Goldgroup Mining Inc.

Goldgroup Completes Strategic Investment in Luca Mining

Goldgroup Mining completed its strategic investment in Luca Mining, acquiring 101,123,662 subscription receipts at C$1.00 each for an aggregate C$101,123,662 in a bought deal private placement that closed October 14, 2026. Upon conversion following Luca's Cozamin Mine acquisition, Goldgroup will hold roughly 19.9% of Luca on a non-diluted basis, with investor rights including participation in future financings and the right to nominate two Luca directors. The investment signals an active M&A strategy for Goldgroup, which operates the Don David and Cerro Prieto gold mines and is advancing San Francisco and Back Forty; the company says it may further acquire or dispose of Luca securities depending on strategic priorities.

•12d ago

Goldgroup Announces Commitment for Strategic Investment in Luca Mining

Goldgroup has signed a binding commitment to invest US$75 million in Luca Mining's US$110 million private placement, supporting Luca's acquisition of the Cozamin copper-silver mine from Capstone Copper. Post-conversion and closing, Goldgroup expects to own approximately 19.9% of Luca on a non-diluted pro forma basis, with rights to nominate two directors plus equity participation and anti-dilution rights at or above 10% ownership. Goldgroup will fund the investment from cash, including its recently completed US$121.8 million private placement; its cash balance is roughly US$166 million and is expected to be about US$91 million after funding the commitment.

•29d ago

Goldgroup Upsizes Private Placement to US$125 Million in Response to Strong Investor Demand

Goldgroup upsized its non-brokered private placement from approximately US$75 million to up to US$125 million in gross proceeds, citing strong demand from both retail investors and large institutions. Each unit consists of one common share plus one-half warrant exercisable at US$5.10 for 18 months; the offering is expected to close on or about September 30, 2026, pending TSXV conditional approval and NYSE American approval. Proceeds are earmarked for working capital, advancing four 100%-owned precious-metals assets (Don David, Cerro Prieto, San Francisco, Back Forty) and funding mining-sector M&A, with no final allocation of funds yet made. The raise materially strengthens the balance sheet and adds growth optionality, but investors should note the dilution from shares and warrants, up to 5% finder commissions, and possible insider participation treated as a related-party transaction under MI 61-101.

•1mo ago

Goldgroup Highlights Its Two Producing Mines and Significant Growth Potential Across the Don David Gold Complex in Mexico

Goldgroup Mining provided an overview of its Don David Gold Complex in Oaxaca, Mexico, highlighting two producing underground mines — Arista and Alta Gracia — feeding the El Aguila facility, which has nominal capacity of 1,800 tonnes per day of flotation plus 300 tonnes per day of agitated leach. A 34,250-meter 2026 drilling program is underway across multiple vein systems, and the district land package spans 55,119 hectares along roughly 55 kilometres of the San Jose structural corridor, with Three Sisters-Gloria emerging as a new source of mine feed. Separately, the company announced an auditor change — Davidson & Company resigned and BDO USA was appointed effective September 10, 2026, with no reportable events disclosed — and a US$100,000 cash agreement with VRIC Media for a three-part interview series on The Jay Martin Show. No updated production, cost, resource, or financial figures were provided; the release functions largely as a promotional showcase of existing operations and growth optionality.

•1mo ago

Goldgroup Announces US$75 Million Private Placement with US$60 Million Already Committed by Leading Natural Resource Investors

Goldgroup Mining announced a non-brokered private placement of up to 20.5 million units at US$3.65 each, with gross proceeds of up to US$75 million. Approximately US$60 million has already been committed by Cornerstone investors including Trafigura, Eric Sprott, Rick Rule, Fiscal Wisdom, and Calu Opportunity Fund. Each unit includes a warrant exercisable at US$5.10 for 18 months, which could generate an additional US$52.4 million in proceeds if fully exercised.

