQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$1.47 | C$1.42 | -3.40% |
| Aug 14, 2024 | C$1.05 | C$1.02 | -2.86% |
| May 14, 2024 | C$1.30 | C$1.28 | -1.54% |
| Mar 26, 2024 | C$1.41 | C$1.33 | -5.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does AEX Gold, Inc. (TSE:AMRQ) report earnings?
AEX Gold, Inc. (TSE:AMRQ) is schdueled to report earning on Mar 28, 2025, Before Open Not Confirmed.
What is AEX Gold, Inc. (TSE:AMRQ) earnings time?
AEX Gold, Inc. (TSE:AMRQ) earnings time is at Mar 28, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AMRQ EPS forecast?
TSE:AMRQ EPS forecast for the fiscal quarter 2024 (Q4) is -C$0.03.
---