Goldgroup Mining Announces $7 Million Private Placement

Goldgroup Mining ( (TSE:GGA) ) has issued an update.

Goldgroup Mining Inc. has announced a non-brokered private placement aiming to raise up to $7 million through the issuance of units comprising common shares and warrants. The funds are intended for improvements at the Cerro Prieto mine, updates to the Pinos Project’s economic assessment, debt reduction, and general working capital, subject to TSX Venture Exchange approval.

More about Goldgroup Mining

Goldgroup Mining Inc. is a Canadian-based mining company that operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico. The company is managed by a team with extensive expertise in mine development, corporate finance, and exploration in Mexico.

YTD Price Performance: 185.00%

Average Trading Volume: 330,467

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $53.52M

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