Goldgroup Mining (GGAZD) maps post-merger growth and new CEO
Rhea-AI Filing Summary
Goldgroup Mining Inc. reports several developments as it integrates its merger with Gold Resource Corporation and advances key gold and silver assets. The company filed an updated NI 43-101 technical report for the San Francisco project in Sonora, Mexico; the update adds an additional author and more detail on pre-2022 drilling, with no changes to the previously disclosed mineral resource estimate.
Across the portfolio, Goldgroup highlights active exploration and project work. At the Don David Mine in Oaxaca, more than 23,000 metres of drilling have been completed year-to-date using six underground drill rigs and one surface drill, with drilling expected to begin at the high-grade Margaritas target. At San Francisco, three drill rigs are executing a 24,000-metre diamond drilling program to refine the geological model and support mine planning as management evaluates a potential restart of production at the end of the year. Three rigs are also deployed at the Cerro Prieto heap leach gold mine, while a feasibility study for the Back Forty Project in Michigan is underway under the leadership of SLR Engineering.
The board announced a leadership transition: Chair Javier Reyes has been appointed Interim Chief Executive Officer, while former President and CEO Allen Palmiere is expected to remain in an advisory capacity. Goldgroup reiterates that its strategic direction remains unchanged, emphasizing safe operational optimization, resource expansion, advancement of development projects and disciplined growth.
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Filing Explained
The merger is reported as completed, while Javier Reyes serves as interim CEO pending a permanent search.
The July 29 Form 6-K furnishes three company news releases dated
Effective immediately, Chair Javier Reyes became Interim Chief Executive Officer while the board starts a search for a permanent CEO; former CEO Allen Palmiere is expected to remain an advisor, subject to an arrangement.
The filing identifies the permanent CEO search and whether Palmiere will continue as an advisor as the specific unresolved leadership items.
Key Figures
Key Terms
NI 43-101 Technical Report regulatory
heap leach processing facilities technical
Preliminary Economic Assessment financial
feasibility study technical
epithermal veins technical
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FAQ
What NI 43-101 technical report did Goldgroup (GGAZD) file and what changed?
How is Goldgroup (GGAZD) advancing exploration and drilling in 2026?
What is Goldgroup’s (GGAZD) strategy following its merger with Gold Resource Corporation?
What progress is Goldgroup (GGAZD) making on the Back Forty Project?
What leadership changes did Goldgroup (GGAZD) announce?
What are Goldgroup’s (GGAZD) plans for the San Francisco gold project?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of: July 2026
Commission File Number: 001-43406
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Goldgroup Mining Inc. |
||
| (Translation of registrant’s name into English) |
|
1111 Melville
Street, Suite 410 |
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| (Address of principal executive office) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | ¨ | Form 40-F | x |
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | News Release dated July 20, 2026 | |
| 99.2 | News Release dated July 23, 2026 | |
| 99.3 | News Release dated July 27, 2026 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| GOLDGROUP MINING INC. (Registrant) | |||
| Date: July 29, 2026 | By: | /s/ Chet Holyoak | |
| Name: | Chet Holyoak | ||
| Title: | Chief Financial Officer | ||
Exhibit 99.1
NEWS RELEASE
GoldGroup FILES UPDATED TECHNICAL REPORT
Vancouver, Canada – 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.
Exhibit 99.2
NEWS RELEASE
GoldGroup Accelerates Growth Strategy Following Transformational Merger; Company Advances Multi-Asset Drill Programs, Mine Development and Expansion Plans
Vancouver, Canada – July 23, 2026 – Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSXV:GORO, NYSE:GORO, FSE:55G0) is pleased to provide shareholders with a corporate update following the successful merger with Gold Resource Corporation, marking the beginning of an exciting new chapter as the Company executes its strategy to build a leading intermediate precious metals producer.
"Our integration is progressing well, and we are hitting the ground running," said Allen Palmiere, Chief Executive Officer. "With multiple producing operations, an aggressive exploration program, a robust development pipeline and a strong balance sheet, we believe GoldGroup is exceptionally well positioned to create long-term value for our shareholders."
