Goldgroup Mining (TSX-V: GGA; OTC: GGAZD) and Gold Resource Corporation (NYSE American: GORO) closed their previously announced merger under an Arrangement Agreement and Plan of Merger dated January 25, 2026, as amended May 15, 2026. GRC merged with Goldgroup Merger Sub, with GRC surviving as a wholly owned subsidiary of Goldgroup. GRC shareholders are entitled to receive 0.3619 Goldgroup common shares for each GRC share.
The merger received shareholder approvals on July 2, 2026, Mexican NAC approval on April 23, 2026, final court approval on July 6, 2026, and TSX Venture Exchange approval. GRC will be delisted from the NYSE American around July 20, 2026, after which Goldgroup expects to trade on NYSE American under “GORO” and change its TSX-V symbol from “GGA” to “GORO” around July 22, 2026. Goldgroup’s board and management have been reconstituted, including the appointment of Allen Palmiere as President and CEO.
Goldgroup Mining (TSX-V: GGA; OTC: GGAZD) and Gold Resource Corporation (NYSE American: GORO) announced that, subject to all required approvals and closing conditions for their previously announced merger, Goldgroup’s common shares are expected to trade on the NYSE American under the ticker symbol “GORO”.
According to Goldgroup, the merger is expected to close after market close on July 17, 2026. Following closing, Goldgroup’s shares are expected to begin trading on the NYSE American and GRC’s common stock is expected to be delisted from the NYSE American, in each case prior to the market open on July 20, 2026. Goldgroup’s common shares are also expected to cease quotation on the OTC Markets once NYSE American trading begins.