Gold Group(TSXV:GGA)

Goldgroup Mining Inc.

Investor website: https://goldgroupmining.com/

About

Goldgroup Mining Inc. is a Canadian-based mining and metals company focused on gold production and exploration in Mexico, which is recognized as one of the world’s premier mining jurisdictions. The company's primary asset is the producing Cerro Prieto heap-leach gold mine located in Sonora, Mexico. The company is led by a seasoned team of professionals with extensive experience in mine development, corporate finance, and exploration within Mexico. In January 2026, Goldgroup announced a business combination with Gold Resource Corporation to create a new, Mexican-focused precious metals producer.

Verified company data

Cash position
Exact figure not available
Shares outstanding
301,504,908
Fully diluted shares
359564705
Mineral resource
Pinos Project Overview Pinos is a fully permitted, PEA-level gold project located in the historic Zacatecas mining belt in north-central Mexico, approximately 67 km northwest of San Luis Potosí. The project consists of 29 concessions covering 3,816 hectares, with extensive gold and silver vein systems. Zacatecas, Mexico’s second-largest mining state, hosts world-class operations such as Newmont’s Peñasquito and Capstone’s Cozamin mines. Goldgroup has acquired a 100% interest in the Pinos Project. Pinos benefits from excellent infrastructure, with paved road access to the site, available power and water, and proximity to skilled labor and mining services. Cerro Prieto Project Overview: The Cerro Prieto Project is a 100% owned, ~4,335 ha property, located in the Cucurpe Mining District, Sonora, Mexico, just 52 road kilometers from the regional center of Magdalena de Kino and 150 kilometers northeast of the city of Hermosillo. The mine has been in production since 2013, and currently produces approx. 11,500 ounces of gold annually. The Goldgroup team is committed to increasing gold output, with plans to expand annual production to over 30,000 ounces through a series of initiatives: Doubling Production: Increase daily throughput to 5,000 tons per day (tpd), significantly boosting production and profitability. Re-leaching: By re-leaching the existing leach pads, we aim to recover an additional 9,000 ounces of gold annually. Exploration and Resource Expansion: Ongoing exploration of advanced gold zones which could extend mine life by an additional 3 to 5 years. Exploration Potential As part of the strategy to double production, we are plan to advance exploration in several high-potential areas within the project. Key targets include: Nueva Esperanza Zone: This area has been partially drilled, with 17 drill holes returning excellent results. Additional drilling will continue to define the extent of this high-grade zone. Reyna Zone: An undrilled exploration target, the Reyna Zone has been trenched with promising results, suggesting it may be an extension of the Nueva Esperanza Zone. Newly Discovered Zones: Exploration along a 2.5 km trend SSE from the Centro Pit is underway. This area, part of the southern extension of the main Cerro Prieto shear zone, has produced excellent preliminary surface samples, indicating the potential to add significant resources and extend the mine’s life.
Projects
["The Cerro Prieto Project is a 100% owned, ~4,335 ha property, located in the Cucurpe Mining District, Sonora, Mexico, just 52 road kilometers from the regional center of Magdalena de Kino and 150 kilometers northeast of the city of Hermosillo. The mine has been in production since 2013, and currently produces approx. 11,500 ounces of gold annually. The Goldgroup team is committed to increasing gold output, with plans to expand annual production to over 30,000 ounces through a series of initiatives: Doubling Production: Increase daily throughput to 5,000 tons per day (tpd), significantly boosting production and profitability. Re-leaching: By re-leaching the existing leach pads, we aim to recover an additional 9,000 ounces of gold annually. Exploration and Resource Expansion: Ongoing exploration of advanced gold zones which could extend mine life by an additional 3 to 5 years. Exploration Potential: As part of the strategy to double production, we are plan to advance exploration in several high-potential areas within the project. Key targets include: Nueva Esperanza Zone: This area has been partially drilled, with 17 drill holes returning excellent results. Additional drilling will continue to define the extent of this high-grade zone. Reyna Zone: An undrilled exploration target, the Reyna Zone has been trenched with promising results, suggesting it may be an extension of the Nueva Esperanza Zone. Newly Discovered Zones: Exploration along a 2.5 km trend SSE from the Centro Pit is underway. This area, part of the southern extension of the main Cerro Prieto shear zone, has produced excellent preliminary surface samples, indicating the potential to add significant resources and extend the mine’s life.","The San Francisco Project is a large-scale project with significant upside potential and multiple exploration targets. Two pits were in operation with large volume disseminated gold deposits. All infrastructure in place allowing for a cost effective and timely restart of production. Resource upside with multiple high-priority exploration targets identified. View NI 43-101 Technical Report (PDF)."]
Leadership
Management Information / Background / Experience: Ralph Shearing CEO Mr. Shearing is an experienced and accomplished exploration and mining executive holding a designation of Professional Geologist registered in Alberta (APEGA). Since 1987 he has held senior executive positions of CEO and/or President with public junior mining and exploration companies, primarily with Luca Mining Corp., a company he founded in 1986 and successfully guided the company through the exploration and initial development phase of the Tahuehueto mine located in northwestern Durango México. Recently Mr. Shearing resigned as CEO and president of Luca Mining in place of mining professionals more qualified and experienced in operating underground mining assets. Mr. Shearing’s extensive experience of managing junior public companies, overseeing project exploration combined with his keen insight to identify quality mineral exploration and mining assets are a welcome addition to Goldgroup. Anthony Balic CFO Mr. Balic was previously the Director of Finance of Goldgroup, where he managed the entire finance and accounting function of the Company. Prior to this position, he was a Senior Manager at Deloitte LLP in Vancouver, where he specialized in assurance and advisory for mining companies. Board of Directors Information / Background / Experience: Anthony Balic CFO and Director Corry Silbernagel, P.Eng, MBA Director Mr. Silbernagel is a Vancouver-based specialist in finance. Mr. Silbernagel was most recently CFO of Cabo Drilling Corp., one of Canada's largest exploration drilling services companies. Prior to Cabo, Mr. Silbernagel was a management and financial consultant working as a corporate advisor in strategy, finance, business development and marketing. As a professional engineer, Mr. Silbernagel has managed large-scale projects in excess of $100 million in the mining and oil and gas industry for companies such as Suncor Energy and TransAlta Energy. Mr. Silbernagel holds an MBA from INSEAD in Fontainbleau, France and a Bachelors degree in Applied Science in Civil Engineering from the University of British Columbia. Blair Jordan Director Mr. Jordan is currently the Managing Partner of Restructur Advisors, a boutique restructuring and turnaround advisory firm with specific expertise in the industrial, cleantech, technology, transportation, cannabis and biotech/pharma sectors. He was the CFO of HeyBryan Media Inc. from October 2019 to November 2020. Previously, Mr. Jordan was Vice President, Corporate Development, and later CFO and Interim CEO, of Ascent Industries Corp. (January 2018 to April 2019), and Managing Director, Investment Banking at Echelon Wealth Partners Inc. (February 2012 to December 17, 2020). Roberto Guzman Director Mr. Guzmán obtained a master's degree in Finance from the Universidad Tecnologica de Mexico in 1989 and has more than 25 years of experience in the Financial Sector, primarily in Mexico. Initially working as finance manager for several Mexican publicly traded companies as well as other private Mexican financial companies. Investor Relations (IR) Contact: Sophia Shane Email: sshane@goldgroupmining.com Tel: 1.604.306.6867

Verified data last updated: 2026-05-29

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