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VANCOUVER, BC / ACCESS Newswire / December 24, 2025 / Goldgroup Mining Inc. (“Goldgroup” or the “Firm“) (TSX-V:GGA)(OTC:GGAZF).
Additional to the Firm’s information launch dated September 18, 2025, Goldgroup is happy to announce that, topic to the ultimate approval of the TSX Enterprise Alternate (the “TSXV“), it has acquired all the issued and excellent Sequence “A” shares within the fastened capital and all of the issued and excellent Sequence “B” shares within the variable capital (collectively the “Molimentales Shares“) of Molimentales del Noroeste, S.A. de C.V. (“Molimentales“) by a Concurso Mercantil course of (restructuring continuing equal to Chapter 11 in america). Goldgroup has acquired approval from the Second District Courtroom for Industrial Chapter Issues (the “MexicanCourt“) to the plan of association (the “Plan of Association“) the Firm filed with the Mexican Courtroom beneath the Concurso Mercantil course of. The judgement issued by the Mexican Courtroom in favour of Goldgroup’s Plan of Association completes the chapter and restructuring of Molimentales. Molimentales’ main asset is the previously producing San Francisco Mine concessions, situated in Sonora State, Mexico. The acquisition of Molimentales is an Arm’s Size Transaction and there aren’t any finder’s charges payable.
“This transaction marks a really transformational milestone for Goldgroup,” mentioned Ralph Shearing, CEO of Goldgroup Mining. “The San Francisco Mine, situated 44 km in a straight line from our Cerro Prieto Gold Mine in Sonora, represents a singular alternative to consolidate a extremely potential gold district. Its most up-to-date historic NI 43-101 technical report (dated August 8, 2020 ready by Micon Worldwide Restricted) outlines 1.4 million ounces of gold* in measured and indicated assets inside 99,700,000 Tonnes at 0.446 g/t** calculated at gold value of $1,500/oz, offering a powerful basis for renewed improvement.
Over the approaching months, we are going to launch an aggressive drilling marketing campaign geared toward confirming and upgrading these assets, whereas additionally testing for extra mineralization each inside and past the present open-pit footprint. Our objective is to unlock the total potential of this asset and advance a strong, long-term mine plan that may reshape the way forward for Goldgroup.
In administration’s opinion, San Francisco represents one of many lowest capital prices, close to time period potential gold manufacturing tasks out there in at this time’s junior mining house.“
* Historic 43-101 Technical report ready by Micon Worldwide Restricted authored by the next certified individuals; Willian J Lewis, P.Geo, Richard M. Gowans, P.Eng., Rodrigo Calles-Montijo, CPG, Nigrl Fung, B.Sc.H, B.Eng., P.Eng., Cristopher Jacobs, CEng, MIMMM and Ing. Alan San Martin, MAusIMM(CP) quoting measure and indicated assets of 99,700,000 Tonnes grading 0.446 g/t Au plus 11,374,000 inferred assets grading 0.467 g/t Au. Quoted historic assets have been estimated following Canadian Institute of Mining, Metallurgy and Petroleum, because the CIM Definition Requirements on Mineral Sources and Mineral Reserves. Subsequent manufacturing information verify that the August 8, 2020 historic useful resource estimate has been depleted by roughly 119,589 ounces of gold by subsequent mining. (Molimentales historic manufacturing data subsequent to Aug 28, 2020, the date of the historic technical report.)
** Mineral assets that aren’t mineral reserves don’t have demonstrated financial viability. A professional particular person has not achieved adequate work to categorise the historic estimate as present mineral assets and the Firm is just not treating the historic estimate as present mineral useful resource.
Goldgroup filed a proposal beneath the Concurso Mercantil course of to accumulate Molimentales beneath the Plan of Association with the liquidator (the “Liquidator“) appointed by the Mexican Courtroom to supervise Molimentales’ chapter proceedings. The Plan of Association was authorised by over 50% of the acknowledged collectors of Molimentales as required beneath Mexican regulation, really useful by the Liquidator and subsequently filed with the Mexican Courtroom for approval. The Mexican Courtroom authorised the Plan of Association by judgement issued efficient December 23rd, 2025. The acquisition of Molimentales shall be topic to the Issuer satisfying all of the situations of the Concurso, together with paying all collectors beneath the Plan of Association, all excellent taxes and concession charges as a result of Mexican authorities, in addition to receiving remaining approval from the TSXV. With the Plan of Association and along with the settlement of excellent liabilities owed to the Mexican Authorities with a view to keep the San Francisco Mine in good standing, switch of possession of Molimentales and the San Francisco Mine and its related property, together with mining concessions, processing vegetation, and all associated infrastructure, to Goldgroup, will happen free and away from all liens and liabilities.
