Goldgroup Reports on Cerro Prieto Optimization Program
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 (OTCQX:GGAZF) ha installato un secondo circuito di frantumazione nella miniera Cerro Prieto, al 100% di proprietà, a Sonora, raddoppiando la capacità di frantumazione a oltre 4.500 tonnellate al giorno. La direzione mira a una produzione annua di più di 24.000 once grazie al miglioramento delle attività di estrazione, indicando che in passato la produzione ammontava a circa 11.500 once all'anno. Uno studio di ingegneria indipendente condotto nel luglio 2025 ha rilevato che la ri-leaching dei vecchi pad di heap leach è economicamente fattibile; la società prevede una produzione iniziale di ri-leaching nel 1Q 2026. L'esplorazione e l'espansione delle riserve continuano a sostenere potenziali aumenti della vita utile della miniera e della produzione. Elementi societari: un accordo di servizi media di 12 mesi per CDN$100.000 e una correzione alle unità finder emesse in precedenza (ora 78.013 unità).
Goldgroup (OTCQX:GGAZF) instaló un segundo circuito de trituración en su mina Cerro Prieto, 100% propia, en Sonora, duplicando la capacidad de trituración a más de 4,500 toneladas por día. La dirección apunta a una producción anual de más de 24,000 onzas gracias al incremento en la minería, señalando que la producción pasada fue de aproximadamente 11,500 onzas al año. Un estudio de ingeniería independiente de julio de 2025 encontró que la re-procesamiento de las pilas de lixiviación existentes es económicamente viable; la empresa busca una producción inicial de re-leach en 1T 2026. La exploración y la expansión de recursos siguen respaldando posibles aumentos de la vida útil de la mina y de la producción. Elementos corporativos: un acuerdo de servicios de medios de 12 meses por CDN$100,000 y una corrección de las unidades de finder emitidas previamente (ahora 78,013 unidades).
Goldgroup (OTCQX:GGAZF) 은 Sonora 주의 Cerro Prieto 광산(전액 현지 보유)에 두 번째 파쇄 회로를 설치하여 파쇄 용량을 일일 4,500톤 이상으로 두 배로 늘렸습니다. 경영진은 향상된 채굴로 연간 24,000 온스 이상의 생산을 목표로 하며, 과거 연간 약 11,500 온스의 생산을 기록했다고 밝힙니다. 2025년 7월의 독립 엔지니어링 연구에 따르면 기존 히드 리치 패드를 재액화하는 것이 경제적으로 가능하다고 밝혔으며, 회사는 2026년 1분기에 초기 재액화를 목표로 합니다. 탐사와 자원 확장은 광산의 수명과 생산 증가 가능성을 뒷받침합니다. 기업 관련 항목으로는 12개월 미디어 서비스 계약 CDN$100,000 및 이전에 공시된 파인더 유닛의 수정(현재 78,013 유닛)이 포함됩니다.
Goldgroup (OTCQX:GGAZF) a installé un second circuit de broyage sur sa mine Cerro Prieto, détenue à 100 %, à Sonora, doublant la capacité de broyage à plus de 4 500 tonnes par jour. La direction vise une production annuelle de plus de 24 000 onces grâce à une exploitation améliorée, indiquant qu’une production annuelle passée était d’environ 11 500 onces. Une étude d’ingénierie indépendante réalisée en juillet 2025 a montré que le re-grattage des tas existants est économiquement faisable; la société vise une production initiale de ré-lixiviation au 1er trimestre 2026. L’exploration et l’expansion des ressources continuent de soutenir de potentielles augmentations de durée de vie de la mine et de la production. Éléments corporate : un accord de services médias de 12 mois pour CDN$100 000 et une correction des unités de finders émises précédemment (désormais 78 013 unités).
Goldgroup (OTCQX:GGAZF) hat in der zu 100 % im Besitz befindlichen Cerro Prieto-Mine in Sonora einen zweiten Brechkreis installiert und die Brechkraft auf über 4.500 Tonnen pro Tag verdoppelt. Das Management strebt eine Jahresproduktion von über 24.000 Unzen an, dank verbesserten Abbauaktivitäten, und verweist darauf, dass die frühere Jahresproduktion etwa 11.500 Unzen betrug. Eine unabhängige Ingenieurstudie aus Juli 2025 stellte fest, dass das Nach-Entleeren der bestehenden Heap-Leach-Pads wirtschaftlich machbar ist; das Unternehmen zielt auf eine anfängliche Nach-Leaching-Produktion im 1. Quartal 2026. Exploration und Ressourcenausbau unterstützen potenzielle Verlängerungen der Minenlaufzeit und der Produktion. Unternehmenseinträge: ein 12-Monats-Mediendienstvertrag über CDN$100.000 sowie eine Berichtigung zu zuvor bekannt gegebenen Finder-Einheiten (jetzt 78.013 Einheiten).
Goldgroup (OTCQX:GGAZF) قامت بتركيب دائرة تكسير ثانية في منجم Cerro Prieto المملوك 100% في Sonora، مما ضاعف قدرة التكسير إلى أكثر من 4,500 طن في اليوم. الإدارة تستهدف إنتاجاً سنوياً يزيد عن 24,000 أونصة من خلال تحسين التعدين، مع الإشارة إلى إنتاج سنوي سابق يقارب 11,500 أونصة. أظهرت دراسة مستقلة للهندسة أُجريت في يوليو 2025 أن إعادة استخراج الأطواق المطروحة القابلة للمسح اقتصادية؛ وتستهدف الشركة إنتاجاً ابتدائياً من إعادة الاستخراج في الربع الأول من 2026. تستمر عمليات الاستكشاف وتوسيع الموارد في دعم إمكانات عمر المناجم وزيادة الإنتاج. بنود الشركة: اتفاقية خدمات إعلامية لمدة 12 شهراً بقيمة 100,000 دولار كندي وتصحيح للوحدات التي تم الإعلان عنها سابقاً للمُكتشفين (الآن 78,013 وحدة).
