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Goldgroup Mining Inc.

Investor website: https://goldgroupmining.com/

About

Goldgroup Mining Inc. is a gold and silver producer with four 100%-owned assets across Mexico and the United States, fast-tracking toward intermediate-producer scale. The company operates two producing mines, a restart-ready mine, and an advanced development project, with a vision to produce over 250,000 oz AuEq.

Verified company data

Shares outstanding
301,504,908
Fully diluted shares
151,247,574
Mineral resource
Measured & Indicated mineral resources of 1.49 million tonnes grading 3.88 g/t gold-equivalent, with meaningful silver and base-metal credits. Gold: 56.3 Koz, 1.2 g/t; Silver: 7.8 Moz, 167 g/t; Zinc: 65.9 Mlbs, 2.0%; Copper: 6.2 Mlbs, 0.2%; Lead: 21.5 Mlbs, 0.7%. Global M&I 1,490 Kt. Contained-metal figures shown on a Measured & Indicated basis. Mineral resource estimates prepared under S-K 1300 (effective December 31, 2024); mineral resources are not mineral reserves and do not have demonstrated economic viability.
Projects
["Don David Gold Mine: A 100%-owned, producing underground gold-silver mine, the Arista complex, in the mining-friendly state of Oaxaca, Mexico, with material silver and base-metal by-products. Producing. Overview. Precious & base metals from Oaxaca. Don David is a 100%-owned, producing underground mine on a 55,000-hectare land package in Oaxaca. The Arista complex hosts a structurally-controlled, intermediate-sulfidation epithermal vein system that yields gold, silver, copper, lead and zinc, mined by a combination of cut-and-fill and long-hole methods and trucked roughly two kilometres to the Aguila mill. An estimated 37,000–52,000 ounces of gold-equivalent are expected in 2026, supported by a deep regional exploration pipeline. Arista District · Oaxaca, Mexico. 100% Ownership. 55,000 ha Property. Underground Mine type. 1,800 tpd Processing. 37–52k 2026 output. 5+ yrs Mine life. 3% Royalty. Au·Ag·Zn·Cu·Pb Metals. Resource.","Back Forty Project: A 100%-owned, gold-rich volcanogenic massive sulphide (VMS) project in the Upper Peninsula of Michigan, USA, a combined open-pit and underground operation with a definitive feasibility study underway. Development · DFS underway. Overview. A large-scale North American VMS project. Back Forty is a 100%-owned, gold-rich volcanogenic massive sulphide deposit on a 1,304-hectare land package in the Upper Peninsula of Michigan. The mine plan contemplates two open pits and an underground mine feeding a 2,500-tonne-per-day processing plant. Acquired through the purchase of Aquila Resources in 2021, after more than US$95M of prior exploration, the project has a definitive feasibility study underway and offers North American optionality and diversification. Upper Peninsula of Michigan, USA. 100% Ownership. 1,304 ha Land package. Gold-rich VMS Deposit. Open pit + UG Mining. ~120k oz/yr LOM output. 2,500 tpd Processing. 9+ yrs Mine life. DFS underway Study. Resource.","San Francisco Project: A large-scale, past-producing open-pit gold mine in Sonora, Mexico, 100%-owned and restart-ready, with 1.23 million ounces of Measured & Indicated gold. Restart-ready · targeting 2027. Overview. A restart-ready Sonoran gold mine. Acquired 100% in June 2026 through the purchase of Molimentales del Noroeste, the San Francisco Project is a large-scale, formerly-producing open-pit gold mine located approximately 150 kilometres north of Hermosillo, Sonora. The property comprises 13 concessions totalling 33,667 hectares, plus 13,284 hectares of regional concessions, and hosts a mesothermal gold deposit across two former pits, San Francisco and La Chicharra, with further upside in the North Pit and Llano extensions. Installed infrastructure includes 16,875 tpd of crushing capacity, twin ADR plants, grid power and haul roads contiguous with the highway, pointing to a low-capital restart producing gold doré with potential output of 50,000–60,000 ounces of gold-equivalent per year. Sonora, Mexico · ~150 km north of Hermosillo. 100% Ownership. 33,667 ha Concessions. 1.23 Moz M&I gold. 50–60k oz/yr Potential output. 