Welcome to our dedicated page for Goldgroup Mining news (Ticker: GORO), a resource for investors and traders seeking the latest updates and insights on Goldgroup Mining stock.
Gold Resource Corporation reports developments tied to its gold and silver mining business, with operations centered on the Don David Gold Mine in Oaxaca, Mexico and project development at the Back Forty Project in Michigan. Company updates cover production and financial results, metal sales, mine operating conditions, contractor or site-access disruptions, and technical work such as feasibility-study activity for Back Forty.
Recurring corporate news also includes material agreements, shareholder voting matters, capital-structure disclosures, governance items, and operating updates that frame the company's producer, developer, and explorer profile.
Goldgroup (TSXV/NYSE American: GORO) provides a corporate update following its merger with Gold Resource, outlining an accelerated growth and exploration strategy across multiple assets. The company has launched a new website showcasing its enlarged portfolio of producing mines, development projects and exploration properties.
At the 100% owned Don David Mine in Oaxaca, Goldgroup has completed over 23,000 metres of drilling year-to-date, using six underground and one surface rig, focused on resource upgrades and expansion. Drilling is expected to start this quarter at the Margaritas target, where historic work identified high-grade silver epithermal veins.
Three rigs are executing a 24,000-metre diamond drill program at the fully permitted San Francisco project in Sonora as the company evaluates a potential production restart at year-end. At Cerro Prieto, three rigs are advancing resource expansion and confirmatory drilling, while a feasibility study for the Back Forty project in Michigan began in May under SLR Engineering. According to Goldgroup, Don David operations are performing in line with expectations, and recent share trading has been influenced by index rebalancing activity.
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.
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.
Gold Resource (NYSE American: GORO) reported that FTSE Russell has notified the company that, following its previously announced merger with Goldgroup Mining, the combined company will be ineligible for inclusion in the Russell 2000 Comprehensive Factor Index starting July 20, 2026. FTSE Russell’s decision is described as stemming from Goldgroup’s Canadian home country indicators, which do not meet the index family’s nationality eligibility requirements.
According to Gold Resource, the company had been added to certain Russell indexes effective after the close on June 26, 2026 as part of the regular Russell U.S. index reconstitution. The merger remains subject to required approvals and closing conditions and is expected to close after the market close on July 17, 2026.
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.
Gold Resource (NYSE American: GORO) announced that shareholders approved the previously announced Arrangement Agreement and Plan of Merger with Goldgroup Mining and its wholly owned subsidiary, Goldgroup Merger Sub.
Merger Sub will merge into Gold Resource, which will survive as a wholly owned subsidiary of Goldgroup. Subject to remaining approvals and conditions, closing is expected on or about July 17, 2026, following a Goldgroup share consolidation.
Gold Resource (NYSE American: GORO) has scheduled a Special Meeting of shareholders for July 2, 2026 to vote on a strategic merger with Goldgroup Mining.
Under the Arrangement Agreement, GRC stockholders are to receive 1.4476 Goldgroup shares per GRC share in a reverse triangular merger, subject to a potential Goldgroup share consolidation.
Shareholders of record as of May 26, 2026 will vote on the Merger Proposal, a non-binding merger-related compensation proposal, and a possible adjournment to solicit additional proxies.
Gold Resource Corporation (NYSE: GORO) reported Q1 2026 production from Don David: 1,548 oz gold, 374,232 oz silver, and 8,749 AuEq oz. Total cash cost was $2,164/AuEq oz and all-in sustaining cost $3,476/AuEq oz. Net income was $4.7M ($0.03/share). Working capital was $40.2M and cash $31.0M as of March 31, 2026. The company is advancing a proposed merger with Goldgroup (exchange ratio 1.4476), targeting close in Q3 2026; Mexican antitrust approval was received April 27, 2026.
Gold Resource Corporation (NYSE American: GORO) engaged Responsible Mining SolutionsCorp., part of SLR Consulting, to complete a comprehensive Feasibility Study for its wholly owned Back Forty project in Michigan. Work begins immediately and will evaluate technical, economic, processing, infrastructure, environmental, and mine design considerations.
The company cites a 2023 Technical Report Summary using $1,800/oz gold, $23.30/oz silver and $3.90/lb copper that produced an IRR of 25.7% and NPV@6% of $214.5 million. The Feasibility Study aims to inform scope, sequencing, permitting and execution and may lead to follow-on technical and permitting support.
Gold Resource Corporation (NYSE American: GORO) reported full-year 2025 results highlighting an operational turnaround, $25.0 million cash balance and improved production at Don David Gold Mine (DDGM).
DDGM produced 23,125 gold equivalent ounces (4,944 gold oz; 1,461,898 silver oz). DDGM cash costs after co-product credits were $2,205 per AuEq and AISC $2,807 per AuEq. Working capital was $32.0 million. 2025 capital and exploration totaled $23,983.