Goldgroup Mining Inc.

Goldgroup Mining Inc. is pleased to announce that it has closed a definitive agreement in respect of the previously announced secured loan facility in the amount of USD$3,000,000 among the Company as guarantor, the Company's subsidiary, Minas de Oroco Resources, S.A. de C.V. , as borrower, and Accendo Banco S.A., Multiple Banking Institution, as lender . Facility Terms The Facility will be available for drawing for 12 [...]

Goldgroup Mining Inc. is pleased to announce that it has signed an indicative term sheet in respect of a secured loan facility with Accendo Banco S.A., Multiple Banking Institution , in the amount of USD$3,000,000 . Facility Terms As set out in the Term Sheet, the Facility will be available for drawing for 12 months following the date on which certain conditions precedent to the Facility have been satisfied , with a [...]

Goldgroup Mining Inc. announces that the Mexican federal government has mandated that all non-essential businesses, temporarily suspend operations until April 30 due to the COVID-19 virus. The Company will work towards an orderly reduction of mining, crushing and stacking activities. Given that the Company operates a heap leach mine, the Company expects metal production and metal sales will continue during this time [...]

Goldgroup Mining Inc. provides a response to DynaResource Inc.’s news release from December 20, 2019. The Company is currently awaiting the written judgment of the 11th Federal Circuit Collegiate Court in México to be published to assess its contents and reasons for judgment. The Company will continue to pursue all legal avenues in Mexico to achieve a favorable resolution to the DynaUSA dispute. In addition [...]

Goldgroup Mining Inc. announces that Keith Piggott and Harry Burgess have resigned from the Board of Directors pursuant to the Company’s Majority Voting Policy. The Company would like to thank Mr. Piggott and Mr. Burgess for their time, services, and for the valuable contributions made during their time with the Company. About Goldgroup Goldgroup is a Canadian-based gold production, development, and exploration [...]

Goldgroup Mining Inc. announces that further to its Annual General Meeting of Shareholders of the Company held on July 31, 2019, directors Keith Piggott and Harry Burgess have not tendered their resignations as directors pursuant to the Company’s Majority Voting Policy, due to mitigating circumstances which have been communicated to the TSX. As required by the TSX, the Company’s Majority Voting Policy requires [...]

Goldgroup Mining held its annual general and special meeting of shareholders in Vancouver on July 31, 2019. Common Shares represented at the Meeting: 99,863,540 Total issued and outstanding Common Shares as at Record Date: 185,136,689 Percentage of issued and outstanding Common Shares represented: 53.94% 1. Number of Directors Votes in Favour Votes Against The fixation of the number of directors at five. 72,662,015 [...]

Goldgroup Mining Inc. announces that Keith Piggott has retired as Chairman, President and Chief Executive Officer of the Company effective June 26, 2019, to further other interests and will continue to serve as a Director of the Company. At this time Anthony Balic, the Company’s CFO, will become Interim CEO as the Company assesses the vacancy in the position. Corry Silberangel, who is a fellow director who founded [...]

Goldgroup Mining Inc. announces it will hold its Annual General Meeting of shareholders on Wednesday, July 31, 2019 at 10:00am . Due to unforeseen delays, the Meeting was delayed from being held within six months of its financial year end, as required by TSX rules, as the Company’s board of directors has taken longer than anticipated in assessing and evaluating various strategic and corporate governance items, and [...]

Goldgroup Mining Inc. is very pleased to announce a final judgment in the United States District Court for the District of Colorado confirming Goldgroup’s previously announced favorable award in the arbitration against DynaUSA, Inc. in the news release dated August 31, 2016. The order accompanying the final judgment, dated May 9, 2019, rejected every argument DynaUSA raised since the favorable result Goldgroup [...]