The report provides an independent assessment of the mineral resource estimates of the Esperanzas deposit at the Cerro Prieto mine, which includes the adjacent La Esperanza and Nueva Esperanza zones. The company owns 100% of the 6,980 hectares of mining concessions and has been in production since 2013. Approximately 136,000 ounces of gold have been produced over 11 years to September 30, 2025. Annual production over the past two years as of September 30eIn 2025, open-pit mining with a crushing capacity of 2,400 tons per day at the Cerro Prieto mine produced 8,174 ounces of gold.
The company recently installed a second crushing circuit, doubling crushing capacity to more than 4,200 tons per day, which will help achieve our goal of significantly increasing gold production.
The report highlights the potential of the Esperanzas Deposit area and other nearby targets. Goldgroup has begun exploration of these areas and has also begun preparations for tailings reprocessing, a key optimization initiative to further increase gold production at the mine.
The following table presents the NI 43-101 assessment of the measured and indicated resources in the Esperanzas Deposit with a cut-off grade of 0.20 g/ton gold. The inferred resource estimate at the Esperanzas Deposit is shown below.
Please read the report in its entirety for assumptions and detailed information regarding mineral resource estimates and other important information.
About Goudgroep
Goldgroup is a Canadian-based mining company with two fast-growing gold assets in Mexico. The company has a 100% interest in the producing Cerro Prieto heap-leach gold mine in the state of Sonora. An optimization and exploration program is underway at Cerro Prieto to significantly increase existing production and resources.
Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate financing and exploration in Mexico.
For more information, please contact Sophia Shane at sshane@goldgroupmining.com or +1 604 306 6867 or visit the company’s website at www.goldgroupmining.com
On behalf of the Board of Directors
Ralph Shearing, CEO
Investor Relations
Sophia Shane
(604) 306-6867
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including any information regarding future financial or operating performance, may be deemed “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements relate to analyzes and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions made by management. Actual results may differ materially from the conclusions, forecasts and projections contained in such forward-looking information.
These forward-looking statements reflect Goldgroup’s current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “planned”, “forecast”, “budget” or the negative of these terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from those reflected in the forward-looking information and are developed based on assumptions about such risks, uncertainties and other factors, including, but not limited to: successful implementation of the Company’s plans at the Cerro Prieto Project; uncertainties regarding actual capital costs, operating costs and expenses; production schedules and economic returns from Goldgroup’s projects; uncertainties associated with development activities; uncertainties inherent in the estimation of extraction of mineral resources and precious metals; uncertainties related to current global economic conditions; fluctuations in the prices of precious and base metals; uncertainties regarding the availability of future financing; potential issues with joint venture partners; there is a risk that Goldgroup’s ownership rights to its properties may be called into question; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup’s need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup’s lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties regarding the competitiveness of the mining sector; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and insufficient insurance coverage; risks associated with possible legal proceedings; risks associated with community relations; risks of external contractors; risks associated with archaeological sites; currency risks; risks related to security and human rights; and risks related to the need for reclamation activities on Goldgroup’s properties, as well as the risk factors described in Goldgroup’s MD&A. All forward-looking information in this press release is qualified by these cautionary statements.
Although Goldgroup believes that the forward-looking information contained in this press release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as required by and in accordance with applicable securities laws.
Qualified persons
The preparation of the technical data contained in this document was supervised and approved by Rodrigo R Carneiro MSc, QP, SME Registered Member, an independently qualified person under NI 43-101.
Source
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