Goldgroup Files Updated Technical Report

Goldgroup Mining (NYSE American: GORO, TSXV: GGA) filed an updated NI 43-101 technical report for its San Francisco Project in Sonora, Mexico, effective April 30, 2026 and dated July 16, 2026.

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Rhea-AI Summary

Goldgroup Mining (NYSE American: GORO, TSXV: GGA) filed an updated NI 43-101 technical report for its San Francisco Project in Sonora, Mexico, effective April 30, 2026 and dated July 16, 2026. The report, available on SEDAR+, adds author Mohsin Hashmi, includes more pre-2022 drilling information, and makes form updates, with no changes to the previously disclosed mineral resource estimate.

Key Figures

Report Effective Date: April 30, 2026 Revised Report Date: July 16, 2026 Announcement Date: July 20, 2026 +1 more

Report Effective Date: April 30, 2026; Updated NI 43-101 technical report
Revised Report Date: July 16, 2026; Updated NI 43-101 technical report
Announcement Date: July 20, 2026; Goldgroup announcement
Historical Drilling Period: Pre-2022; Additional information added to the updated report

Historical Context

5 past events · Latest: Jul 08

5 events

Jul 08
Share consolidation

24h Move

-1.4%

Effective date announced for previously approved 1-for-4 common-share consolidation
Jul 06
Court approval

24h Move

+0.5%

British Columbia Supreme Court granted final approval for merger arrangement
Jul 03
Option grant

24h Move

+0.0%

Correction confirmed consolidation ratio and director stock-option grant details
Jul 03
Option grant

24h Move

+0.0%

Company confirmed consolidation ratio and options granted under equity incentive plan
Jul 02
Shareholder approval

24h Move

+0.0%

Shareholders approved merger arrangement with more than 99.99% support

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ni 43-101, mineral resource estimate

2 terms

ni 43-101 regulatory

"titled "NI 43-101 Technical Report for the San Francisco Project"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

mineral resource estimate technical

"There are no changes to the mineral resource estimate previously disclosed."

A mineral resource estimate is a calculated approximation of how much metal or mineral material likely exists in a particular deposit and where it sits underground, similar to estimating how many cookies are in a jar by peeking at the layers. It matters to investors because it provides a data-based starting point for judging a project's potential value, future production and risks, while not guaranteeing recoverable or profitable amounts.

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07/20/2026 - 08:30 AM EDT

Vancouver, British Columbia--(Newsfile Corp. - July 20, 2026) - Goldgroup Mining Inc. (TSXV: GGA) (NYSE American: GORO) (FSE: 55G0) ("Goldgroup" or the "Company") is pleased to announce the filing of an updated technical report titled "NI 43-101 Technical Report for the San Francisco Project, Sonora, Mexico" with an effective date of April 30, 2026 and a revised report date of July 16, 2026. The report was prepared by William J. Lewis, BSc, PGeo, Richard M. Gowans, PEng, Tudorel Ciuculescu, BSc, MSc, PGeo and Mohsin Hashmi, PEng, PMP and is available for viewing on SEDAR+ under Goldgroup's profile. The updated report adds Mr. Hashmi as an additional author, provides additional information about pre-2022 drilling and makes certain other form updates. There are no changes to the mineral resource estimate previously disclosed.

About Goldgroup

Goldgroup is a Canadian-based mining company with three high-growth gold assets in Mexico. The Company holds a 100% interest in the recently acquired San Francisco project located in the State of Sonora. The project is fully permitted for a rapid restart of mining operations and is comprised of two open pits together with heap leach processing facilities and associated infrastructure. It is a robust project with significant gold resources and strong upside in terms of optimized development and multiple, large-scale exploration targets. In addition to the San Francisco gold project, the Company has a 100% interest in the producing Cerro Prieto heap leach gold mine located in the State of Sonora and the producing Don David Gold Mine in Oaxaca, Mexico.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.

For further information on Goldgroup, please visit www.goldgroupmining.com.

Contacts

Allen Palmiere
Chief Executive Officer
Goldgroup Mining Inc.
(604)306-6867
www.goldgroupmining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305748

FAQ

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What did Goldgroup Mining (GORO) announce about the San Francisco Project technical report on July 20, 2026?

Goldgroup Mining announced it filed an updated NI 43-101 technical report for the San Francisco Project. According to Goldgroup, the report is effective April 30, 2026, dated July 16, 2026, and is available on SEDAR+ under the company’s profile.

What changes were made in Goldgroup Mining’s (GORO) updated NI 43-101 report for the San Francisco Project?

The updated report mainly adds Mohsin Hashmi as an additional author and includes more pre-2022 drilling information. According to Goldgroup, it also makes certain form updates while leaving the previously disclosed mineral resource estimate unchanged.

Does Goldgroup Mining’s updated San Francisco Project report change the mineral resource estimate for GORO?

The updated technical report does not change the previously disclosed mineral resource estimate. According to Goldgroup, revisions are limited to adding an author, expanding information on pre-2022 drilling, and making form-related updates, without altering reported mineral resources.

Where can investors access Goldgroup Mining’s (GORO) updated NI 43-101 San Francisco Project technical report?

Investors can access the updated NI 43-101 report on SEDAR+ under Goldgroup Mining’s profile. According to Goldgroup, the document covers the San Francisco Project in Sonora, Mexico and reflects an effective date of April 30, 2026.

Who are the authors of Goldgroup Mining’s 2026 NI 43-101 report for the San Francisco Project (GORO)?

The report is authored by William J. Lewis, Richard M. Gowans, Tudorel Ciuculescu, and Mohsin Hashmi. According to Goldgroup, the 2026 update specifically adds Mohsin Hashmi as an additional author, alongside the existing qualified professionals.

What is the effective date and report date of Goldgroup Mining’s updated San Francisco Project NI 43-101 (GORO)?

The technical report has an effective date of April 30, 2026 and a revised report date of July 16, 2026. According to Goldgroup, these dates apply to the updated NI 43-101 for the San Francisco Project.

Goldgroup Files Updated Technical Report