Business
Gold Resource Corporation Announces Business Combination With Goldgroup Mining
DENVER, January 26, 2026--Gold Resource Corporation (NYSE American: GORO) (the "Company," "we," "our," or "GRC") is pleased to announce that it has entered into a definitive arrangement agreement and plan of merger (the "Arrangement Agreement") with Goldgroup Mining Inc. (TSX-V: GGA; OTC: GGAZF) ("Goldgroup"), whereby Goldgroup has agreed to acquire all of the issued and outstanding shares of the Company’s common stock (the "Transaction").
About this update from Gold Resource Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":301,"url":"https://media.zenfs.com/en/business-wire.com/a6ae8a7b991cf826a04f8ff18728d3b0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/40K83HXiRL2f1IdD5oT4Dg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYwMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/a6ae8a7b991cf826a04f8ff18728d3b0","width":480,"height":301}},"lazy":false},{"type":"text","content":"DENVER, January 26, 2026--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the "Company," "we," "our," or "GRC") is pleased to announce that it has entered into a definitive arrangement agreement and plan of merger (the "Arrangement Agreement") with Goldgroup Mining Inc. (TSX-V: GGA; OTC: GGAZF) ("Goldgroup"), whereby Goldgroup has agreed to acquire all of the issued and outstanding shares of the Company’s common stock (the "Transaction").","length":530,"tagName":"p"},{"type":"text","content":"Pursuant to the Arrangement Agreement, the Company’s stockholders will receive 1.4476 common shares of Goldgroup for each share of the Company’s common stock (adjusted to 0.3619 common shares of Goldgroup for each share of the Company’s common stock as a result of a four-for-one share consolidation to be completed by Goldgroup prior to closing). Based on the closing price of Goldgroup’s common shares on January 23, 2026, the exchange ratio represents a value of US$2.25 per share of the Company’s common stock, reflecting a 39% premium to the Company’s closing price on January 23, 2026. The Transaction values the Company’s common stock at approximately US$372 million on a fully-diluted in-the-money basis and based on the value of Goldgroup shares on January 23, 2026.","length":775,"tagName":"p"},{"type":"text","content":"The proposed transaction will occur by way of a reverse triangular merger in which the Company will merge with a wholly owned subsidiary of Goldgroup under Colorado law and a plan of arrangement under the Business Corporations Act (British Columbia), with the Company surviving as a wholly owned subsidiary of Goldgroup. Upon completion of the Transaction, GRC stockholders are expected to own approximately 40% of the combined company on a fully-...