Goldgroup (OTCQX:GGAZF) 在其全资拥有的 Cerro Prieto 矿山安装了第二个破碎回路，将破碎能力提升至超过4500 吨/日。管理层以改进的开采为基础，目标年产量达到超过 24,000 盎司，并指出过去的年产量约为 11,500 盎司。2025年7月的独立工程研究发现对现有堆浸场进行再浸出是经济可行的；公司计划在2026年第一季度实现初步再浸出产量。勘探与资源扩张继续支持矿山寿命与产量的潜在提升。公司要点：一份为期12 个月的媒体服务合同，金额为 CDN$100,000，以及对先前披露的找矿单位进行的更正（现为78,013 单位）。
- Crushing capacity doubled to >4,500 tonnes per day
- Company targeting >24,000 ounces gold annually
- July 2025 study found re-leaching economically feasible
- Target initial re-leach production in 1Q 2026
- Past production ~11,500 ounces; large ramp required to hit target
- Correction: finders units issued revised to 78,013 (disclosure change)
- Media services fee of CDN$100,000 over 12 months
Throughput capacity doubled with two crushing circuits now operational at site
VANCOUVER, BC, BC / ACCESS Newswire / October 9, 2025 / Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSXV:GGA)(OTCQX:GGAZF)(FSE:55G0) is pleased to announce the successful installation of a second crushing circuit at its
Mine Production Expansion
Increasing the crushing capacity at Cerro Prieto offers the potential for enhanced throughput and productivity through higher processing volumes with more material being crushed daily. Higher crushing capacity will allow the Company to reach its gold production goals, targeting over 24,000 ounces annually from our enhanced mine production. Additional gold production of up to 8,00 ounces annually is planned by initiating a re-leaching project as described below.
Boosting crushing capacity is a foundational move that unlocks efficiency across the entire operation. It is one of several strategic and operational opportunities that can significantly increase productivity, efficiency, and profitability at Cerro Prieto.
Re-leaching of Heap Leach Pads
Another key element of the optimization plan at the Cerro Prieto mine is re-leaching the existing heap leach pads. The mine has been in production since 2013 accumulating over 10 million tonnes of mineralized material on the leach pads. A July 2025 independent engineering study prepared by Anddes Mexico S.A.de C.V. indicated that recovery of residual gold within the leach pads by re-leaching is economically feasible. The Company intends to implement the re-leaching project with equipment sourcing and installation, leach pad permitting and funding over the coming months, targeting initial production from re-leaching during 1st quarter 2026.
Ongoing Exploration
Exploration and resource expansion is the third key element of the optimization plan for Cerro Prieto. Ongoing exploration of advanced gold zones as well as newly discovered zones have the potential to substantially extend the mine life. Objectives of the exploration program are to not only delineate additional resources to immediately add to the mine plan, but to possibly enable significantly increased annual production. Past production in recent years was approximately 11,500 ounces of gold annually and the Company is targeting more than doubling this from ongoing mining operations and further increasing gold production once the re-leaching project becomes operational.
Ralph Shearing, CEO, commented, "The Goldgroup team is committed to increasing gold output from the Cerro Prieto mine. Successfully adding a second crushing circuit at Cerro Prieto is an important milestone towards that goal. Cerro Prieto has been a good, steady operation for the Company for years and we are determined to optimize it to its maximum potential. In addition to Cerro Prieto, we have the newly acquired Pinos gold development project in Zacatecas State, Mexico. We continue to position ourselves for significant expansion through targeted acquisitions in the mining sector."
Corporate Update
The Company also announces that it has entered into a media services agreement (the "Agreement") with Market One Media Group ("Market One"). Located in Vancouver and Toronto, Market One is a multiplatform media solution for the capital markets operating in editorial, video and digital media. The media message is distributed via broadcast, digital and social media channels, including media platforms such as BNN Bloomberg. Market One's engagement is for a term of 12 months. The Company will pay Market One a fee of CDN
Update to Finders Fees Disclosure
In the Company's September 12, 2025, news release announcing the closing of a non-brokered private placement, the Company stated it paid cash finder's fees of
About Goldgroup
Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. The Company has a
In addition, the Company holds a
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, please contact Sophia Shane at sshane@goldgroupmining.com or +1 604 306 6867 or visit the Company's website at www.goldgroupmining.com
On behalf of the Board of Directors
Ralph Shearing
CEO
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered "forward-looking information" (within the meaning of applicable Canadian securities law) and "forward-looking statements" (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Actual results could differ materially from the conclusions, forecasts and projections contained in such forward-looking information.
These forward-looking statements reflect Goldgroup's current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors including, without limitation: successful implementation of the Company's plans at the Cerro Prieto project; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup's projects; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup's title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup's need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup's lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup's properties, as well as the risk factors disclosed in Goldgroup's Annual Information Form and MD&A. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.
Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.
SOURCE: Goldgroup Mining, Inc.
View the original press release on ACCESS Newswire
FAQ
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