Greenland Mines' Skaergaard Project Kicks Off 2026 Field Season
Greenland Mines Ltd (Nasdaq: GRML) is underway with its 2026 field season at the Skaergaard gold, palladium, and platinum project in southeast Greenland. The company announced on August 11 that its support vessel Argus has anchored near the area identified for initial drilling and bulk sampling.
The resource behind this work was calculated using a gold price deck of US$3,500 per ounce, which is below the current market price of around US$4,367 an ounce. The deposit's mineral resource estimate was published in July 2026, showing indicated resources of 153.6 million tonnes grading 3.04 grams per tonne palladium equivalent for 15.00 million ounces of contained palladium equivalent.
The field season is expected to support further upgrading of the mineral resource, advance metallurgical and engineering studies through bulk sampling, and generate environmental, geotechnical, and infrastructure data required to advance the project toward an Initial Assessment.