# Gold Group (TSXV:GGA)

> Goldgroup Mining Inc.

## 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.

## Key facts

- **Cash position:** C$20M
- **Shares outstanding:** 296,449,908
- **Fully diluted shares:** 359,564,705
- **Warrants:** 58,352,297
- **Options:** 4,762,500
- **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:\n\n- **Doubling Production**: Increase daily throughput to 5,000 tons per day (tpd), significantly boosting production and profitability.\n- **Re-leaching**: By re-leaching the existing leach pads, we aim to recover an additional **9,000 ounces of gold** annually.\n- **Exploration and Resource Expansion**: Ongoing exploration of advanced gold zones which could extend mine life by an additional **3 to 5 years**.\n\n**Exploration Potential**\n\nAs part of the strategy to double production, we are plan to advance exploration in several high-potential areas within the project. Key targets include:\n\n- **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.\n- **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.\n- **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."]
- **Leadership:** Ralph Shearing (CEO, Experienced exploration and mining executive with a Professional Geologist designation in Alberta. Held senior executive positions since 1987, including CEO of Luca Mining Corp., which he founded.), Anthony Balic (CFO, Previously Director of Finance at Goldgroup, managed finance and accounting functions, and was a Senior Manager at Deloitte LLP specializing in mining companies.), Corry Silbernagel, P.Eng, MBA (Director, Specialist in finance with experience as CFO of Cabo Drilling Corp. and a background in managing large-scale projects in mining and oil and gas.), Blair Jordan (Director, Managing Partner of Restructur Advisors with expertise in various sectors, previously CFO of HeyBryan Media Inc. and Vice President at Ascent Industries Corp.), Roberto Guzman (Director, Holds a master's degree in Finance with over 25 years of experience in the Financial Sector, primarily in Mexico.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-07 — press_release — [LMS_2026-05-07_08-02-35.pdf](https://chat.orbiton.app/gga/preview/38301?documentId=38301)
- 2026-05-05 — press_release — [Subject: LATIN METALS INC.](https://chat.orbiton.app/gga/preview/38209?documentId=38209)
- 2026-04-01 — press_release — [Drilling Progress Across Multiple Targets](https://chat.orbiton.app/gga/preview/22892?documentId=22892)
- 2026-03-27 — mda — [LMS_2026-03-27_17-01-24.pdf](https://chat.orbiton.app/gga/preview/22603?documentId=22603)
- 2026-03-27 — financials — [LMS_2026-03-27_17-01-23.pdf](https://chat.orbiton.app/gga/preview/22604?documentId=22604)
- 2026-03-26 — press_release — [Latin Metals Commences First Systematic Exploration at Ventana North, within 500,000 Hectare Regional Copper Exploration Play, Northwest Argentina](https://chat.orbiton.app/gga/preview/22427?documentId=22427)
- 2026-02-25 — mda — [LMS_2026-02-25_15-20-48_filing-3940637.pdf](https://chat.orbiton.app/gga/preview/18787?documentId=18787)
- 2026-02-25 — financials — [LMS_2026-02-25_15-20-48.pdf](https://chat.orbiton.app/gga/preview/18786?documentId=18786)

## Investor FAQ

### [Latest News?](https://chat.orbiton.app/gga/faq/latest-news)

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### [Projects Overview](https://chat.orbiton.app/gga/faq/projects-overview)

Goldgroup Mining Inc. has two primary projects: the Cerro Prieto Project and the Pinos Project. The Cerro Prieto Project is a 100% owned property in Sonora, Mexico, producing approximately 11,500 ounces of gold annually, with plans to increase production to over 30,000 ounces. The Pinos Project is a fully permitted, PEA-level gold project located in the Zacatecas mining belt, covering 3,816 hectares with extensive gold and silver vein systems.

## Live AI chat

- https://chat.orbiton.app/gga/chat
- Investor website: https://goldgroupmining.com/