Greenland Mines authorizes $20M share buyback

AI desk brief

Greenland Mines authorized a $20 million share repurchase program after raising more than $59 million in new capital, with management saying capital will still be prioritized toward Sarfartoq and Skaergaard. The stock fell 14.44% in New York on Tuesday morning; the company has an $84.44 million market cap.

For metals, the more relevant item is Skaergaard: the southeast Greenland project is a gold-palladium-platinum asset that also contains copper and cobalt, and an updated technical report said contained palladium-equivalent metal across resource categories rose by more than half while grades improved by about 80%. The company completed its 2026 field program there in early October.