202631 releases
Goldgroup Completes Strategic Investment in Luca Mining
A C$101,123,662 strategic investment in Luca Mining Corp. has been completed, with Goldgroup acquiring 101,123,662 subscription receipts at C$1.00 each in a bought deal private placement that closed October 14, 2026, tied to Luca's proposed acquisition of the Cozamin Mine. On completion of the Cozamin Acquisition and conversion, Goldgroup would hold approximately 19.9% of Luca's shares on a non-diluted basis. An investor rights agreement gives Goldgroup participation rights and two board nominees while it holds at least 10%.
FinancingEric Sprott Announces Acquisition of Common Shares of Goldgroup Mining Inc.
Eric Sprott, through 2176423 Ontario Ltd., acquired 994,300 Units of Goldgroup Mining Inc. in a private placement at USD$3.65 per Unit for total consideration of $3,629,195, with each Unit comprising one common share and one-half warrant exercisable at USD$5.10 for 18 months. He now holds 12,154,046 shares and 4,460,213 warrants, about 7.2% non-diluted and 9.6% partially diluted, down roughly 0.6% partially diluted; he and 2176423 Ontario ceased to be insiders of Goldgroup Mining.
AcquisitionGoldgroup Announces Commitment for Strategic Investment in Luca Mining
A binding commitment to invest US$75 million in Luca Mining Corp. has been entered into, via participation in Luca's US$110 million private placement of subscription receipts announced September 21, 2026, funding part of Luca's acquisition of the Cozamin Mine in Zacatecas, Mexico. Goldgroup expects to hold about 19.9% of Luca's shares on a non-diluted pro forma basis, with rights to nominate two directors while holding at least 10%. The investment replaces Trafigura Pte Ltd.'s prior US$75 million backstop and will be funded from existing cash of approximately US$166 million, leaving about US$91 million. Closing requires TSXV approval.
FinancingGoldgroup Closes Record US$122 Million Non-Brokered Private Placement
A non-brokered private placement closed with 33,382,326 units issued at US$3.65 per unit for gross proceeds of US$121,845,490, exceeding the initial US$75 million target by more than 60%. Each unit includes one common share and one-half warrant exercisable at US$5.10 until March 25, 2028. Proceeds are intended for working capital and general corporate purposes, including advancing the mining and development portfolio and evaluating strategic investments and M&A; finders were paid cash commissions of US$4,219,785.04.
FinancingGoldgroup Upsizes Private Placement to US$125 Million in Response to Strong Investor Demand
The previously announced non-brokered private placement has been increased from gross proceeds of up to approximately US$75 million to up to approximately US$125 million. Each Unit comprises one common share and one-half warrant, with each whole warrant exercisable at US$5.10 for 18 months from closing, expected on or about September 30, 2026, subject to TSXV and NYSE American approvals. Eligible finders may receive a 5% cash commission; proceeds are for working capital, general corporate purposes, project advancement and M&A.
FinancingGoldgroup Highlights Its Two Producing Mines and Significant Growth Potential Across the Don David Gold Complex in Mexico
An overview of the Don David Gold Complex in Oaxaca, Mexico outlines two producing underground mines, Arista and Alta Gracia, the El Aguila plant with a nominal 1,800 tpd flotation circuit and 300 tpd agitated-leach circuit, a 55,119-hectare land package spanning roughly 55 kilometres along the San Jose corridor, and a 34,250-metre 2026 drill program underway. Mining at Alta Gracia restarted February 20, 2026. Davidson & Company LLP resigned as auditor, with BDO USA, P.C. appointed effective September 10, 2026. VRIC Media will receive US$100,000 for a three-part interview series.
CorporateGoldgroup Announces US$75 Million Private Placement with US$60 Million Already Committed by Leading Natural Resource Investors
A non-brokered private placement of up to 20,547,945 units at US$3.65 per unit for gross proceeds of up to approximately US$75 million has been launched, with about US$60 million already committed by investors including Trafigura, Eric Sprott, Rick Rule, Fiscal Wisdom, Calu Opportunity Fund and two institutional funds. Each unit includes one share and half a warrant exercisable at US$5.10 for 18 months. Closing is expected on or about September 30, 2026, subject to TSXV and NYSE American approvals.
FinancingGoldgroup Reports Strong First Results from 26,000 Metre San Francisco Drill Program
Assay results from the first six drillholes of a 26,000 metre diamond drilling program at the formerly producing San Francisco Gold Project in Sonora, Mexico included GGD-174 with 23.4 metres at 1.71 g/t gold (including 6.4 metres at 4.84 g/t), GGD-178 with 16.8 metres at 4.36 g/t gold (including 10.9 metres at 6.34 g/t), and GGD-179 with 51.0 metres at 0.58 g/t gold. The drilling is budgeted at approximately US$8.5 million, with a broader technical study expected in Q4 2026 and a possible restart in Q1 2027.
Drill resultsGoldgroup Highlights Exploration Potential at Don David
A summary of exploration potential across the DDGM district in Oaxaca, Mexico covers the producing Arista and Alta Gracia mines plus a regional land package spanning approximately 55 kilometres along the San José structural corridor, with Margaritas and El Rey identified as the more advanced regional targets. The Company previously announced, on August 17, 2026, selected results from 25,726 metres of resource definition, expansion and infill drilling completed as of July 31, 2026. Goldgroup also entered a marketing consulting agreement with Lakefront Media LLC, effective September 1, 2026, for an initial one-week period at a fee of US$150,000, subject to TSXV acceptance.