Previous to the submitting of the Plan of Association, Goldgroup acquired 60.24% of the money owed owed to sure main collectors (the “Main Collectors“) as acknowledged by the Mexican Courtroom for US$8,523,216 of which US$7,496,092 has been paid up to now and the steadiness of US$1,027,124 shall be paid to finish the acquisition. Beneath the phrases of the Plan of Association Goldgroup has agreed to pay US$2,566,098 in three equal installments in December 2026, 2027 and 2028 to the remaining collectors holding 39.76% of the acknowledged debt along with all excellent mining concession charges (together with penalties and curiosity), taxes, charges owed to the Nationwide Water Fee, provider money owed and sure bills associated to the Concurso proceedings presently estimated at MX$170M (roughly US$9.3M). Among the funds described above are facilitated by the Firm buying the Molimentales Shares by paying the house owners of the Molimentales Shares MX$100,000 and capitalizing Molimentales with MX$99.9M for a complete of MX$100M.
Concerning the San Francisco Mine
The San Francisco Mine, traditionally one of many vital gold producers in Sonora, Mexico, has substantial present infrastructure and potential for future exploration, improvement, enlargement and manufacturing. Securing management of this asset is aligned with Goldgroup’s imaginative and prescient of turning into a number one Mexican-focused mining firm with operational experience and a powerful dedication to accountable mining practices.
The San Francisco Mine is a large-scale, previously producing open pit gold mine. The San Francisco Challenge encompasses 13 concessions totaling 33,667 hectares plus 13,284 hectares of regional concessions within the north central portion of the state of Sonora, Mexico, roughly 150 kilometers north of the state capital, Hermosillo.
The operation is comprised of two beforehand producing open pits (San Francisco and La Chicharra), along with heap leach processing amenities and related infrastructure situated near the San Francisco pit.
With wonderful infrastructure already in place and producing as lately as 2022, this acquisition represents a possibility for a near-term, low-cost gold manufacturing restart, anticipated to greater than triple Goldgroup’s present manufacturing capability in direction of plus 60,000 gold ounces yearly.
A choice to re-start operations shall be made shortly after finishing affirmation and enlargement drilling. Plans are in place to conduct a drilling marketing campaign over the subsequent few months to substantiate and improve present assets and, define potential further assets inside and out of doors of the present open pit which is able to permit for the event of a brand new mine plan.
Highlights
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Alternative to restart manufacturing, optimize operations and develop assets by improvement and exploration drilling.
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Historic massive quantity open pit mining of disseminated gold was carried out from 2010 by to 2022 producing roughly 1.3 million oz gold.
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Potential useful resource enlargement by improvement drilling inside and, adjoining to, the present open pits, in addition to a number of further exploration targets.
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More moderen historic drilling has found a number of strongly mineralized constructions behind and beneath the present pit partitions.
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Located in a belt of metamorphic rocks that host quite a few gold occurrences alongside the hint of the Mojave-Sonora Megashear, which tendencies southeast from south-central California into Sonora.
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Historic metallurgy recoveries between 67% to 72% (Molimentales historic manufacturing data throughout earlier 10 years of operation subsequent to mine closure in Nov 2022).
Processing throughput capability of as much as 22,000 tpd (Micon August 28, 2020 historic 43-101 technical report) is in place on web site (using two present and parallel crushing circuits 15 ktpd + 7 ktpd). Present infrastructure contains grid energy, onsite wells, ROM and crushed‑ore pads, twin ADR vegetation, assay lab, workshops, haul roads all subsequent to main freeway.
Mineralization on the San Francisco Challenge is predominantly gold with hint to small quantities of different metallic minerals. The gold happens in granitic gneiss and the deposit comprises principally free gold and sometimes electrum.
The San Francisco deposits are roughly tabular with a number of phases of gold mineralization. The deposits strike 60º to 65º west, dip to the northeast, vary in thickness from 4 to 50 m, prolong over 1,500 m alongside strike and are open ended. One other deposit, the La Chicharra zone, was mined by the previous proprietor as a separate pit.
The newest useful resource estimate from a historic NI 43-101 technical report ready by Micon Worldwide Restricted dated August 8, 2020, estimated 1,430 Koz Au M&I @ 0.446 g/t (Measured 34,675 KTonnes containing 515K oz Au at 0.46 g/t and Indicated 65,025 Ktonnes containing 914K oz at 0.45 g/t.) Manufacturing data present that the Aug 8, 2020 quoted historic assets has been depleted with mining by roughly -119,589 Au ounces. The Firm is just not treating the knowledge from the Micon report as a present useful resource for the Firm. Though the Firm believes such info to be related and dependable, the Firm is treating the knowledge as historic.
