Goldgroup Mining is pleased to share recent positive metallurgical testing results for Esperanza and Neuva Esperanza Zones at the Company's 100% owned Cerro Prieto Mine. HIGHLIGHTS Cyanide Agitated Bottle Roll Leach Testing on Composite Samples Esperanza Zone - Average gold, silver extractions of 78.03%, and 63.12% obtained after 72 hours of retention time. Nueva Esperanza Zone - Average gold silver extractions of 82.07 [...]
Goldgroup Mining is pleased to announce that it has closed the non-brokered private placement previously announced on August 22, 2024. Pursuant to the Private Placement, the Company issued a total of 15,500,00 units at CAD $0.05 per Unit for gross proceeds of CAD $775,000. Each Unit consists of one common share and one common share purchase warrant, with each Warrant being exercisable to purchase one Common Share at a [...]
Goldgroup Mining is pleased to announce the retention of Peak Investor Marketing, which provides full-service marketing and consulting services focused on the junior mining sector. Peak is an independent arms-length entity that will assist Goldgroup with marketing strategy and planning, corporate communications and public relations, with the goal of increasing market awareness for the Company. Peak has been retained by [...]
Goldgroup Mining is pleased to announce a non-brokered private placement of up to 20,000,000 units of the Company at a price of $0.05 per Unit for aggregate gross proceeds of up to approximately $1,000,000. Each Unit will consist of one common share and one common share purchase warrant, with each Warrant being exercisable to purchase one Common Share at a price of $0.10 for 24 months from the date of issuance; provided [...]
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 [...]
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