The Fort Worth Press - Goldgroup Completes Sale of Pinos Project

USD -
AED 3.672498
AFN 62.999771
ALL 82.06033
AMD 368.209824
ANG 1.79046
AOA 918.000234
ARS 1398.3059
AUD 1.407925
AWG 1.80225
AZN 1.699016
BAM 1.68319
BBD 2.014527
BDT 122.775311
BGN 1.66992
BHD 0.37725
BIF 2975
BMD 1
BND 1.281294
BOB 6.911598
BRL 5.048099
BSD 1.000207
BTN 96.503322
BWP 13.583201
BYN 2.726365
BYR 19600
BZD 2.011601
CAD 1.37603
CDF 2252.50468
CHF 0.789899
CLF 0.023008
CLP 905.540265
CNY 6.814996
CNH 6.812975
COP 3794.85
CRC 452.511274
CUC 1
CUP 26.5
CVE 95.374978
CZK 20.977021
DJF 177.720099
DKK 6.44407
DOP 58.850004
DZD 132.916201
EGP 53.144779
ERN 15
ETB 156.175858
EUR 0.862297
FJD 2.210309
FKP 0.745062
GBP 0.746925
GEL 2.670297
GGP 0.745062
GHS 11.444954
GIP 0.745062
GMD 73.000222
GNF 8777.502075
GTQ 7.625047
GYD 209.258494
HKD 7.832805
HNL 26.601892
HRK 6.501298
HTG 130.92646
HUF 312.251026
IDR 17690
ILS 2.924802
IMP 0.745062
INR 96.802399
IQD 1310.5
IRR 1320949.999726
ISK 123.649959
JEP 0.745062
JMD 158.241248
JOD 0.708987
JPY 158.981498
KES 129.450167
KGS 87.450149
KHR 4011.502436
KMF 424.000202
KPW 900.049483
KRW 1509.554984
KWD 0.309098
KYD 0.833513
KZT 471.023099
LAK 21949.999964
LBP 89550.000089
LKR 330.512012
LRD 183.275009
LSL 16.695805
LTL 2.95274
LVL 0.60489
LYD 6.359839
MAD 9.224586
MDL 17.303671
MGA 4196.357878
MKD 53.157908
MMK 2099.427985
MNT 3578.349826
MOP 8.069452
MRU 39.989635
MUR 47.409595
MVR 15.399066
MWK 1740.999704
MXN 17.409297
MYR 3.975602
MZN 63.909783
NAD 16.657375
NGN 1372.340003
NIO 36.807704
NOK 9.27685
NPR 154.405487
NZD 1.715019
OMR 0.384502
PAB 1.000207
PEN 3.422764
PGK 4.42356
PHP 61.68903
PKR 278.560536
PLN 3.666498
PYG 6125.724515
QAR 3.645916
RON 4.510799
RSD 101.221953
RUB 71.199703
RWF 1462.799604
SAR 3.752456
SBD 8.032258
SCR 14.092342
SDG 600.477447
SEK 9.412295
SGD 1.281899
SHP 0.746601
SLE 24.613261
SLL 20969.502105
SOS 571.620366
SRD 37.227498
STD 20697.981008
STN 21.085063
SVC 8.751442
SYP 111.458438
SZL 16.702676
THB 32.739816
TJS 9.286861
TMT 3.5
TND 2.927516
TOP 2.40776
TRY 45.59312
TTD 6.780784
TWD 31.661975
TZS 2610.003025
UAH 44.17973
UGX 3771.214155
UYU 40.31911
UZS 12021.721544
VES 517.314502
VND 26363.5
VUV 118.295117
WST 2.706459
XAF 564.531176
XAG 0.013448
XAU 0.000224
XCD 2.70255
XCG 1.802644
XDR 0.702153
XOF 564.523888
XPF 102.636924
YER 238.649702
ZAR 16.709402
ZMK 9001.206174
ZMW 18.829392
ZWL 321.999592
  • RBGPF

    0.7200

    63.23

    +1.14%

  • CMSC

    -0.1800

    22.8

    -0.79%

  • CMSD

    -0.2100

    22.75

    -0.92%

  • BTI

    -0.2900

    66.06

    -0.44%

  • BCE

    0.1600

    23.98

    +0.67%

  • GSK

    0.7900

    51.05

    +1.55%

  • BP

    0.4500

    46.14

    +0.98%

  • AZN

    0.7200

    184.64

    +0.39%

  • NGG

    0.3100

    84.15

    +0.37%

  • RIO

    -2.4100

    100.92

    -2.39%

  • RYCEF

    0.0600

    15.45

    +0.39%

  • JRI

    -0.2300

    12.47

    -1.84%

  • VOD

    0.1500

    15.15

    +0.99%

  • BCC

    -2.1300

    65.47

    -3.25%

  • RELX

    -0.3800

    33.58

    -1.13%

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