Goldgroup Mining Inc.

Goldgroup Mining has entered into an agreement on August 13, 2024 to acquire all of the interests owned by a group of creditors who own a loan facility pursuant to which various advances were made to Minera Apolo. The outstanding amount under the Loan Facility is currently approximately USD $2.7 million and the facility is secured against the assets and shares of Apollo located in San Luis Potosi, Mexico. Upon completion [...]

Goldgroup Mining is saddened to report a fatality at its Cerro Prieto mine in Sonora, Mexico. In an isolated incident, a mining contractor's employee was fatally injured while working in the Esperanza pit when recently blasted rock dislodged striking the worker during inspection of the blasted aera. "It is with deep sadness that we report the tragic loss of a contractor colleague. Our thoughts are with the family, friends [...]

Goldgroup Mining is pleased to provide an update to recently completed surface exploration at its 100%-owned Cerro Prieto open-pit, heap leach gold mine located in Sonora, Mexico. CERRO PRIETO MINE The Cerro Prieto Mine is an open pit heap leach gold mine. From the start of mining operations in 2013 to date, Cerro Prieto has produced 117,033 ounces of gold. Ongoing mining operations continue to produce approximately 1,000 [...]

Goldgroup Mining is pleased to provide an update to mining operations at its 100%-owned Cerro Prieto open-pit, heap leach gold mine. The Cerro Prieto Mine is an open pit heap leach gold mine. Goldgroup commenced mining operations at Cerro Prieto in 2013 based upon a measured and indicated resource of 8,220,000 metric tonnes of 0.81 g/t Au, 17.22 g/t Ag, 0.21% Pb and 0.54% Zn, published in a 2013 technical report. These [...]

Goldgroup Mining is saddened to report a fatality at its Cerro Prieto mine in Sonora, Mexico late evening local time March 5, 2024. In an isolated incident a mining contractor's dozer operator was fatally injured while operating a D8 dozer. "It is with deep sadness that we report the tragic loss of a contractor colleague. Our thoughts are with the family, friends and our Cerro Prieto team at this difficult time. The [...]

Goldgroup Mining is pleased to announce that it has closed USD$100,000 of the previously announced convertible debt financing. The Convertible Debt is unsecured, bears interest at 12% per annum, will be repayable on June 15, 2025 and is convertible into units of the Company at CAD $0.10 per unit at a fixed FX rate of 0.76 USD to CAD at the election of the holder. Each unit will be comprised of one common share of the [...]

Goldgroup Mining announces that Javier Reyes has resigned from the board of directors of the Company for personal reasons effective January 26, 2024. Mr. Reyes was appointed to the Board in May, 2013. The Company thanks Mr. Reyes for his valuable contributions during his Board tenure and wishes him every success in his future endeavors. Mr. Ralph Shearing, CEO, commented: "Mr. Reyes has been a valuable member of the [...]

Goldgroup Mining has received a letter from the Continued Listing Committee of the Toronto Stock Exchange stating that the Committee has determined to delist the Company's common shares effective at the close of market on Feb 16, 2024 for failing to meet the continued listing requirements of the TSX. The Company has been making arrangements to transition its listing to the TSX Venture Exchange and will issue a further [...]

Goldgroup Mining is pleased to announce it is in the process of arranging convertible debt financing of up to USD $400,000 of which USD $100,000 has already been received. The Convertible Debts will be unsecured, bear interest at 12% per annum, will be repayable 18 months post closing and will be convertible into common shares of the Company at CAD $0.10 per share at a fixed FX rate of 0.76 USD to CAD at the election of [...]

Goldgroup Mining Inc. hereby announces that, further to the Mining Exploitation and Option to Purchase Agreement described in Company's news release dated July 7, 2023 and related filings on Sedar+, the Company has exercised its option to purchase all of the issued and outstanding common shares of Minera Cerro Esperanza S.A de C.V. which owns the Company's previously held Cerro Prieto mining concessions. The Company has [...]