16,875 tpd Processing. Open pit Mine type. 7 yrs Possible LOM. 2027 Targeted restart. Resource.","Cerro Prieto Gold Mine: A 100%-owned, producing heap-leach gold mine in the Cucurpe District of Sonora, Mexico, in operation since 2013. Producing since 2013. Overview. Producing gold in the Cucurpe District. The Cerro Prieto Project is a 100%-owned, ~4,335-hectare property in the Cucurpe Mining District of Sonora, Mexico, just 52 road kilometres from the regional centre of Magdalena de Kino and 150 kilometres northeast of Hermosillo. It is a shallow open-pit heap-leach operation on a mesothermal vein system, producing gold-silver doré through two crushing circuits and an adsorption-desorption-recovery (ADR) plant. It has been in production since 2013 at roughly 11,500 ounces per year, with an in-house 2026 estimate of 17,000–20,000+ ounces. Cucurpe Mining District · Sonora, Mexico. 100% Ownership. ~4,335 ha Property. Shallow open pit Mine type. 2013 Producing since. 4,200 tpd Processing. ~11,500 oz/yr Current output. 17–20k oz 2026E output. 2% Royalty."]
Leadership
Management Information / Background / Experience: Ralph Shearing CEO Mr. Shearing is an experienced and accomplished exploration and mining executive holding a designation of Professional Geologist registered in Alberta (APEGA). Since 1987 he has held senior executive positions of CEO and/or President with public junior mining and exploration companies, primarily with Luca Mining Corp., a company he founded in 1986 and successfully guided the company through the exploration and initial development phase of the Tahuehueto mine located in northwestern Durango México. Recently Mr. Shearing resigned as CEO and president of Luca Mining in place of mining professionals more qualified and experienced in operating underground mining assets. Mr. Shearing’s extensive experience of managing junior public companies, overseeing project exploration combined with his keen insight to identify quality mineral exploration and mining assets are a welcome addition to Goldgroup. Anthony Balic CFO Mr. Balic was previously the Director of Finance of Goldgroup, where he managed the entire finance and accounting function of the Company. Prior to this position, he was a Senior Manager at Deloitte LLP in Vancouver, where he specialized in assurance and advisory for mining companies. Board of Directors Information / Background / Experience: Anthony Balic CFO and Director Corry Silbernagel, P.Eng, MBA Director Mr. Silbernagel is a Vancouver-based specialist in finance. Mr. Silbernagel was most recently CFO of Cabo Drilling Corp., one of Canada's largest exploration drilling services companies. Prior to Cabo, Mr. Silbernagel was a management and financial consultant working as a corporate advisor in strategy, finance, business development and marketing. As a professional engineer, Mr. Silbernagel has managed large-scale projects in excess of $100 million in the mining and oil and gas industry for companies such as Suncor Energy and TransAlta Energy. Mr. Silbernagel holds an MBA from INSEAD in Fontainbleau, France and a Bachelors degree in Applied Science in Civil Engineering from the University of British Columbia. Blair Jordan Director Mr. Jordan is currently the Managing Partner of Restructur Advisors, a boutique restructuring and turnaround advisory firm with specific expertise in the industrial, cleantech, technology, transportation, cannabis and biotech/pharma sectors. He was the CFO of HeyBryan Media Inc. from October 2019 to November 2020. Previously, Mr. Jordan was Vice President, Corporate Development, and later CFO and Interim CEO, of Ascent Industries Corp. (January 2018 to April 2019), and Managing Director, Investment Banking at Echelon Wealth Partners Inc. (February 2012 to December 17, 2020). Roberto Guzman Director Mr. Guzmán obtained a master's degree in Finance from the Universidad Tecnologica de Mexico in 1989 and has more than 25 years of experience in the Financial Sector, primarily in Mexico. Initially working as finance manager for several Mexican publicly traded companies as well as other private Mexican financial companies. Investor Relations (IR) Contact: Sophia Shane Email: sshane@goldgroupmining.com Tel: 1.604.306.6867

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