The latest announcement is out from Goldgroup Mining ( (TSE:GGA) ).
Goldgroup Mining Inc. announced the final close of its non-brokered private placement, raising approximately CAD $7.77 million. The funds will be used for improvements at the Cerro Prieto mine, updating the Pinos Project’s economic assessment, debt reduction, and general working capital. This move is expected to strengthen Goldgroup’s operational capabilities and market position, pending final approval from the TSX Venture Exchange.
More about Goldgroup Mining
Goldgroup Mining Inc. is a Canadian-based mining company that owns and operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico. The company is led by a team with extensive expertise in mine development, corporate finance, and exploration in Mexico.
YTD Price Performance: 329.17%
Average Trading Volume: 336,424
Technical Sentiment Signal: Sell
Current Market Cap: $93.16M
For an in-depth examination of GGA stock, go to TipRanks’ Stock Analysis page.