Goldgroup Provides Update on Listing
Goldgroup Provides Update on Listing
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2024) - Goldgroup Mining Inc. (TSX: GGA)
(OTC Pink: GGAZF) (BMV SIX: GGAN.MX) ("
Goldgroup
" or the "
Company
") has received a letter
from the Continued Listing Committee ("Committee") of the Toronto Stock Exchange (the "TSX") stating
that the Committee has determined to delist the Company's common shares effective at the close of
market on February 16, 2024 (the "Delisting Date") for failing to meet the continued listing requirements
of the TSX. The Company has been making arrangements to transition its listing to the TSX Venture
Exchange ("TSXV") and will issue a further press release once the date of listing on the TSXV has been
determined. The Company expects the transition to happen on or prior to the Delisting Date to avoid
interruptions in trading, however, there can be no assurances that the transition will happen by that date
or at all.
About Goldgroup
Goldgroup is a Canadian-based mining Company that owns and operates the Cerro Prieto heap-leach
gold mine located in the State of Sonora, Mexico and is led by a team of highly successful and seasoned
individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.
For further information on Goldgroup, please visit
www.goldgroupmining.com
On behalf of the Board of Directors
Investor Relations
Toll Free: 1-877-655-ozAu (6928)
The TSX has neither reviewed nor accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release, including any information relating to future
financial or operating performance, may be considered "forward-looking information" (within the
meaning of applicable Canadian securities law) and "forward-looking statements" (within the meaning
of the United States Private Securities Litigation Reform Act of 1995). These statements relate to
analyses and other information that are based on forecasts of future results, estimates of amounts not
yet determinable and assumptions of management. Actual results could 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", "scheduled", "forecast", "budget" or the
negative of those terms or other comparable terminology. Certain assumptions have been made
regarding TSXV acceptance of the Company's listing application and timing of this acceptance. Many
of these assumptions are based on factors and events that are not within the control of Goldgroup and
there is no assurance they will prove to be correct.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to materially differ from those reflected in the
forward-looking information, and are developed based on assumptions about such risks, uncertainties
and other factors including, without limitation: receipt of all required stock exchange and regulatory
approvals,; the continued listing and trading of the Company's common shares; the continuing impact
of COVID-19; the continuing impact of regulatory responses to COVID 19 on the employees,
business and operations of the Company; uncertainties related to actual capital costs operating costs
and expenditures; production schedules and economic returns from Goldgroup's projects;
uncertainties associated with development activities; uncertainties inherent in the estimation of
mineral resources and precious metal recoveries; uncertainties related to current global economic
conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of
future financing; potential difficulties with joint venture partners; risks that Goldgroup's title to its
property could be challenged; 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 related to the
competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks
associated with competition for water; uninsured risks and inadequate insurance coverage; risks
associated with potential legal proceedings; risks associated with community relations; outside
contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with
security and human rights; and risks related to the need for reclamation activities on Goldgroup's
properties, as well as the risk factors disclosed in Goldgroup's Annual Information Form and MD&A
and other public disclosure by Goldgroup. Any and all of the forward-looking information contained in
this news release is qualified by these cautionary statements.
Although Goldgroup believes that the forward-looking information contained in this news release is
based on reasonable assumptions, readers cannot be assured that actual results will be consistent
with such statements. Accordingly, readers are cautioned against placing 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 may
be required by, and in accordance with, applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/195030