Denver Gold Group > Member Company Profile > Goldgroup Mining Inc.


Address

2184 - 1055 Dunsmuir Street, Bentall Four
Vancouver, BC V7X 1L3
Canada


Value Drivers

  • Well-funded and no debt: Raised $40 million at $1.40 in last equity  financing
  • Undervalued relative to peers
  • World-class management team with proven operating experience in Mexico
  • Signifi cant management ownership (~20% of o/s shares)
  • Mexico: Highly-prospective and mining friendly region

Management

Chairman: Gregg J. Sedun
CEO/President/MD:  Keith Piggott
CFO: John Sutherland
Other Key Staff: Dr. Paul Zweng, Director
Dr. Hans von Michaelis, Director
Robert Byford, Director
Corry Silbernagel, Director
Francisco Escandon, Director

Stephanie Batory, Investment Relations Manager

IR Contact

Stephanie Batory
778.330.2770

goldgroupmining.com


Cautionary Information

© Copyright 2012, Denver Gold Group & Goldgroup Mining Inc..

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

 

Goldgroup Mining Inc.

Toronto Stock Exchange : GGA

Last Updated: March 28, 2012

Information is qualified - read footnotes


Status: Producer
Primary Mineral: Gold
Secondary Mineral: Silver
Primary Country of Operation: Mexico

Goldgroup Mining Inc. (“Goldgroup” or the “Company”) is a well-funded Canadian-based gold production and exploration company with significant upside in a portfolio of projects in Mexico, one of the world’s best mining jurisdictions. Goldgroup’s goal is to produce 200,000+ oz Au per year through organic growth within three years from the Company’s three main assets: Caballo Blanco, San José de Gracia and Cerro Colorado.


Annual Production
Gold, koz per year
GEOs: Yes 

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101, GEOs: Yes 

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.


Other Markets Traded On

OTC: GGAZF


Top Shareholders

  • Mr. Keith Piggott
  • Baker Steel Capital Managers (London)
  • Almaden Minerals Inc.
  • MacKenzie Financial Corp.
  • Sprott Asset Management

Capital Structure

Common Shares Outstanding: 128,526,049
Float (%): 1
Warrants Outstanding: 2,000,000
Options Outstanding: 11,477,848
Fully Diluted Shares: 142,003,897

Stock as of April 24, 2012

  Local: CAD USD
Stock Price: 0.63 0.64
52-Week Range: 0.6200 - 1.7500 0.63 - 1.77
Market Cap: 81 MM 82 MM
Fully Diluted Market Cap: 89 MM 90 MM
1-Year Return: -57.72%  

Latest News




Notes

*Regarding 2012F Resources, this is subject to change. If a change occurs, we will notify Kristen, Goldgroup's conference contact, immediately.

Thanks.