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Goldgroup Mining ( (TSE:GGA) ) has shared an update.
Goldgroup Mining Inc. has announced a non-brokered private placement to raise up to $15 million through the issuance of 27,272,727 units at $0.55 per unit. The proceeds from this initiative will be used for exploration and production improvements at the Cerro Prieto Project, updating the Pinos Project PEA, debt reduction, acquisition opportunities, and general corporate purposes. This move is expected to enhance the company’s operational capabilities and strengthen its market position.
More about Goldgroup Mining
Goldgroup Mining Inc. is a Canadian-based mining company that owns and operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico. The company is led by a team with extensive expertise in mine development, corporate finance, and exploration in Mexico.
YTD Price Performance: 397.50%
Average Trading Volume: 341,009
Technical Sentiment Signal: Strong Sell
Current Market Cap: $103.7M
For an in-depth examination of GGA stock, go to TipRanks’ Stock Analysis page.