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Goldgroup Mining ( (TSE:GGA) ) has issued an announcement.
Goldgroup Mining Inc. has successfully closed a non-brokered private placement, raising CAD $3.5 million through the issuance of 35 million units. The proceeds from this placement are intended to fund the advancement of the Cerro Prieto project, cover general working capital, and reduce debt, marking a strategic move to enhance its operations and financial stability.
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 the State of Sonora, Mexico. The company is led by a team with extensive expertise in mine development, corporate finance, and exploration in Mexico.
YTD Price Performance: 34.17%
Average Trading Volume: 105,860
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $14.75M
For an in-depth examination of GGA stock, go to TipRanks’ Stock Analysis page.
