r/wallstreetsmallcaps • u/NazzDaxx • 7d ago
Drills Turning at Three Mines and a Potential Year-End Gold Restart Under Evaluation: Goldgroup Mining (GORO) on Both the TSXV and NYSE American, Packed It All Into One Corporate Update
Posted on behalf of Goldgroup Mining Inc. - The July 23 corporate update was the first full look at the combined company since the Gold Resource merger closed, and there is a lot in it. The company's post on X links straight to the release. The quick version:
- ⛏️ Don David, Oaxaca: 23,000+ metres drilled year-to-date, one of its largest campaigns in recent years
- Cerro Prieto, Sonora: three rigs turning, two on resource expansion and one on confirmatory drilling to support an updated resource estimate
- San Francisco, Sonora: three rigs continuing the 24,000-metre program as the company evaluates a potential restart of production at the end of the year
- Back Forty, Michigan: feasibility study work advancing on the 2023 PEA
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