Last $0.20 USD
Change Today -0.004 / -1.97%
Volume 4.0K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

goldgroup mining inc (GGAZF) Snapshot

Open
$0.20
Previous Close
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Day High
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Day Low
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52 Week High
03/13/14 - $0.29
52 Week Low
11/22/13 - $0.04
Market Cap
27.2M
Average Volume 10 Days
20.3K
EPS TTM
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Shares Outstanding
136.4M
EX-Date
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P/E TM
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goldgroup mining inc (GGAZF) Details

Goldgroup Mining Inc. acquires, explores, and develops gold-bearing mineral properties in the Americas. Its flagship project includes the Caballo Blanco project that consists of 14 mineral concessions covering an area of 54,732 hectares, located in the state of Veracruz. The company is headquartered in Vancouver, Canada.

2 Employees
Last Reported Date: 03/31/14

goldgroup mining inc (GGAZF) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $465.4K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: $144.1K
Vice President of Operations
Total Annual Compensation: $195.0K
Compensation as of Fiscal Year 2012.

goldgroup mining inc (GGAZF) Key Developments

Sonoran Resources LLC and SR Servicios Mineros, S.A. Commence Legal Action against Oroco Resource Corp., Minas de Oroco Resources, S.A. de C.V. and Goldgroup Mining Inc

Oroco Resource Corp. (Oroco) advised that Sonoran Resources LLC and its Mexican subsidiary, SR Servicios Mineros, S.A. de C.V. (jointly, 'Sonoran'), have filed a lawsuit in Arizona against Oroco, Minas de Oroco Resources, S.A. de C.V. (MOR), and Goldgroup Mining Inc. arising from events and services related to the engineering, procurement and construction management agreement (EPCM Agreement) and related service agreements (the jointly, the 'Sonoran Contracts') between Oroco, Minas de Oroco and Sonoran in regard to the mine construction at Cerro Prieto, Sonora State, Mexico (the 'Cerro Prieto Property'). In August of 2013, Oroco sold MOR, the owner of the Cerro Prieto Property, to Goldgroup. In its claim, Sonoran alleges that Oroco (1) breached the Sonoran Contracts; (2) breached its duty of good faith under the Sonoran Contracts; and (3) made fraudulent and/or negligent misrepresentations which harmed Sonoran. Sonoran is seeking damages in an amount to be determined at trial, but claimed to be in excess of $3,000,000, being the fees claimed to be payable to Sonoran pursuant to the Sonoran Contracts if they had been carried out, inclusive of a net amount of $177,066.43 in unpaid invoices, and 250,000 common shares of Oroco. Further, Sonoran has also claimed that Goldgroup breached the Sonoran Contracts, to which Goldgroup was not a party, and that it intentionally interfered with Sonoran's business expectations, causing the loss of at least $3,000,000 of net profits from the fees claimed to be payable pursuant to the Sonoran Contracts if they had been carried out. As a part of the sale of the Cerro Prieto Property, Oroco agreed to indemnify and defend Goldgroup and Minas de Oroco against all claims brought by Sonoran arising from the events or services related to the Sonoran Contracts. It is Goldgroup's and Oroco's opinion that the claims against Goldgroup are completely without merit.

Goldgroup Mining Inc. Auditor Raises 'Going Concern' Doubt

Goldgroup Mining Inc. filed its Annual on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

DynaResource Retracts Lawsuit Filed Against Goldgroup

Goldgroup Mining Inc. announced that the lawsuit filed against it and others in Dallas County District Court by DynaResource Inc. and DynaResource de Mexico, S.A. de C.V. has been retracted by the plaintiffs effective March 7, 2014 with all parties bearing their own costs and attorneys' fees incurred.

 

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TEV/Sales 0.9x
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