Disseminated on Behalf of: Goldgroup Mining Inc.
Ralph Shearing, CEO of Goldgroup Mining Inc. (TSXV: GGA | OTCQX: GGAZF | FSE: 55G0), discusses the gold producer’s focus on building a multi-asset business across Mexico and the Americas. Operating in Sonora, Mexico, the company has completed its 100% acquisition of the fully permitted San Francisco Gold Project following final TSXV approval. As gold prices hold near record highs and investors prioritize secure jurisdictions, Goldgroup is positioning itself to convert a past-producing asset into renewed gold output.
Past-producing asset lowers Goldgroup’s restart risk
Unlike many explorers chasing early-stage discovery, Goldgroup holds a project with a long production history and infrastructure already in place, including over 1 million ounces of gold produced before the acquisition. According to Shearing, San Francisco is a “fully-permitted, shovel-ready, open-pit heap leach gold project, with current Measured and Indicated resources of 1.2 million ounces of gold, plus an additional 178,000 ounces in the Inferred category.” That permitted, built-out base lowers technical and timeline risk relative to greenfield peers. The company believes this restart-ready profile sets it apart in a market where most juniors remain years away from any production.
Gold price strength supports Mexico production play
With gold trading near record levels and investors favouring secure, mining-friendly jurisdictions, Goldgroup is positioned to capture demand for near-term production. Sonora ranks among Mexico’s most active gold regions, and the San Francisco project carries Measured and Indicated resources of 1.2 million ounces, supported by a recently filed NI 43-101 technical report that also identifies expansion potential at the adjacent El Llano zone. By pairing a permitted restart with disciplined development, the company aims to offer investors leveraged exposure to a production-stage profile rather than speculative exploration alone, with a clear path from defined resource to renewed gold output.
Goldgroup targets San Francisco gold production restart by 2027
Recent milestones include final TSXV approval and the completed 100% acquisition of San Francisco, alongside an updated technical report. Shearing says the near-term plan centres on “infill drilling to tighten historic drill spacing and optimize the mine plan, with the goal of restarting gold production by early 2027.” Looking ahead, the company points to its producing Cerro Prieto mine and its proposed business combination with Gold Resource Corporation as further catalysts for shareholders.
Goldgroup builds a multi-asset gold producer
As Goldgroup integrates San Francisco and prepares its new acquisition for restart, it stands at the intersection of strong gold prices and renewed Mexican production. With a permitted, shovel-ready project and a targeted early 2027 restart, the company is positioned to deliver disciplined growth across Mexico and the Americas.
Transcript
Ralph Shearing: I’m pleased to announce that Goldgroup Mining has received final TSX approval and has officially finalized 100% acquisition of the San Francisco Gold Project in Sonora, Mexico. This is a major milestone for us at Goldgroup.
San Francisco is a fully-permitted, shovel-ready, open-pit heap leach gold project, with current Measured and Indicated resources of 1.2 million ounces of gold, plus an additional 178,000 ounces in the Inferred category.
Our immediate focus is twofold: infill drilling to tighten historic drill spacing and optimize the mine plan, with the goal of restarting gold production by early 2027 and preparing the mine for a restart by servicing all of the equipment, crushing system, conveyors, mine laboratory, and other facilities.
Combined with our producing Cerro Prieto mine, also in Sonora, and our proposed business combination with Gold Resource Corporation, Goldgroup is building a genuinely compelling multi-asset producer in Mexico and the Americas.
We’re excited and we’re moving forward quickly, and we look forward to keeping shareholders updated as we advance.
About Goldgroup Mining Inc.
Goldgroup Mining Inc. is a Canadian-based mining company with high-growth gold assets in Mexico. In addition to the San Francisco gold mine, the company has a 100% interest in the producing Cerro Prieto heap-leach gold mine located in the State of Sonora. An optimization and exploration program is underway at Cerro Prieto to significantly increase existing production and resources. The company recently announced a proposed business combination with Gold Resource Corporation which holds a 100% interest in the producing Don David gold mine in Oaxaca, Mexico as well as the Back Forty gold/silver development project in Michigan, USA.
Learn more at goldgroupmining.com
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The scientific and technical information contained within this article has been reviewed and approved by Craig Gibson, PhD, CPG, who is an independent Qualified Person, as defined under the terms in National Instrument 43-101.