The Company has launched its new corporate website at www.goldgroupmining.com, reflecting the combined organization and its expanded portfolio of producing mines, development projects and exploration assets. Investors can also access the Company's latest corporate presentation through the website.
Aggressive Exploration and Development Programs Driving Future Growth
GoldGroup continues to invest heavily in exploration with the objective of expanding resources, extending mine life and identifying new high-value discoveries across its portfolio.
At the 100% owned Don David Mine in Oaxaca, Mexico, the Company has completed more than 23,000 metres of drilling year-to-date, one of its largest drilling campaigns in recent years. While much of the program is focused on upgrading existing resources, a significant portion is targeting resource expansion with the goal of increasing the mine's long-term production profile.
The Company currently has six underground drill rigs and one surface drill operating at Don David, reflecting the strategic importance of this asset.
In addition, drilling is expected to commence this quarter at the highly prospective Margaritas target, where historic exploration has identified epithermal veins containing exceptionally high silver grades. The Company believes Margaritas represents an exciting exploration opportunity with the potential to add meaningful high-grade mineralization to the Don David district.
Advancing Multiple Growth Assets
At the formerly producing San Francisco gold project, three drill rigs continue work on a 24,000-metre diamond drilling program designed to refine and confirm the geological model and support future mine planning as the Company evaluates a potential restart of production at the end of the year. The 100% owned San Francisco 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.
At the 100% owned Cerro Prieto, GoldGroup has deployed three drill rigs, including two focused on resource expansion and one conducting confirmatory drilling to support the development of an updated mineral resource.
Back Forty Feasibility Study Underway
The Company is also advancing the Back Forty Project in Michigan's Upper Peninsula, where work on a comprehensive feasibility study commenced in May under the leadership of SLR Engineering.
The 100% owned Back Forty remains one of GoldGroup's most attractive long-term development assets, building upon the positive Preliminary Economic Assessment completed in 2023. The feasibility study represents another important milestone as the Company advances the project toward potential development.
Delivering Operational Performance
Operations at the Don David Mine continue to perform well and in line with management's expectations, providing a solid operational foundation for the combined company.
The Company will also continue to work on unlocking the significant value additional value at Cerro Prieto, where management sees opportunities to increase production, improve operating efficiencies and enhance cash flow generation.
Positioned for the Next Stage of Growth
With producing assets, a robust pipeline of development projects, an active exploration program, financial resources to execute its business plan and an experienced operating team, GoldGroup believes it is well positioned to execute its long-term strategy.
Management remains focused on creating a premier intermediate precious metals company through disciplined organic growth, resource expansion, operational excellence and value-enhancing acquisition opportunities.
"We are building a company with multiple avenues for growth," added CEO Allen Palmiere. "Our priorities are clear: grow our resource base, optimize our operations, advance our development projects and continue pursuing opportunities that strengthen our portfolio and create sustainable shareholder value."
Recent Market Activity
When an index provider adds or removes a stock during a rebalance (such as Russell’s reconstitution), index-tracking passive funds are required to adjust their portfolios accordingly to maintain accurate tracking alignment. This temporary, short-term occurrence accounts for much of the recent market activity in Goldgroup.
About Goldgroup
Goldgroup is a Canadian-based mining Company with four high-growth gold and silver assets. 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.
The Company also holds a 100% interest in the producing Don David gold mine in Oaxaca, Mexico, as well as the Back Forty gold/silver development project in Michigan, USA.
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.
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On behalf of the Board of Directors
Allen Palmiere
CEO
For more information:
+1 (604) 306-6867
410 – 1111 Melville St.
Vancouver, BC, V6E 3V6
www.goldgroupmining.com
ir@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.
CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release 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). Forward-looking statements relate to analyses and other information that are based on forecasts of future results, as well as estimates and assumptions of management. These statements include, without limitation, statements relating to the anticipated closing date of the Arrangement.
