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goldgroup mining inc (55G) Snapshot

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52 Week High
03/10/14 - €0.21
52 Week Low
02/25/15 - €0.07
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goldgroup mining inc (55G) Details

Goldgroup Mining Inc. acquires, explores, and develops gold-bearing mineral properties in the Americas. Its flagship project includes the Caballo Blanco project that consists of 14 mineral concessions covering an area of 54,732 hectares, located in the state of Veracruz. The company is headquartered in Vancouver, Canada.

2 Employees
Last Reported Date: 03/31/14

goldgroup mining inc (55G) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: --
General Manager of Cerro Colorado
Total Annual Compensation: $192.7K
Compensation as of Fiscal Year 2013.

goldgroup mining inc (55G) Key Developments

DynaResource de México, S.A. de C.V. Files Original Petition and Legal Demand Against Goldgroup Mining Inc. and Goldgroup Resources Inc

DynaResource de México SA de C.V. announced that it filed on December 09, 2014, in the Civil Court of the Superior Court of Justice of the Federal District of Mexico as file number 1120/2014; an original petition and legal demand against Defendants Goldgroup Mining Inc., Goldgroup Resources Inc., and certain individuals acting in concert with the two Goldgroup companies. The Demand complains that Goldgroup has wrongfully used property, confidential information and data belonging to DynaMéxico; consistently failed to disclose, or has disclosed inaccurately, several matters of material importance to the public; and, the demand seeks to declare the American Arbitration Association (AAA) proceedings in Denver, Colorado, (filed by Goldgroup), as invalid or seeks to nullify such proceedings.

Timmins Gold Corp. Enters into Asset Purchase Agreement with Goldgroup Mining Inc. to Purchase 100% of the Caballo Blanco Gold Project

Timmins Gold Corp. announce that it has entered into an Asset Purchase Agreement with Goldgroup Mining Inc. to purchase 100% of the Caballo Blanco Gold Project, a gold development project in Veracruz State, Mexico (Caballo Blanco) for total consideration of $10 million in cash and 16,065,000 Timmins Gold shares. Under the terms of the Agreement, Timmins Gold will acquire a 100% interest in Caballo Blanco for consideration of $10 million in cash plus the issuance of 16,065,000 Timmins Gold shares. Timmins Gold has also agreed to pay to Goldgroup a contingent payment of an additional $5 million when Caballo Blanco receives its permit or Timmins Gold undergoes a change of control. The additional payment, if made, can be paid at Timmins Gold's option in cash or Timmins Gold shares. All shares issued in connection with the transaction will be subject to a hold period expiring four months and a day after issuance. The Caballo Blanco Project is subject to a 2% NSR in favour of a third party.

Goldgroup Mining Inc. Announces Executive Changes

Goldgroup Mining Inc. announced Sam Wong, CA has been appointed as the company's Chief Financial Officer. Mr. Wong is currently the Chief Financial Officer of Chesapeake Gold Corp. and Lowell Copper Ltd. Prior to those positions, he was the Corporate Controller at Luna Gold Corp. where he oversaw the finance division during Luna's transition from development through to commercial production. Goldgroup also announced that Dustin VanDoorselaere has resigned as Vice President, Operations.


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