Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

AEX Gold Inc. (V:AEX)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 123 Front St W Suite 905
Tel: N/A
IR: See website
Key People
Eldur Olafsson
President, Chief Executive Officer, Director
Jaco Crouse
Chief Financial Officer, Director
Joan Plant
Vice President - ESG, Corporate Secretary
James Gilbertson
Vice President - Exploration
Business Overview
Amaroq Minerals Ltd., formerly AEX Gold Inc., is a Canada-based mining company engaged in the identification, acquisition, exploration and development of gold properties in Greenland. It has land package of gold and strategic mineral licenses in Southern Greenland, with nine licenses covering 4,090 square kilometers. Its project portfolio includes Tartoq, Naalagaaffiup Portornga, Vagar, Nuna Nutaaq, Saarloq, Anoritooq and Sava and one exploitation license, Nalunaq. The Tartoq project covers the Tartoq Gold Belt for a total of 248 square kilometers (km2). Naalagaaffiup Portornga conducts exploration activities on approximately 170 km2 of land in an area adjacent to the Tartoq Licence. The Vagar gold project is located within the Nanortalik Gold Belt and covers the Niaqornaarsuk Peninsula. The Nuna Nutaaq Project covers gold targets within the Nanortalik Gold Belt. Saarloq Project covers an area of approximately 818 km2 and is underlain by granitoid rocks of the Julianehab Batholith.
Financial Overview
For the three months ended 31 March 2022, Amaroq Minerals Ltd revenues was not reported. Net loss increased 26% to C$4.1M. Higher net loss reflects Salaries and benefits increase of 65% to C$640K (expense), Directors fees increase of 31% to C$157K (expense), Interest income decrease of 54% to C$20K (income). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $81.63M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$24.63M as of Mar 31, 2022
Net annual income (TTM): -$25.54M as of Mar 31, 2022
Free cash flow (TTM): -$34.34M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 177,358,737 as of Jul 21, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization