Management ChangeJul 29, 2026, 04:06 PM
Goldgroup Announces Leadership Transition; Javier Reyes Interim CEO
AI Summary
Goldgroup Mining Inc. announced a leadership transition, with Javier Reyes appointed Interim Chief Executive Officer, replacing Allen Palmiere, as the company integrates its recent merger and advances its growth strategy. The company provided a corporate update detailing aggressive exploration and development programs across its assets, including over 23,000 meters of drilling at Don David Mine and 24,000 meters at San Francisco Project. Additionally, Goldgroup filed an updated technical report for the San Francisco Project, confirming no changes to the previously disclosed mineral resource estimate.
Key Highlights
- Javier Reyes appointed Interim Chief Executive Officer, replacing Allen Palmiere.
- Company advancing growth strategy following successful merger with Gold Resource Corporation.
- Don David Mine completed over 23,000 meters of drilling year-to-date with 7 rigs.
- San Francisco Project has 3 drill rigs for a 24,000-meter diamond drilling program.
- Evaluating potential restart of San Francisco Project production by year-end.
- Cerro Prieto has 3 drill rigs for resource expansion and confirmatory drilling.
- Feasibility study for Back Forty Project commenced in May.
- Filed updated technical report for San Francisco Project with no changes to mineral resource estimate.
Price Impact