Goldgroup Mining and Gold Resource Corporation Announce Expected Ticker Symbol of Combined Company
Goldgroup’s merger with Gold Resource Corp. closes July 17, transitioning to NYSE American under ticker GORO.
Goldgroup Mining Inc. and Gold Resource Corporation (GRC) announced that their previously announced merger is expected to close after market close on July 17, 2026. Upon closing, Goldgroup's common shares will commence trading on the NYSE American under the ticker symbol "GORO."
Concurrently, GRC's common stock will be delisted from the NYSE American, and Goldgroup's shares will cease trading on the OTC Markets. The transaction remains subject to obtaining all required approvals, including approval from the TSX Venture Exchange, and the satisfaction or waiver of all required closing conditions.
Goldgroup Mining Inc. (GGA) has reached a routine administrative milestone, confirming the final steps required before the closing of its previously announced $372 million merger. This update removes lingering regulatory uncertainty and confirms the pathway to a NYSE American listing, which was a stated strategic objective. No new financial, production, or operational data is disclosed.
Goldgroup Mining Inc. (GGA) is merging with Gold Resource to form a Mexico-focused precious metals producer. The combined entity’s assets include the producing Cerro Prieto heap leach mine in Sonora, the past-producing San Francisco mine in Sonora, the producing Don David underground mine in Oaxaca, and the advanced Back Forty development project in Michigan. The pro forma market capitalization is approximately US$680 million.