Business Summary: Goldgroup Mining Inc. is a Canadian mining company that owns and operates the Cerro Prieto heap-leach gold mine located in the State of Sonora. The Company’s gold production and exploration and development related activities are conducted in Mexico. The Cerro Prieto Project is a 100% owned, 4,335 hectares (ha) property, located in the Cucurpe Mining District, Sonora, Mexico, just 52 road kilometers (km) from the regional center of Magdalena de Kino and 150 km northeast of the city of Hermosillo. In addition, the Company is the 100% owner of the fully permitted gold project located 140 km east of the capital Zacatecas in the state of Zacatecas, Mexico (the Pinos Project). The Pinos Project consists of approximately 30 concessions covering 3,816 ha, and hosts low-sulfidation epithermal gold and silver vein systems within primary structures.
Financial Summary: BRIEF: For the six months ended 30 June 2025, Goldgroup Mining Inc revenues decreased 23% to $9.9M. Net loss totaled $42.3M vs. income of $438K. Revenues reflect Silver sales decrease of 24% to $119K. Net loss reflects FV/Uls Adjust on Derivatives for Hedging increase from $9K (income) to $15.7M (expense), Professional Fees increase of 44% to $899K (expense), Foreign exchange gain decrease of 34% to $107K (income).