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Skaergaard’s 2026 Resource Used a $3,500 Gold Assumption; Gold Has Since Traded Above $4,300

$GRMLPress releaseAug 12, 2026, 4:07 PM ETRead the release

Greenland Mines commenced the 2026 field season at its Skaergaard project in southeast Greenland, with drilling operations underway following the arrival of the support vessel Argus. A recently published S-K 1300 technical report revealed indicated mineral resources increased by roughly a third to 15.00 million palladium-equivalent ounces, based on a gold price assumption of $3,500 per ounce.

Key figures

Gold spot usd per oz
4367
Inferred resource moz
17.49
Indicated resource moz
15
Nsr cutoff usd per tonne
84
Gold assumption usd per oz
3500
Platinum assumption usd per oz
2100
Palladium assumption usd per oz
1725

AI analysis

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