Goldgroup Mining Inc.(TSXV:GGA)

Goldgroup Mining Inc.

Investor website: https://goldgroupmining.com/

About

Goldgroup Mining Inc. is a Canadian-based mining and metals company focused on gold production and exploration in Mexico, which is recognized as one of the world’s premier mining jurisdictions. The company's primary asset is the producing Cerro Prieto heap-leach gold mine in Sonora, Mexico. The company is led by a seasoned team of professionals with extensive experience in mine development, corporate finance, and exploration within Mexico. In January 2026, Goldgroup announced a business combination with Gold Resource Corporation to create a new, Mexican-focused precious metals producer.

Verified company data

Cash position
Exact figure not available
Shares outstanding
301,504,908
Fully diluted shares
359,564,705
Projects
["The Cerro Prieto Project is a 100% owned, ~4,335 ha property, located in the Cucurpe Mining District, Sonora, Mexico, just 52 road kilometers from the regional center of Magdalena de Kino and 150 kilometers northeast of the city of Hermosillo. The mine has been in production since 2013, and currently produces approx. 11,500 ounces of gold annually. The Goldgroup team is committed to increasing gold output, with plans to expand annual production to over 30,000 ounces through a series of initiatives: - **Doubling Production**: Increase daily throughput to 5,000 tons per day (tpd), significantly boosting production and profitability. - **Re-leaching**: By re-leaching the existing leach pads, we aim to recover an additional **9,000 ounces of gold** annually. - **Exploration and Resource Expansion**: Ongoing exploration of advanced gold zones which could extend mine life by an additional **3 to 5 years**. **Exploration Potential** As part of the strategy to double production, we are plan to advance exploration in several high-potential areas within the project. Key targets include: - **Nueva Esperanza Zone:** This area has been partially drilled, with 17 drill holes returning excellent results. Additional drilling will continue to define the extent of this high-grade zone. - **Reyna Zone:** An undrilled exploration target, the Reyna Zone has been trenched with promising results, suggesting it may be an extension of the Nueva Esperanza Zone. - **Newly Discovered Zones:** Exploration along a 2.5 km trend SSE from the Centro Pit is underway. This area, part of the southern extension of the main Cerro Prieto shear zone, has produced excellent preliminary surface samples, indicating the potential to add significant resources and extend the mine’s life.","The San Francisco Project is a large-scale project with significant upside potential and multiple exploration targets. Two pits were in operation with large volume disseminated gold deposits. All infrastructure in place allowing for a cost effective and timely restart of production. Resource upside with multiple high-priority exploration targets identified. [View NI 43-101 Technical Report (PDF)](https://goldgroupmining.com/assets/docs/reports/NI-43-101-TR-Report-San-Francisco-Project-February-2026-FINAL.pdf)"]
Leadership
Ralph Shearing (CEO, Experienced exploration and mining executive with a Professional Geologist designation in Alberta. He has held senior executive positions since 1987, including CEO of Luca Mining Corp., which he founded.), Anthony Balic (CFO, Previously Director of Finance at Goldgroup, managing finance and accounting functions. Former Senior Manager at Deloitte LLP specializing in assurance and advisory for mining companies.), Corry Silbernagel, P.Eng, MBA (Director, Specialist in finance with experience as CFO of Cabo Drilling Corp. and a background in managing large-scale projects in mining and oil and gas.), Blair Jordan (Director, Managing Partner of Restructur Advisors with expertise in various sectors. Former CFO of HeyBryan Media Inc. and Vice President at Ascent Industries Corp.), Roberto Guzman (Director, Holds a master's degree in Finance with over 25 years of experience in the Financial Sector, primarily in Mexico.)

Verified data last updated: 2026-06-12

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