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Goldgroup Mining ( (TSE:GGA) ) has shared an announcement.
Goldgroup Mining Inc. has successfully closed a CAD $15 million private placement, selling 27,272,727 units at $0.55 per unit. The proceeds will be used for exploration at the Cerro Prieto Project, equipment and production improvements, debt reduction, and other corporate purposes. Notably, Eric Sprott increased his holdings in the company by acquiring 5,454,500 units. This strategic move is expected to bolster Goldgroup’s operational capabilities and enhance its market positioning.
More about Goldgroup Mining
Goldgroup 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.
Average Trading Volume: 331,223
Technical Sentiment Signal: Buy
Current Market Cap: C$194.4M
See more data about GGA stock on TipRanks’ Stock Analysis page.