Goldgroup Mining Upsizes Private Placement to $125 Million

Goldgroup Mining Inc., a leading precious-metals producer, has significantly increased its private placement offering from $75 million to $125 million, reflecting strong investor interest. The company, which operates the Don David Gold Mine in Oaxaca and the Cerro Prieto Gold Mine in Sonora, Mexico, and is advancing the San Francisco Gold Project and the Back Forty Project, announced the expansion of its financing efforts.

Each unit in the private placement will consist of one common share and one-half of one common share purchase warrant. Holders of the warrants will have the right to acquire one common share at a price of $5.10 for a period of 18 months from the closing date. The offering remains non-brokered, with no changes to other terms.

The company intends to use the net proceeds for working capital and general corporate purposes, including advancing its existing mining and development projects and evaluating and funding acquisitions, strategic investments, and other M&A opportunities. Reyes noted, "One of the most important advantages of this financing is that it gives Goldgroup optionality. We can invest aggressively in our highest-return organic opportunities while maintaining the financial strength to act when compelling external opportunities emerge."

Goldgroup Mining Inc. currently owns and operates the Don David Gold Mine and the Cerro Prieto Gold Mine, while advancing the San Francisco Gold Project toward a potential production restart and the Back Forty Project toward development. The company's strategy is focused on building a larger-scale intermediate precious-metals producer through a combination of production growth, exploration, mine optimization, project development, and potential acquisition of additional projects or M&A transactions.

The offering is expected to close on or about September 30, 2026, subject to the Company receiving all necessary regulatory approvals, including the conditional approval of the TSX Venture Exchange and the approval of NYSE American. The securities to be issued under the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an available exemption from those registration requirements.