•1mo ago

Goldgroup Reports Strong First Results from 26,000 Metre San Francisco Drill Program

Goldgroup reported assays from the first six drillholes of its 26,000-metre program at the formerly producing San Francisco Gold Project in Sonora, Mexico, headlined by GGD-178: 16.8 metres grading 4.36 g/t gold including 10.9 metres at 6.34 g/t. All reported holes sit within the existing pit and will feed geological and resource models backing a technical study on a potential restart, with the drilling program budgeted at approximately US$8.5 million and the study expected in Q4 2026. Management has a parallel plan to refurbish the crushing circuit and ADR plant that could support a restart as early as Q1 2027, subject to the study results and a subsequent development decision. Separately, the company disclosed four investor-marketing agreements -- Machurucuto, Lakefront, Milestone Capital and Sideways -- totaling over US$1.2 million equivalent in upfront fees, all pending TSXV acceptance.

•1mo ago

Goldgroup Files Second Quarter 2026 Financial Results and Provides Update on Combined Company

Goldgroup filed Q2 2026 financial results, reporting revenue of $21.1 million and a loss of $0.02 per share, though these figures reflect legacy operations prior to the July 17 merger with Gold Resource Corporation. The Board appointed Javier Reyes as permanent CEO, and the company revealed the combined entity holds a strong financial position with $59 million in cash and zero debt. However, the company noted a risk at the Back Forty project where a permitting milestone was missed, potentially triggering a default on a $37.2 million stream agreement if an amendment is not secured.

•1mo ago

Goldgroup Reports Selected Drill Results Highlighting Growth Potential at Don David

Goldgroup reported 25,726 meters of diamond drilling in 123 holes at its Don David complex, primarily targeting infill and expansion at the Arista and Alta Gracia mines. The program focused on supporting production replacement and defining mineralized extensions at the producing underground operations. Drill results included high-grade intercepts such as 1.92 meters grading 13.49 g/t Au and 931 g/t Ag at Arista's Sadie 1 target, and 2.55 meters grading 1,695 g/t Ag at Alta Gracia's Independencia W1. Mining at Alta Gracia restarted in February 2026, and the company believes the results indicate potential to extend mine life and grow the resource base. Management stated that the objective extends beyond replacing current production to discovering new mineralization that can create long-term shareholder value.

•2mo ago

Goldgroup Advances San Francisco Toward Potential Production Restart

Goldgroup Mining commenced a 26,053-metre drill program and technical study at its 100%-owned San Francisco Gold Project in Sonora, Mexico, to evaluate a potential production restart. The project hosts measured and indicated mineral resources totaling 1.23 million ounces of gold, alongside a conceptual exploration target at El Llano estimated between 40 and 78 million tonnes. The company also entered into marketing agreements, paying EUR 250,000 to Milestone Capital and $800,000 to Sideways Frequency to support investor communications.

•2mo ago

Goldgroup Accelerates Growth Strategy Following Transformational Merger; Company Advances Multi-Asset Drill Programs, Mine Development and Expansion Plans

Goldgroup provided a corporate update following its merger with Gold Resource Corporation, highlighting that integration is progressing well alongside active exploration programs. The company has completed over 23,000 meters of drilling year-to-date at the Don David Mine and is advancing a 24,000-meter program at the San Francisco project to support a potential production restart by year-end. Additionally, a feasibility study is underway at the Back Forty Project in Michigan, and management attributed recent market volatility to index reconstitution activity rather than operational issues.

•3mo ago

Goldgroup Mining and Gold Resource Corporation Announce Closing of Business Combination and Goldgroup’s Anticipated Listing on the NYSE American

Goldgroup Mining completed its merger with Gold Resource Corporation, creating a combined Mexico-focused junior precious metals producer with three assets. GRC shareholders received 0.3619 shares of Goldgroup for each GRC share held, and GRC now survives as a wholly owned subsidiary of Goldgroup. Goldgroup will commence trading on the NYSE American under the symbol 'GORO' upon the delisting of GRC around July 20, with the TSX-V ticker change effective July 22.