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: receipt of all required regulatory approvals in connection with the Arrangement, including from the TSX Venture Exchange (the “TSXV”); that the conditions precedent to the completion of the Arrangement, including but not limited to TSXV and regulatory approvals, might not be satisfied in a timely manner or at all; and the risk factors disclosed in the Company’s management information circular dated May 29, 2026, Goldgroup’s annual information form dated June 10, 2026 and other continuous disclosure materials available under the Company’s profile on SEDAR+ at www.sedarplus.ca. 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.
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Exhibit 99.3
NEWS RELEASE
GOLDGROUP ANNOUNCES LEADERSHIP TRANSITION AS COMPANY ADVANCES NEXT PHASE OF GROWTH
Board Focused on Executing Growth Strategy Following Transformational Combination
Vancouver, British Columbia – July 27, 2026 – Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSXV: GGA; NYSE American: GORO) today announced a leadership transition as the Company continues integrating its recently completed merger and advances its strategy of building a leading intermediate precious metals producer.
Effective immediately, Javier Reyes, Chair of the Board of Directors, has been appointed Interim Chief Executive Officer while the Board commences a comprehensive search for a permanent Chief Executive Officer. Mr. Reyes will continue to work closely with the Company's experienced executive and operational leadership team to execute Goldgroup's strategic priorities.
Allen Palmiere will transition from his role as President and Chief Executive Officer and is expected to remain in an advisory capacity to support an orderly leadership transition.
"On behalf of the Board of Directors, I want to sincerely thank Allen for his leadership, dedication and significant contributions to both Gold Resource Corporation and the successful combination with Goldgroup," said Javier Reyes, Chair and Interim Chief Executive Officer. "His efforts have helped establish a strong platform from which we can continue building the Company's future, and we appreciate his ongoing support during this transition."
Reyes continued, "Goldgroup enters this next chapter from a position of strength. We have a diversified portfolio of producing operations and development assets, an active exploration pipeline, an experienced technical and operating team, and the financial resources necessary to execute our business plan. Our priorities remain clear: safely optimize our operations, expand our resource base, advance our development projects, and create sustainable long-term value for our shareholders."
The Company remains focused on successfully integrating its assets while advancing multiple value-creation initiatives across its portfolio, including optimizing operations at the Don David Mine, continued resource expansion and exploration drilling, advancement of the San Francisco restart strategy, growth opportunities at Cerro Prieto, and continued progress on the Back Forty Project.
The Company's strategic direction remains unchanged and the strength of its assets, technical expertise and disciplined capital allocation provide a solid foundation for future growth.
About Goldgroup Mining Inc.
Goldgroup is a Canadian-based precious metals company focused on building a premier intermediate gold and silver producer through disciplined operations, organic growth and strategic acquisitions. The Company owns producing mines and development-stage assets in Mexico together with the Back Forty Project in Michigan, providing multiple opportunities for resource growth, production expansion and long-term value creation.
The Company's portfolio includes the producing Don David Gold Mine in Oaxaca, the Cerro Prieto Gold Mine and the San Francisco Project in Sonora, Mexico, together with the Back Forty Project in Michigan.
Goldgroup is led by an experienced team with extensive expertise in mine development, operations, exploration and corporate finance throughout the Americas.
For additional information, please visit www.goldgroupmining.com.
On behalf of the Board of Directors
“Javier Reyes”
Javier Reyes, Chair and Interim CEO
For more information:
+1 (604) 306-6867
410 – 1111 Melville St.
Vancouver, BC, V6E 3V6
www.goldgroupmining.com
ir@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.
CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release 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). Forward-looking statements relate to analyses and other information that are based on forecasts of future results, as well as estimates and assumptions of management.
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 statements include the Company’s expectations regarding Mr. Palmiere’s continued service as an advisor to the Company, the Company’s expectations regarding a search for a new Chief Executive Officer, the adequacy of the Company’s financial resources, and the Company’s near-term strategic priorities.
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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, the timing of a search for the next Chief Executive Officer, whether the parties will agree on an arrangement whereby Mr. Palmiere will continue to serve the Company in an advisory role, and the risk factors disclosed in Goldgroup’s annual information form dated June 10, 2026 and other continuous disclosure materials available under the Company’s profile on SEDAR+ at www.sedarplus.ca. 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.
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