Goldgroup Mining Inc. (GGAZF) Form 6-K — Sep 3, 2026
Goldgroup Mining closed its all-share merger with Gold Resource Corporation on July 17, 2026, issuing 59,253,705 post-consolidation shares at a 0.3619 exchange ratio and adding the producing Don David Gold Mine in Oaxaca, Mexico plus the Back Forty development project in Michigan. The combined company now trades under GORO on the NYSE American, with GRC delisted. Stand-alone Q2 2026 results showed revenue of $21.1 million, up from $5.4 million a year earlier, on 3,843 ounces of gold produced and record sales of 4,748 ounces at a $4,429 per-ounce realized price, though the company still posted a $6.1 million net loss.
Key figures
- Revenue
- 21106000
- Total Assets
- 69289000
- Cash Position
- 15715000
- Shares Outstanding
- 135644619
- Revenue h1 2025
- 9944000
- Revenue h1 2026
- 42301000
- Revenue q2 2025
- 5364000
- Grc q1 2026 cash
- 31025000
- Grc q1 2026 sales
- 43943000
- Warrant liability
- 35822000
- Accumulated deficit
- 226720000
- Aisc q2 2026 per oz
- 3425
- Share consolidation
- 1-for-4 completed July 10, 2026
- Merger shares issued
- 59253705
- Gold sales q2 2026 oz
- 4748
- Merger exchange ratio
- 0.3619 post-consolidation shares per GRC share
- Grc q1 2026 net income
- 4739000
- Osisko stream advances
- 37200000
- Grc total assets q1 2026
- 196424000
- Pinos sale consideration
- 5000000
- Pinos impairment dec 2025
- 31148000
- Gold production h1 2026 oz
- 7938
- Gold production q2 2026 oz
- 3843
- Working capital deficiency
- 31543000
- Molimentales debt purchased
- 8971000
- Realized gold price q2 2026 per oz
- 4429
AI analysis
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