Welcome to our dedicated page for Goldgroup Mining news (Ticker: GGAZF), a resource for investors and traders seeking the latest updates and insights on Goldgroup Mining stock.
Goldgroup Mining Inc. (GGAZF) is a Canadian-based gold mining company with projects in Mexico, and its news flow reflects activities across production, development, financing and corporate transactions. Company news releases describe a 100% interest in the producing Cerro Prieto heap-leach gold mine in Sonora State, the Pinos underground gold development project in Zacatecas State, and transactions related to the San Francisco gold mine in Sonora through the acquisition of Molimentales del Noroeste, S.A. de C.V. and associated restructuring processes.
On this page, readers can review news that covers mine optimization and expansion at Cerro Prieto, including the installation of a second crushing circuit and plans to increase crushing capacity and throughput. Goldgroup’s disclosures also discuss exploration and resource expansion programs at Cerro Prieto, updated NI 43-101 technical reporting on the project, and initiatives such as re-leaching of heap leach pads.
Goldgroup’s news items also address its project portfolio changes and acquisitions, such as acquiring creditors’ rights and ownership interests related to the San Francisco Mine and entering into an agreement to sell a subsidiary holding a 100% interest in the Pinos gold/silver project. In addition, the company reports on capital markets activities, including non-brokered private placements, market-making arrangements, and the commencement of trading on the OTCQX Best Market under the symbol GGAZF.
Investors following GGAZF news can use this feed to track operational updates at Cerro Prieto, developments at Pinos and the San Francisco Mine, financing transactions, and other corporate announcements that Goldgroup discloses in its public news releases.
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.
All securities are subject to a hold period until December 6, 2025.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.
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