Goldgroup Mining Stock Price, News & Analysis

Goldgroup (OTCQX: GGAZF) has retained Machai Capital Inc. to provide digital marketing services, subject to TSX.V approval.

The engagement runs immediately through January 14, 2026 and compensates Machai C$200,000 plus GST. Services include SEO, SEM, lead generation, social media, email and brand marketing. Machai is described as arm's length and the campaign will be conducted in accordance with applicable TSX.V policies.

Goldgroup (OTCQX:GGAZF) installed a second crushing circuit at its 100% owned Cerro Prieto mine in Sonora, doubling crushing capacity to over 4,500 tonnes per day. Management is targeting annual production of over 24,000 ounces from enhanced mining, noting past production of ~11,500 ounces annually. A July 2025 independent engineering study found re-leaching existing heap leach pads economically feasible; the company targets initial re-leach production in 1Q 2026. Exploration and resource expansion continue to support potential mine-life and production increases. Corporate items: a 12-month media services agreement for CDN$100,000 and a correction to previously disclosed finders units issued (now 78,013 units).

Goldgroup Mining (OTCQX:GGAZF) has acquired 52.7% of creditors' rights in Molimentales del Noroeste's restructuring proceeding for approximately US$3.74 million. This strategic acquisition positions Goldgroup to file a Plan of Arrangement to potentially gain ownership of the San Francisco Mine in Sonora, Mexico.

The San Francisco Mine acquisition would include mining concessions, processing plants, and related infrastructure. As a historically significant gold producer in Sonora, the mine presents substantial exploration, development, and production potential. However, the completion requires various approvals, including from the TSX Venture Exchange, Mexican Court, and settlement of outstanding government liabilities.

Goldgroup Mining (OTCQX:GGAZF) has successfully closed its previously announced CAD $4 million non-brokered private placement. The company sold 4,848,485 units at $0.825 per unit, with each unit consisting of one common share and one warrant exercisable at $1.05 until September 12, 2027.

The company paid $182,505 in finder's fees and issued additional finder's warrants and units. The proceeds will be used to pursue strategic acquisition opportunities, particularly focusing on mining assets and operating mines, though the company cautions that the acquisition process may be lengthy with no guaranteed outcomes.

Goldgroup Mining (OTCQX:GGAZF) has successfully closed a CAD $12 million non-brokered private placement, issuing 15,000,000 units at $0.80 per unit. Each unit includes one common share and one warrant, exercisable at $1.10 per share until August 5, 2027.

Notable investor Eric Sprott, through his corporation, acquired 1,875,000 units for $1.5 million, increasing his ownership to 10.5% non-diluted and 15.2% partially diluted. The company issued 1,086,187 finder's units to finders. The proceeds will be used to pursue strategic acquisition opportunities, including potential operating mines or stakes in mining companies.

Goldgroup Mining (OTCQX:GGAZF) has announced the retention of Venture Liquidity Providers Inc. (VLP) to provide market-making services for the company's common shares. The services will be executed through W.D. Latimer Co. Ltd., a registered broker, in compliance with TSX Venture Exchange policies.

The agreement includes a monthly fee of $5,000 for an initial term of 3 months, with automatic renewal for successive 1-month terms thereafter. The agreement can be terminated by either party at any time. VLP, a Toronto-based consulting firm specializing in TSX-V-listed issuers, has no current interest in Goldgroup or its securities.

Goldgroup Mining (TSXV:GGA, OTCQX:GGAZF) has begun trading on the OTCQX® Best Market under the symbol "GGAZF" while maintaining its primary listing on the TSX Venture Exchange. The company is working to double gold production at its Cerro Prieto Gold Mine and advancing studies on the newly acquired, fully permitted Pinos gold development project.

CEO Ralph Shearing highlighted that trading on OTCQX will enhance the company's visibility to U.S. investors and support their expansion strategy through targeted mining sector acquisitions. The OTCQX Market provides cost-effective access to U.S. capital markets for companies meeting high financial standards and corporate governance requirements.

Goldgroup Mining (OTCID:GGAZF) has completed the acquisition of the Pinos gold/silver project in Mexico's Zacatecas mining belt. The fully permitted project spans 3,816 hectares across 30 contiguous mining concessions and features high-grade vein systems with historical production grades up to 80 g/t gold.

The project, located in Mexico's second-largest mining state, benefits from excellent infrastructure including paved roads, power, water, and proximity to skilled labor. Historical production records from 1900 to 1942 demonstrate the project's high-grade potential. The company plans to update the 2018 Preliminary Economic Assessment to evaluate current economics and advance towards a production decision.