Goldgroup Mining Inc. (V:GGA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 1201, 1166 Alberni Street VANCOUVER BC V6E 3Z3 |
| Tel: | N/A |
| Website: | https://www.goldgroupmining.com |
| IR: | See website |
| Key People | ||
| Anthony Bob Balic Interim Chief Executive Officer, Chief Financial Officer, Corporate Secretary, Director | ||
| Business Overview |
| Goldgroup Mining Inc. is a Canada-based gold production, development and exploration company. The Company is focused on exploring and developing production from its two assets: San Jose de Gracia in Sinaloa and Cerro Prieto mine. San Jose de Gracia project, which is in the northeast portion of Sinaloa State, Mexico, approximately 120 kilometers (kms) northeast of the coastal city of Los Mochis, straddling the Chihuahua border. The property consists of approximately 34 mineral concessions covering approximately 69,000 hectares. The Cerro Prieto Property, located in the Cucurpe Mining District, Sonora, Mexico, is comprised of the San Felix (205 ha), San Francisco (10 ha), Elba (5.82 ha), Huerta de Oro (20 ha), Reyna de Plata (9.79 ha), Cerro Prieto North (2,508 ha) and Argonauta 6 (4,120 ha) mineral concessions. The Cerro Prieto Property is 52 road kilometers from the regional center of Magdalena de Kino and approximately 150 kms northeast of the City of Hermosillo. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Goldgroup Mining Inc revenues increased from $552K to $9.8M. Net loss increased from $3.1M to $6.7M. Revenues reflect Gold sales increase from $525K to $9.7M, Silver sales increase from $27K to $100K. Higher net loss reflects FV/Uls Adjust on Derivatives for Hedging decrease of 81% to $98K (income), Other income decrease of 47% to $272K (income). |
| Employees: | 148 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2.74M as of Dec 31, 2023 |
| Annual revenue (TTM): | $13.45M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.85M as of Dec 31, 2023 |
| Net annual income (TTM): | -$9.27M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$21.54M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 82,744,000 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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