Goldgroup Mining ( (TSE:GGA) ) just unveiled an update.
Goldgroup Mining Inc. has announced the closing of the first tranche of its CAD $7.75 million private placement, with significant investment from Eric Sprott, who acquired 22,500,000 units for CAD $6.75 million. This investment will support improvements at the Cerro Prieto mine, update the Pinos Project’s economic assessment, reduce debt, and provide working capital, positioning the company for enhanced operational capabilities and financial stability.
More about Goldgroup Mining
Goldgroup is a Canadian-based mining company that owns and operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico. The company is led by a team with extensive expertise in mine development, corporate finance, and exploration in Mexico.
YTD Price Performance: 200%
Average Trading Volume: 334,809
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $53.71M
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