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Last C$0.06 CAD
Change Today 0.00 / 0.00%
Volume 60.8K
As of 12:39 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

goldgroup mining inc (GGA) Snapshot

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52 Week High
12/18/14 - C$0.24
52 Week Low
08/25/15 - C$0.05
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goldgroup mining inc (GGA) Details

Goldgroup Mining Inc., together with its subsidiaries, acquires, explores, and develops gold-bearing mineral properties in the Americas. The company’s gold exploration activities are conducted primarily in Mexico. It also operates 100%-owned Cerro Prieto heap-leach gold mine, in the state of Sonora. Goldgroup Mining Inc. is headquartered in Vancouver, Canada.

1 Employees
Last Reported Date: 03/31/15

goldgroup mining inc (GGA) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $50.0K
Chief Financial Officer and Secretary
Total Annual Compensation: $3.7K
Compensation as of Fiscal Year 2014.

goldgroup mining inc (GGA) Key Developments

Goldgroup Mining Inc. Appoints Javier Montaño as Board of Director

Goldgroup Mining Inc. appointed Mr. Javier Montaño as board of director. He is currently the Chief Executive Officer of C-UNO, S.A. de C.V. which is part of the group which owns a series of retail chain stores in Mexico and South America. Mr. Montaño holds various other positions which includes: Secretary and Board Member of Codesin, which is the private sector chamber for economic development for the State of Sinaloa; President of Administración de Crediavance, S.A. de C.V. Sofom ENR, which is a microfinance company with a presence in Sinaloa, Sonora, Baja California Norte, Baja California Sur, Nayarit and Jalisco; Member of the Board of Promotora de Casas y Edificios SA de CV, which is a real estate developer in Mexicali and Tijuana in the State of Baja California; Member of the Board of Endeavor for the State of Sinaloa, a non-profit organization headquartered in New York that credits itself as pioneering the concept of high-impact entrepreneurship in emerging and growth markets around the world.

Goldgroup Amends Promissory Note Terms with Oroco Resource Corp

Goldgroup Mining Inc. announced that it has agreed to amend the payment terms for the $1,000,000 balance of principal remaining owing from the $1,500,000 promissory note issued by the Company to Oroco Resource Corp. pursuant to terms of the Cerro Prieto property sale. Goldgroup has issued the Oroco two promissory notes in replacement of the Note. The first note, in the principal amount of $250,000, is payable on demand. The second, in the principal amount of $750,000, is payable on or before September 15, 2015. Both new promissory notes bear 8% annual interest, payable monthly in arrears.

Goldgroup Mining Inc. Auditor Raises 'Going Concern' Doubt

Goldgroup Mining Inc. filed its Annual on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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Price/Sales 9.0x
Price/Book 0.2x
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