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Goldgroup Mining Inc. (T:GGA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1201, 1166 Alberni Street
Tel: N/A
IR: See website
Key People
Anthony Bob Balic
Interim Chief Executive Officer, Chief Financial Officer, Corporate Secretary, Director
Business Overview
Goldgroup Mining Inc. (Goldgroup) is a Canada-based gold production, development and exploration company. The Company is focused on exploring and developing production from its two assets: San Jose de Gracia in Sinaloa and Cerro Prieto mine. San Jose de Gracia project, which is in the northeast portion of Sinaloa State, Mexico, approximately 120 kilometers (kms) northeast of the coastal city of Los Mochis, straddling the Chihuahua border. The property consists of approximately 34 mineral concessions covering approximately 69,000 hectares. The Cerro Prieto Property, located in the Cucurpe Mining District, Sonora, Mexico, is comprised of the San Felix (205 ha), San Francisco (10 ha), Elba (5.82 ha), Huerta de Oro (20 ha), Reyna de Plata (9.79 ha), Cerro Prieto North (2,508 ha) and Argonauta 6 (4,120 ha) mineral concessions. The Cerro Prieto Property is 52 road kilometers from the regional center of Magdalena de Kino and approximately 150 kms northeast of the City of Hermosillo.
Financial Overview
For the nine months ended 30 September 2022, Goldgroup Mining Inc revenues decreased 97% to $552K. Net loss totaled $2.1M vs. income of $421K. Revenues reflect Revenue Gold sales decrease of 97% to $525K, Silver sales decrease of 96% to $27K. Net loss reflects Other income decrease of 60% to $516K (income), Gain on investments decrease of 99% to $2K (income), General and administrative increase of 25% to $924K (expense).
Employees: 123 as of Dec 31, 2014
Reporting Currency: U.S. Dollars
Enterprise value: $2.86M as of Sep 30, 2022
Annual revenue (TTM): N/A
Net annual income (TTM): N/A
Free cash flow (TTM): -$37.33M as of Sep 30, 2022
Net Debt Last Fiscal Year: $4.19M as of Sep 30, 2022
Shares outstanding: 28,623,656 as of Feb 7, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization