The Fort Worth Press - Goldgroup Completes Sale of Pinos Project

USD -
AED 3.672504
AFN 64.000368
ALL 82.099008
AMD 367.63228
ANG 1.790403
AOA 917.503981
ARS 1492.901385
AUD 1.443002
AWG 1.8025
AZN 1.70397
BAM 1.709092
BBD 2.014681
BDT 123.336392
BGN 1.69088
BHD 0.377157
BIF 2975.313497
BMD 1
BND 1.290864
BOB 6.927077
BRL 5.170399
BSD 1.000306
BTN 95.296893
BWP 13.491502
BYN 2.902259
BYR 19600
BZD 2.011797
CAD 1.41995
CDF 2246.000362
CHF 0.803085
CLF 0.023434
CLP 925.617163
CNY 6.789104
CNH 6.785505
COP 3363.656224
CRC 455.717219
CUC 1
CUP 26.5
CVE 96.35601
CZK 21.144704
DJF 178.127321
DKK 6.535604
DOP 59.256346
DZD 133.361297
EGP 49.283873
ERN 15
ETB 160.4018
EUR 0.873904
FJD 2.26045
FKP 0.748732
GBP 0.748727
GEL 2.63504
GGP 0.748732
GHS 11.363656
GIP 0.748732
GMD 72.503851
GNF 8772.665705
GTQ 7.634028
GYD 209.236685
HKD 7.84465
HNL 26.773277
HRK 6.587504
HTG 130.834098
HUF 308.910388
IDR 17994.4
ILS 2.99865
IMP 0.748732
INR 95.215504
IQD 1310.350854
IRR 1375950.000352
ISK 125.920386
JEP 0.748732
JMD 158.351903
JOD 0.70904
JPY 161.370385
KES 129.3398
KGS 87.447704
KHR 4005.767466
KMF 431.00035
KPW 900.00035
KRW 1528.775039
KWD 0.31029
KYD 0.833661
KZT 473.045834
LAK 22586.621226
LBP 89575.392144
LKR 335.046096
LRD 181.552847
LSL 16.224931
LTL 2.95274
LVL 0.60489
LYD 6.4115
MAD 9.354393
MDL 17.595141
MGA 4240.835409
MKD 53.86027
MMK 2099.691108
MNT 3584.859602
MOP 8.08057
MRU 39.921353
MUR 47.050378
MVR 15.460378
MWK 1734.609167
MXN 17.469104
MYR 4.071039
MZN 63.910377
NAD 16.224931
NGN 1370.080377
NIO 36.806921
NOK 9.841039
NPR 152.475204
NZD 1.752235
OMR 0.385704
PAB 1.000306
PEN 3.403766
PGK 4.394635
PHP 61.501038
PKR 278.103989
PLN 3.75205
PYG 6082.055315
QAR 3.656661
RON 4.568038
RSD 102.570892
RUB 77.145891
RWF 1464.412112
SAR 3.748374
SBD 8.058541
SCR 13.46616
SDG 600.503676
SEK 9.65806
SGD 1.291404
SHP 0.746601
SLE 24.350371
SLL 20969.503664
SOS 571.678245
SRD 37.566038
STD 20697.981008
STN 21.409534
SVC 8.752567
SYP 110.532098
SZL 16.22231
THB 33.325038
TJS 9.2726
TMT 3.51
TND 2.952244
TOP 2.40776
TRY 46.767504
TTD 6.779394
TWD 31.938038
TZS 2626.818718
UAH 44.550181
UGX 3650.980906
UYU 40.232446
UZS 11983.221916
VES 638.90327
VND 26296
VUV 119.804122
WST 2.773179
XAF 573.213615
XAG 0.016021
XAU 0.00024
XCD 2.70255
XCG 1.80277
XDR 0.712894
XOF 573.213615
XPF 104.216367
YER 237.050363
ZAR 16.231504
ZMK 9001.203584
ZMW 18.379866
ZWL 321.999592
  • CMSC

    0.0400

    21.99

    +0.18%

  • CMSD

    -0.0300

    22.15

    -0.14%

  • NGG

    2.6700

    82.85

    +3.22%

  • BTI

    1.2100

    61.77

    +1.96%

  • RIO

    1.0700

    94.42

    +1.13%

  • AZN

    11.2900

    195.15

    +5.79%

  • RYCEF

    0.5400

    19.68

    +2.74%

  • RBGPF

    2.5400

    68.15

    +3.73%

  • BCE

    0.4000

    21.42

    +1.87%

  • BCC

    0.4500

    75.93

    +0.59%

  • GSK

    2.3600

    53.66

    +4.4%

  • RELX

    0.5500

    31.93

    +1.72%

  • JRI

    0.0600

    13

    +0.46%

  • VOD

    0.1400

    13.15

    +1.06%

  • BP

    1.2500

    37.4

    +3.34%

Goldgroup Completes Sale of Pinos Project
Goldgroup Completes Sale of Pinos Project

Goldgroup Completes Sale of Pinos Project

VANCOUVER, BC / ACCESS Newswire / February 27, 2026 / Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSXV:GGA)(OTCQX:GGAZF).

Text size:

Goldgroup announces that, further to its news release dated December 31, 2025, it has completed the sale of Minera Apolo, S.A. de C.V. ("Apolo"), which owns all the issued and outstanding shares of Minera Catanava, S.A. de C.V. ("MC"), to a private arm's-length British Columbia company (the "Purchaser") in consideration of the payment to Goldgroup of US$5,000,000 in stages, with US$2,450,000 paid on signing, US$550,000 paid on closing and US$2,000,000 to be paid within six (6) months following the closing, which payment is secured by a promissory note.

Apolo and MC collectively hold a 100% interest in the Pinos gold/silver project ("Pinos") located in Zacatecas State, the second largest mining state in Mexico. Pinos comprises 30 contiguous mining concessions over 3,816 hectares. The sale of Apolo is an arm's length transaction and no finder's fees were paid in connection therewith.

Further, the Purchaser has assumed all liabilities of Goldgroup associated with Apolo, MC and the Pinos project, including the assumption of US$400,000 remaining payable on the original purchase agreement in addition to debt in the amount of US$1,500,000 payable to the previous owners of Apolo that was triggered by the sale of Apolo. Goldgroup, the Purchaser and the previous owners of Apolo have also entered into an assumption and acknowledgement agreement under which the previous owners acknowledge and agree that they will have no further recourse against Goldgroup for any liabilities related to Apolo, MC and the Pinos project, all of which have been assumed by the Purchaser.

Engagement of Investing News Network

Goldgroup also announces that it has entered into an investing news campaign agreement (the "INN Agreement") with Dig Media Inc. dba Investing News Network ("INN").

Pursuant to the INN Agreement, INN will execute a six-month digital marketing and investor outreach campaign which will include investor lead generation, press release syndication, targeted advertising across selected channels and newsletters, and participation in sector reports and interviews to increase the Company's visibility with investors.

INN publishes investor-focused news and educational content and has an office at 1166 Alberni Street, Suite 1201, Vancouver, British Columbia, V7X 1L3. Mike Rodger will provide services on behalf of INN. The campaign was launched on or before November 15, 2025 and will continue through to May 15, 2026, pursuant to which INN will receive C$30,000 plus GST. The services will be conducted in accordance with applicable TSX Venture Exchange ("TSXV") policies. INN and Mike Rodger are arm's length to the Company and have no other relationship with the Company other than under the INN Agreement. The INN Agreement has been accepted by the TSXV.

About Goldgroup

Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. In addition to the San Francisco gold mine, the Company has a 100% interest in the producing Cerro Prieto heap-leach gold mine located in the State of Sonora. An optimization and exploration program is underway at Cerro Prieto to significantly increase existing production and resources. The acquisition of Molimentales del Noroeste, S.A. de C.V. ("Molimentales"), the owner of the San Francisco gold mine is subject to final approval from the TSXV.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.

For further information on Goldgroup, please visit www.goldgroupmining.com

On behalf of the Board of Directors

"Ralph Shearing"

Ralph Shearing, CEO

For more information:
+1 (604) 306-6867
410 - 1111 Melville St.
Vancouver, BC, V6E 3V6
www.goldgroupmining.com
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered "forward-looking information" (within the meaning of applicable Canadian securities law) and "forward-looking statements" (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Actual results could differ materially from the conclusions, forecasts and projections contained in such forward-looking information.

These forward-looking statements reflect Goldgroup's current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors including, without limitation: receipt of all required TSXV, regulatory and other interested party approvals; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup's projects; timing to integrate acquisitions (San Francisco Mine) and timing to complete additional exploration and technical reports; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup's title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup's need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup's lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup's properties, as well as the risk factors disclosed in Goldgroup's MD&A. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.

Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.

SOURCE: Goldgroup Mining, Inc.



View the original press release on ACCESS Newswire

P.Navarro--TFWP