Goldgroup Mining sells its Mexican Pinos project for $5M to focus on core mines in Sonora.

Goldgroup Mining Inc. has agreed to sell its Pinos gold/silver project in Zacatecas, Mexico, to a private British Columbia company for $5 million, pending TSX Venture Exchange approval. The deal includes a refundable $2.45 million deposit, with the remainder paid at closing and via a promissory note. The buyer assumes all project liabilities, including $1.5 million in debt and $400,000 in remaining payments. Goldgroup said the sale allows it to focus on its core assets—Cerro Prieto and the recently acquired San Francisco gold mines in Sonora, Mexico—both within 44 km of each other, with proceeds supporting optimization and production restart. The transaction is arm’s length with no finder’s fees. A separate clarification confirmed a $200,000 payment to Machai Capital Inc. for digital marketing services, with no ownership stake in Goldgroup by the firm or its principal as of October 13, 2025.