goldgroupmining

🪙 Goldgroup Secures 100% Ownership of San Francisco Gold Mine (GGA/GGAZF)

Goldgroup Mining Inc. has completed the acquisition of 100% of Molimentales del Noroeste, S.A. de C.V., securing ownership of the San Francisco Gold Mine through a Mexican restructuring process — a potentially transformative milestone for the company’s growth and resource base.

🏆 Acquisition Complete: Mexican court approved the plan to fully acquire Molimentales, giving Goldgroup ownership of the San Francisco Gold Mine concessions in Sonora, Mexico (subject to final TSXV approval and settling liabilities).

📊 Historic Resource: The site’s historic NI 43‑101 technical report outlines ~1.4M oz Au measured & indicated resource (99.7M tonnes at 0.446 g/t Au).

⛏️ Exploration Outlook: Company plans aggressive drilling to confirm resources and grow mineralization beyond the current pit footprint.

Current Share Prices
💲 OTCQX: GGAZF: ~$1.01 USD (recent trading quote) — still showing strong recovery vs 52‑week lows and significantly higher than prior levels.

🇨🇦 TSXV: GGA: Trades in Canadian dollars; price trends vary, check your broker for live rates.

Why It Matters
🚀 Transformational Growth: The San Francisco Mine acquisition adds a potentially large near‑surface gold resource close to Goldgroup’s Cerro Prieto Mine, strengthening long‑term production potential.

📌 Strategic Positioning: This deal consolidates assets in a prolific Sonora gold district and diversifies Goldgroup’s asset base.

💼 Next Steps: Ownership shift to be finalized once regulatory and financial closing conditions are met (creditor settlements, taxes, fees).

This full acquisition marks a strategic turning point — giving Goldgroup greater control over expansion and drill‑defined growth potential in a historically productive gold district.

#GoldgroupMining #GGAZF #SanFranciscoMine #GoldResource $XAU $PAXG