07:59 AM EST, 11/14/2025 (MT Newswires) -- Amaroq Minerals (AMRQ.V) said Friday that its net loss narrowed in the third quarter.

The company posted a net loss and comprehensive loss of C$5.3 million, or a loss of $0.012 per share, in the three months ended Sept. 30, compared to a year-ago net loss and comprehensive loss of $14.0 million, or a loss of $0.043 per share.

Amaroq ( AMRQF ) booked revenue of $12.8 million in the third quarter compared to zero last year, driven by the start of operations at the Nalunaq gold mine in November 2024.

The mine produced 3,536 ounces of gold in the third quarter. Ahead of the planned mine shutdown in October, Nalunaq's gold production had already reached about 5,000 ounces, in line with the revised 2025 production guidance.

With the shutdown period now complete and operations restarted, Amaroq ( AMRQF ) said it now expects 2025 full-year gold production to reach 6,000-7,000 ounces.

"Amaroq ( AMRQF ) is in a strong position as we head toward 2026 with a robust financial outlook from production operations and a project pipeline which will deliver value enhancing opportunities across the decade, funded by positive cash flow from Nalunaq," Chief Executive Officer Eldur Olafsson said.

Amaroq ( AMRQF ) traded 4% lower on Thursday to $1.69 per share on the TSX Venture Exchange.