Jun. 30 at 11:23 PM
Posted on behalf of Goldgroup Mining Inc. - GGA.v
$GGAZF $GGA.TSX holds a 100% owned, fully-permitted gold mine in Sonora, the San Francisco project, which produced roughly 1.3 million ounces between 2010 and 2023 and still carries a sizable resource today.
The numbers: 1.226 million oz Measured and Indicated, plus 178,000 oz Inferred, per the NI 43-101 technical report dated May 1, 2026 (Micon International). Restart is targeted for late 2026/early 2027, with management expecting at least 40,000 oz of gold per year added.
Two pieces of work are getting it restart-ready: a 24,000-metre infill drill program underway, funded in-house at roughly US
$8M and targeting Q3 2026 (June 18, 2026 NR), and a roughly US
$850,000 contract with Sonora-based INPROMINE for a 16-week recommissioning of the crushing, conveying and ADR plants (June 25, 2026 NR).
+ A near-term catalyst is the July 2, 2026 Gold Resource Corp. shareholder vote on the pending merger⬇️
https://www.businesswire.com/news/home/20260126182468/en/Gold-Resource-Corporation-Announces-Business-Combination-With-Goldgroup-Mining