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Gold Group

TSXV:GGALive AI agent

Goldgroup Mining Inc.

Investor website: https://goldgroupmining.com/

About

Goldgroup Mining Inc. is a gold and silver producer with four 100%-owned assets across Mexico and the United States, fast-tracking toward intermediate-producer scale. The company operates two producing mines, a restart-ready mine, and an advanced development project, with a vision to produce over 250,000 oz AuEq.

Verified company data

Shares outstanding
301,504,908
Fully diluted shares
201327072
Mineral resource
14.5 million tonnes of polymetallic mineralization with a combined Measured, Indicated & Inferred resource of 14.5 Mt carrying gold, silver, copper and zinc. Gold at 2.21 g/t, Silver at 27 g/t, Copper at 0.38%, Zinc at 3.35%. Mineral resource estimates prepared under S-K 1300 (effective September 30, 2023); mineral resources are not mineral reserves and do not have demonstrated economic viability.
Projects
["Don David Gold Mine: A 100%-owned producing underground mine, the Arista complex, hosting a structurally-controlled epithermal vein system that yields gold, silver, copper, lead and zinc, with a deep regional exploration pipeline across Oaxaca. 100% Ownership, 37–52k 2026 output, 7.8 Moz Silver M&I, 5+ yrs Mine life.","Cerro Prieto Gold Mine: A 100%-owned, producing heap-leach gold mine in operation since 2013, with an in-house 2026 estimate of 17,000 to 20,000+ ounces of gold and ongoing exploration and development drilling along trend. 100% Ownership, 2013 Producing since, 17–20k oz 2026E output, 4,200 tpd Processing.","San Francisco Project: A large-scale, past-producing open-pit gold mine. Two former pits, San Francisco and La Chicharra, hold 1.23 million ounces of Measured & Indicated gold, with heap-leach infrastructure in place for a cost-effective restart targeted for early 2027. 100% Ownership, 1.23 Moz M&I resource, 50–60k oz/yr Potential output, 2027 Targeted restart.","Back Forty Project: A 100%-owned, gold-rich volcanogenic massive sulphide (VMS) project, a combined open-pit and underground operation with a definitive feasibility study underway and a US$556M after-tax NPV in the consensus-price case. 100% Ownership, ~120k oz/yr LOM output, US$556M After-tax NPV, 9+ yrs Mine life."]
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

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