•3mo ago

Goldgroup Mining and Gold Resource Corporation Announce Expected Ticker Symbol of Combined Company

Gold Resource Corporation and Goldgroup Mining announced that the combined company will trade under the ticker symbol 'GORO' on the NYSE American following the completion of their pending merger. The transaction is expected to close after the market on July 17, 2026, with trading of the combined shares commencing prior to the open on July 20, 2026. Upon closing, GRC's common stock will be delisted from the NYSE American, while Goldgroup's shares will up-list from the OTC market to the NYSE American under the GORO symbol.

•3mo ago

Gold Resource Corporation Shareholders Approve Merger at Special Meeting

Gold Resource Corporation shareholders approved the previously announced merger with Goldgroup Mining Inc., allowing GRC to survive as a wholly-owned subsidiary of Goldgroup. The transaction is expected to close on or about July 17, 2026, subject to the satisfaction of closing conditions and a share consolidation by Goldgroup. The company is a gold and silver producer operating the Don David Gold Mine in Mexico and developing the Back Forty Project in Michigan.

•3mo ago

Gold Resource Corporation Announces Special Shareholder Meeting to Vote on Strategic Merger With Goldgroup Mining

Gold Resource Corporation has mailed its definitive proxy statement for a special shareholder meeting on July 2, 2026, to vote on a strategic merger with Goldgroup Mining Inc. Under the terms of the Arrangement Agreement, GORO shareholders will receive 1.4476 common shares of Goldgroup for each share of GORO stock, subject to a future share consolidation by Goldgroup. The Board urges shareholders to vote 'FOR' the deal, citing enhanced operational scale, expanded exploration potential, and increased gold exposure through the addition of Goldgroup's San Francisco and Cerro Prieto mines.

•4mo ago

GORO: DEFM14A · acquisition merger

Gold Resource Corporation (GORO) has entered into a definitive Arrangement Agreement to merge with Goldgroup Mining Inc. (GGA) in a reverse triangular merger. Under the terms, each outstanding GORO share will be exchanged for 1.4476 shares of Goldgroup, reflecting a 39% premium to GORO’s closing price on January 23, 2026. The transaction requires approval from a majority of GORO shareholders at a special meeting scheduled for July 2, 2026. Upon completion, current GORO shareholders are expected to own approximately 40% of the combined company, while Goldgroup’s existing shareholders will hold the remaining 60%. The merger is anticipated to close in the third quarter of 2026, subject to shareholder approvals and regulatory clearances, including from the TSXV and the Supreme Court of British Columbia. GORO’s board unanimously recommends the transaction, citing strategic diversification and a stronger balance sheet for the combined entity.

SEC DEFM14A•4mo ago

GORO: PREM14A · acquisition merger

Gold Resource Corporation (GORO) has entered into a definitive Arrangement Agreement to merge with Goldgroup Mining Inc. (GGA) in a reverse triangular merger. Under the terms, each GORO share will be exchanged for 1.4476 GGA shares, reflecting a 39% premium to GORO’s closing price on January 23, 2026. The transaction is expected to close in the third quarter of 2026, subject to shareholder approval and regulatory conditions. Current GORO shareholders are expected to own approximately 40% of the combined company, while GGA shareholders will hold the remaining 60%. The merger addresses significant liquidity challenges and going-concern doubts previously disclosed by Gold Resource. The Company’s board unanimously recommends the transaction, citing strategic diversification and a stronger balance sheet for the combined entity.

SEC PREM14A•5mo ago

Gold Resource Corporation Announces First Quarter 2026 Results

Gold Resource Corporation reported Q1 2026 net income of $4.7 million, or $0.03 per share, with $40.2 million in working capital and $31.0 million in cash and cash equivalents as of March 31, 2026. The Don David Gold Mine produced and sold 8,749 gold equivalent ounces, with gold and silver production increasing by 126% and 54%, respectively, compared to the same period in 2025. The company is also progressing with its proposed merger with Goldgroup Mining Inc., expected to close in Q3 2026, and has received unconditional approval from the Mexican National Antitrust Commission.

•5mo ago