Disseminated on behalf of: Goldgroup Mining Inc.
Javier Reyes, Chairman and CEO of Goldgroup Mining Inc. (TSXV: GORO | NYSE American: GORO | FSE: 55G), discusses the gold and silver producer’s four 100%-owned precious-metals assets across Mexico and the U.S., and the company’s next phase of growth following its transformational merger with Gold Resource Corporation. Goldgroup operates two producing mines in Mexico, is advancing the fully permitted San Francisco Project toward a potential production restart in Sonora, and is progressing the Back Forty development project in the U.S. Together, the portfolio supports the company’s vision of building a diversified precious-metals producer with a pathway toward 250,000 ounces of annual gold-equivalent production.
Producing mines and restart-ready infrastructure underpin Goldgroup’s growth strategy
Goldgroup combines current production with a restart-ready project and an advanced development asset within a 100%-owned portfolio. The Don David Gold Mine in Oaxaca and the Cerro Prieto Gold Mine in Sonora are producing today, while the San Francisco Project is fully permitted for a potential restart and is targeting the resumption of mining in Q1 2027. The company is also advancing the Back Forty development project in Michigan.
“We have the portfolio, technical team, and financial resources to execute on our business plan, with a clear line of sight toward 250,000 ounces of production capacity,” says Javier Reyes, Chairman and CEO of Goldgroup Mining.
This combination provides an operating base alongside near-term and longer-term opportunities to grow production, expand resources and advance development projects.
Mexico gold exploration scale builds investor appeal
With consolidation reshaping the mid-tier gold landscape, Goldgroup is focused on creating value through exploration, mine optimization, project development and disciplined M&A across its existing portfolio and beyond. More than 23,000 metres of drilling has been completed this year at Don David, a substantial exploration program is underway at Cerro Prieto, and a 26,000-metre program is advancing at San Francisco. The Back Forty asset adds U.S. development exposure alongside the Mexican operations. By concentrating capital on 100%-owned ground, and on a permitted restart with a defined timeline, the company aims to give investors leveraged exposure to production growth from a base that is already operating.
Merger, drilling and San Francisco restart mark recent milestones
Recent milestones include the completed merger of Gold Resource Corporation and Goldgroup, more than 23,000 metres of drilling at Don David, a substantial exploration program at Cerro Prieto, the 26,000-metre program underway at San Francisco, and full permitting for the San Francisco restart. Reyes says, “The strategy does not change. The pace accelerates.” Looking ahead, the company expects continued exploration results across its Mexican operations and a targeted San Francisco restart in Q1 2027.
As Goldgroup Mining moves from merger toward expanded output, it stands at the intersection of consolidation in the gold sector and demand for permitted, near-term ounces. With a fully permitted restart and an operating base funding exploration, the company is positioned to deliver disciplined growth in Mexico and the U.S.
Transcript
Javier Reyes: My name is Javier Reyes, and I’m the Chairman of the Board and CEO of Goldgroup Mining as the company enters its next phase of growth. This follows a transformational merger between Gold Resource Corporation and Goldgroup, a combination that created the company we are today.
We now hold four 100%-owned assets, three across Mexico, and one development asset called Back Forty in the U.S.
We have two producing assets in Mexico, one in the state of Oaxaca called Don David Gold Mine, where we’ve completed more than 23,000 metres of drilling this year, and Cerro Prieto Gold Mine in Sonora, where we also have a substantial exploration program.
At the San Francisco Project, a 26,000-metre program is underway. The project is fully permitted, and we are targeting a production restart in Q1 2027.
We have the portfolio, technical team, and financial resources to execute on our business plan, with a clear line of sight toward 250,000 ounces of production capacity.
The strategy does not change. The pace accelerates.
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.
About Goldgroup Mining Inc.
Goldgroup Mining (TSXV: GORO | NYSE American: GORO | FSE: 55G) operates a portfolio of four 100%-owned precious-metals assets across Mexico and the United States: two producing mines, a restart-ready mine, and an advanced development project, all advancing toward intermediate-producer scale. Their vision is to build a mining company producing over 250,000 oz AuEq.
Learn more at goldgroupmining.com
