Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Goldgroup Mining ( (TSE:GGA) ) is now available.
Goldgroup Mining has completed the sale of its subsidiary Minera Apolo, which controls the Pinos gold-silver project in Zacatecas, Mexico, to an arm’s-length private company for US$5 million in staged payments, partially secured by a promissory note. As part of the deal, the buyer assumes all liabilities tied to Apolo, Minera Catanava and the Pinos project, including US$1.9 million owed to previous owners, releasing Goldgroup from further obligations linked to the asset.
The company has also engaged Dig Media’s Investing News Network for a six-month digital marketing and investor outreach campaign, valued at C$30,000 plus GST, to boost its visibility among investors through lead generation, press release syndication and targeted advertising. The TSX Venture Exchange has accepted the agreement, which aims to support Goldgroup’s market profile as it focuses on its remaining Mexican gold operations and pending San Francisco mine acquisition.
More about Goldgroup Mining
Goldgroup Mining Inc. is a Canadian-based mining company focused on gold assets in Mexico. The company holds a 100% interest in the producing Cerro Prieto heap-leach gold mine in Sonora and is pursuing the acquisition of Molimentales del Noroeste, owner of the San Francisco gold mine, pending final TSX Venture Exchange approval.
Average Trading Volume: 381,058
Technical Sentiment Signal: Buy
Current Market Cap: C$452.7M
Find detailed analytics on GGA stock on TipRanks’ Stock Analysis page.