Mineral assets that aren’t mineral reserves don’t have demonstrated financial viability. A professional particular person has not achieved adequate work to categorise the historic estimate as present mineral assets and the Firm is just not treating the historic estimate as present mineral useful resource.
Cautionary Assertion
The completion of the Plan of Association and proposed acquisition of Molimentales is topic to the approval of the TSX Enterprise Alternate.
Ralph Shearing, PGeol. (Alberta) a professional particular person beneath NI 43-101 and, CEO of the Firm, has reviewed and authorised the technical disclosure contained on this information launch.
About Goldgroup
Goldgroup is a Canadian-based mining Firm with three high-growth gold property in Mexico. Along with the San Francisco gold mine, the Firm has a 100% curiosity within the producing Cerro Prieto heap-leach gold mine situated within the State of Sonora. An optimization and exploration program is underway at Cerro Prieto to considerably improve present manufacturing and assets.
The Firm additionally holds a 100% curiosity within the Pinos underground gold improvement challenge in Zacatecas State.
Goldgroup is led by a crew of extremely profitable and seasoned people with intensive experience in mine improvement, company finance, and exploration in Mexico.
For additional info on Goldgroup, please go to www.goldgroupmining.com
On behalf of the Board of Administrators
“Ralph Shearing”
Ralph Shearing, CEO
For extra info:
+1 (604) 306-6867
410 – 1111 Melville St.
Vancouver, BC, V6E 3V6
www.goldgroupmining.com
ir@goldgroupmining.com
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this press launch.
CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION
Sure info contained on this information launch, together with any info referring to future monetary or working efficiency, could also be thought-about “forward-looking info” (throughout the that means of relevant Canadian securities regulation) and “forward-looking statements” (throughout the that means of america Personal Securities Litigation Reform Act of 1995). These statements relate to analyses and different info which can be based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration. Precise outcomes may differ materially from the conclusions, forecasts and projections contained in such forward-looking info.
These forward-looking statements mirror Goldgroup’s present inner projections, expectations or beliefs and are based mostly on info presently out there to Goldgroup. In some circumstances forward-looking info will be recognized by terminology similar to “might”, “will”, “ought to”, “anticipate”, “intend”, “plan”, “anticipate”, “imagine”, “estimate”, “tasks”, “potential”, “scheduled”, “forecast”, “finances” or the damaging of these phrases or different comparable terminology. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different components which can trigger precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements.
Ahead-looking info is topic to a wide range of recognized and unknown dangers, uncertainties and different components that would trigger precise occasions or outcomes to materially differ from these mirrored within the forward-looking info, and are developed based mostly on assumptions about such dangers, uncertainties and different components together with, with out limitation: receipt of all required TSXV, regulatory and different celebration approvals in reference to the Concurso Mercantilprocess; uncertainties associated to precise capital prices working prices and expenditures; manufacturing schedules and financial returns from Goldgroup’s tasks; timing to combine acquisitions (San Francisco Mine) and timing to finish further exploration and technical reviews; uncertainties related to improvement actions; uncertainties inherent within the estimation of mineral assets and valuable steel recoveries; uncertainties associated to present international financial situations; fluctuations in valuable and base steel costs; uncertainties associated to the supply of future financing; potential difficulties with three way partnership companions; dangers that Goldgroup’s title to its property might be challenged; political and nation threat; dangers related to Goldgroup being topic to authorities regulation; dangers related to floor rights; environmental dangers; Goldgroup’s want to draw and retain certified personnel; dangers related to potential conflicts of curiosity; Goldgroup’s lack of expertise in overseeing the development of a mining challenge; dangers associated to the mixing of companies and property acquired by Goldgroup; uncertainties associated to the competitiveness of the mining trade; threat related to theft; threat of water shortages and dangers related to competitors for water; uninsured dangers and insufficient insurance coverage protection; dangers related to potential authorized proceedings; dangers related to neighborhood relations; exterior contractor dangers; dangers associated to archaeological websites; overseas foreign money dangers; dangers related to safety and human rights; and dangers associated to the necessity for reclamation actions on Goldgroup’s properties, in addition to the chance components disclosed in Goldgroup’s MD&A. Any and all the forward-looking info contained on this information launch is certified by these cautionary statements.
Though Goldgroup believes that the forward-looking info contained on this information launch relies on affordable assumptions, readers can’t be assured that precise outcomes shall be in line with such statements. Accordingly, readers are cautioned in opposition to putting undue reliance on forward-looking info. Goldgroup expressly disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, occasions or in any other case, besides as could also be required by, and in accordance with, relevant securities legal guidelines.
SOURCE: Goldgroup Mining, Inc.
View the unique press launch on ACCESS Newswire
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