NewsGoldgroup Files Second Quarter 2026 Financial Results and Provides Update on Combined Company
Second quarter 2026 financial statements and MD&A for the period ended June 30, 2026 have been filed, covering Goldgroup prior to its July 17, 2026 combination with Gold Resource Corporation; the quarter showed gold sales of US$21.0 million, 4,748 gold ounces sold at an average realized price of $4,429, and a loss of US$6.08 million. Javier Reyes was appointed permanent CEO. Pro forma combined cash as of June 30, 2026 was US$59 million with no material debt.
CorporateGoldgroup Reports Selected Drill Results Highlighting Growth Potential at Don David
Drill results from the Don David Gold Mine complex in Oaxaca, Mexico cover 25,726 meters of diamond drilling in 123 holes over the seven months ended July 31, 2026, comprising about 16,249 meters of infill, 8,794 meters of expansion and 683 meters of ore-control drilling. Highlights include Arista hole 525086 (Sadie 1) at 1.92 m ETW of 13.49 g/t Au and 931 g/t Ag, and Alta Gracia hole 426014 (Independencia W1) at 2.55 m ETW of 1.66 g/t Au and 1,695 g/t Ag. Mining at Alta Gracia restarted February 20, 2026.
Drill resultsGoldgroup Advances San Francisco Toward Potential Production Restart
A 26,053-metre diamond drilling program has commenced at the 100%-owned San Francisco gold project in Sonora, Mexico, with completion expected in the fourth quarter of 2026, alongside a technical study evaluating a restart of mining and processing. The April 30, 2026 resource estimate totals 48.3 Mt at 0.37 g/t gold (582,000 oz) measured, 56.8 Mt at 0.35 g/t (645,000 oz) indicated, and 17.3 Mt at 0.32 g/t (178,000 oz) inferred. Goldgroup also engaged Milestone Capital for EUR 250,000 and Sideways Frequency for USD $800,000 for marketing services.
CorporateGoldgroup Announces Leadership Transition as Company Advances Next Phase of Growth
Board Chair Javier Reyes has been appointed Interim Chief Executive Officer of Goldgroup Mining Inc., effective immediately, while the Board begins a search for a permanent CEO. Allen Palmiere transitions out of the President and CEO role and is expected to remain as an advisor during the transition. The Company said its strategic priorities are unchanged, including operations at the Don David Mine in Oaxaca, the San Francisco restart strategy, Cerro Prieto, and the Back Forty Project in Michigan.
ManagementGoldgroup Accelerates Growth Strategy Following Transformational Merger; Company Advances Multi-Asset Drill Programs, Mine Development and Expansion Plans
Following its merger with Gold Resource Corporation, Goldgroup has completed more than 23,000 metres of drilling year-to-date at the 100%-owned Don David Mine in Oaxaca, Mexico, with six underground rigs and one surface rig active, and drilling expected to begin this quarter at the Margaritas target. Three rigs are working a 24,000-metre diamond drilling program at the San Francisco gold project in Sonora ahead of a potential restart at year-end, and three rigs are drilling at Cerro Prieto. A feasibility study on the Back Forty Project in Michigan began in May under SLR Engineering.
AcquisitionEric Sprott Announces Acquisition of Common Shares of Goldgroup Mining Inc.
2176423 Ontario Ltd., beneficially owned by Eric Sprott, acquired 2,552,371 common shares of Goldgroup Mining Inc. on closing of the plan of arrangement and merger with Gold Resource Corporation, exchanging its 7,052,699 GRC shares at 0.3619 Shares per GRC share. Sprott now holds 10,084,746 Shares and 3,963,063 warrants, about 7.5% non-diluted and 10.1% partially diluted, down from 10.0% and 14.4% previously. The shares are held for investment purposes.
AcquisitionGoldgroup Files Updated Technical Report
Study resultsCanadian Investment Regulatory Organization Trading Halt - GGA
Trading in Goldgroup Mining Inc. (TSX-Venture: GGA) was halted by the Canadian Investment Regulatory Organization at 11:25:11 AM ET on July 17, 2026, under a Single Stock Circuit Breaker. The halt does not apply to all issues.
CorporateCanadian Investment Regulatory Organization Trade Resumption - GGA
Trading in Goldgroup Mining Inc. (TSX-Venture: GGA) resumed at 11:30:11 AM ET on July 17, 2026, as announced by the Canadian Investment Regulatory Organization. The resumption did not apply to all issues.
CorporateCORRECTION FROM SOURCE: Goldgroup Announces 4:1 Consolidation Ratio and Grant of Stock Options
Goldgroup and Gold Resource Corporation have jointly set the previously announced share consolidation ratio at one post-consolidation share for every four pre-consolidation shares, undertaken to meet NYSE American share price listing requirements and subject to TSX Venture Exchange approval. The Company also granted certain directors 3,750,000 pre-consolidation options (937,500 post-consolidation) exercisable at $1.55 per share, vesting immediately and expiring one year from grant, subject to TSXV approval. The arrangement with Gold Resource is expected to close on or about July 17, 2026.
Corporate