Nalunaq Gold Mine Expansion and Commissioning

under construction

The project involves the commissioning and expansion of the Nalunaq Gold Mine in Greenland, including transitioning to an owner-operated mining setup, installation of key infrastructure such as tailings filter structure, slurry tanks, filter press, water tanks, flocculant skid, air compressors, plant piping, control room, electrical trays, cables, and instrumentation and control systems. Phase 1 works have been completed, and Phase 2 is scheduled for completion in Q1 2026 with an estimated cost-to-complete of C$6.5 million. The project aims to reach milling capacity by the end of 2025 to maximize gold production and cash flows in 2026.