Goldgroup Mining

Shareholders of Gold Resource Corporation voted at an extraordinary general meeting to approve the merger agreement with Goldgroup Mining. After the merger Gold Resource will remain as a 100% subsidiary of Goldgroup Mining; closing is expected on or about July 17, 2026, after Goldgroup completes a share consolidation. The deal is subject to all required approvals and the satisfaction or waiver of any closing conditions. The stock is trading at $1.27, up 78.55% year to date, but recently declined by about 10% over the past week. » More on de.investing.com

Goldgroup Mining has launched a 24,000m diamond core drilling programme at its wholly owned San Francisco project in Sonora to update the resource model, optimise the mine plan and gather structural and technical data ahead of a planned restart. The campaign, funded internally with an $8m budget, is due to finish in Q3 2026 and supports a targeted production restart at the end of 2026 or early 2027. San Francisco is fully permitted for a rapid restart and hosts measured and indicated resources of 1.2 Moz Au (NI 43-101, 1 May 2026); the company also plans follow-up exploration and continues operating the Cerro Prieto mine while pursuing a proposed combination with Gold Resource Corporation. » More on finance.yahoo.com

Goldgroup Mining will acquire Gold Resource Corporation in an all-stock transaction valued at about $372 million. Gold Resource shareholders will receive 1.4476 Goldgroup shares for each GORO share; after a planned 4-for-1 share consolidation this equals 0.3619 Goldgroup shares and a value of $2.25 per GORO share (a 39% premium to the Jan. 23, 2026 closing price). Upon closing, Gold Resource shareholders are expected to own roughly 40% of the combined company; the asset portfolio includes Don-David, Back-Forty (PEA), Cerro Prieto and San Francisco. The board will consist of three Goldgroup and two Gold Resource members, and management will be provided by Gold Resource. The transaction was approved by both boards and is expected to close in Q2 2026 subject to shareholder approval and clearance from the Mexican competition authority. » More on de.investing.com