Goldgroup Mining
Chart
goldgroup mining Overview
Goldgroup Mining (TSXV:GGA,OTC:GGAZF) is a Canadian gold company focused on building a growing portfolio of producing and development-stage gold assets in Mexico, one of the world’s leading precious metals jurisdictions. The company’s strategy combines production growth, mine restart initiatives and disciplined project advancement to build operational scale and long-term value.
Goldgroup’s current portfolio is anchored by two core assets in Sonora Mexico: the producing Cerro Prieto and the San Francisco mine, a large-scale past-producing open-pit gold operation with substantial installed infrastructure that Goldgroup is planning to bring back into production late 2026 or early 2027. Together, these two assets provide multiple avenues for production growth, operational optimization and resource expansion. Assuming a successful merger as described above, the company could have three producing mines and an advanced feasibility stage development project capable of providing significant growth for its shareholdeers.
The company is advancing its projects during a strong gold market environment where operating assets, restart opportunities and permitted development projects continue to attract investor attention. Goldgroup’s emphasis on brownfield assets with historical production and existing infrastructure helps reduce development timelines and capital requirements while supporting a disciplined growth profile.
In January 2026, Goldgroup announced a business combination with Gold Resource Corporation to create a larger Mexican-focused precious metals producer, further strengthening the company’s long-term growth strategy and operational scale.
Goldgroup is led by an experienced management and board team with extensive backgrounds in mine development, operations, restructuring and corporate finance. Supported by the Calu Group and executives with proven success in developing and restarting mining operations in Mexico, the company is focused on executing a scalable gold growth strategy across its portfolio.
Company Highlights
- Two Complementary Gold Assets in Mexico: Goldgroup’s portfolio includes the producing Cerro Prieto heap leach gold mine, the fully permitted former producing San Francisco open-pit heap leach gold mine advancing towards a restart, both mines located in Sonora State, Mexico.
- Production Growth Strategy: The company’s operating and development pipeline collectively, post successful merger, outlines a pathway towards more than 100,000 ounces of annual gold equivalent production.
- Expanded Cerro Prieto Throughput Capacity: With the successful installation of a second crushing circuit, Cerro Prieto now has expanded throughput capacity has beyond 4,200 tpd.
- Additional Near-Term Production Potential: Planned tailings re-processing and re-leaching initiatives at Cerro Prieto are expected to contribute up to an additional 9,000 oz/year over approximately five years.
- Large-Scale Restart Opportunity at San Francisco: The San Francisco mine produced 56,099 ounces of gold in 2021, its last full year of production and, historically, from 2010 to 2023, approximately 1.3 million ounces. The mine includes extensive installed infrastructure with a processing capacity of 16,875 tpd.
- Updated San Francisco Resource Base: A 2026 updated NI 43-101 technical report outlined 1.226 million ounces of measured and indicated gold resources and 178,000 ounces inferred at San Francisco. The report also outlines an “Exploration Target based on widespread drilling potentially containing between 40 million tonnes at 0.61g/t Au (possible 788,000 oz Au) to 78 million tonnes at 0.38g/t Au (possible 960,000 oz Au).”
- Infrastructure and Permitting Advantages: Goldgroup’s assets benefit from existing infrastructure, historical production and advanced permitting, supporting a potentially streamlined and very low capital cost path toward expanded operations and production growth.
- Experienced Leadership and Strategic Support: The company is backed by the Calu Group and founders of Luca Mining, bringing extensive expertise in mine development, operations, restructuring and financing in Mexico.
- Recognized Market Performance: Goldgroup was named to the 2026 TSXV Top 50 Performing Companies list.
- Goldgroup is pursuing a business combination through a plan of arrangement to combined with Gold Resources Corporation, expected to complete once shareholder, regulatory and corporate approvals are achieved in the coming months. Once achieved, Goldgroup as a merged company will add another producing Mexican Mining operation plus in advance staged feasibility level VMS project to its assets. (Please see press release dated January 26, 2026 for details of the transaction)
Detailed Quote
Cerro Prieto Open Pit Gold Mine
Ralph Shearing – Chief Executive Officer
Ralph Shearing is a professional geologist with nearly four decades of mining and exploration experience. He previously founded and led Luca Mining, where he oversaw the exploration, development, construction, and pre-production of the Tahuehueto gold mine, along with the acquisition and successful restart of the Campo Morado polymetallic mine in Mexico.
Anthony Balic – Chief Financial Officer & Director
Anthony Balic has extensive experience in mining finance, accounting and corporate advisory. Before joining Goldgroup, he held senior advisory and assurance roles at Deloitte LLP focused on mining companies and now oversees the company’s finance, accounting and capital strategy functions.
Corry Silbernagel – Director
Corry Silbernagel is a financial and technical specialist with experience across the mining and energy sectors. His background includes serving as CFO of Cabo Drilling and managing large-scale projects at Suncor and TransAlta, contributing expertise in strategic finance, development and operations.
Blair Jordan – Director
Blair Jordan is managing partner at Restructure Advisors with extensive experience in restructuring, turnaround management and investment banking. He has served in executive leadership roles for several public companies, including CFO and interim CEO positions.
Roberto Guzman – Director
Roberto Guzman brings more than 25 years of financial leadership experience in Mexico. He has held finance management positions across numerous public and private companies and contributes significant expertise in corporate finance and Mexican business operations.
*Disclaimer: This profile is sponsored by Goldgroup Mining ( TSXV:GORO ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Goldgroup Mining in order to help investors learn more about the company. Goldgroup Mining is a client of INN. The company's campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
This profile contains forward-looking information, including statements regarding planned activities, timelines, business objectives, and market conditions. Forward-looking information is based on assumptions and is subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those anticipated. Readers should not place undue reliance on forward-looking information, which reflects the views of the profiled company as of the date of this profile and is not updated by INN.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Goldgroup Mining and seek advice from a qualified investment advisor.