Business
Goldgroup Announces Mexican Federal Government Order to Temporarily Suspend All Non-Essential Businesses Until April 30, 2020 Due to COVID-19
VANCOUVER, British Columbia, April 08, 2020 (GLOBE NEWSWIRE) -- Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) annou
About this update from Goldgroup Mining Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, April 08, 2020 (GLOBE NEWSWIRE) -- Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces that the Mexican federal government has mandated that all non-essential businesses, temporarily suspend operations until April 30 due to the COVID-19 virus. The Company will work towards an orderly reduction of mining, crushing and stacking activities. Given that the Company operates a heap leach mine, the Company expects metal production and metal sales will continue during this time. “While we have no confirmed cases of COVID-19 in the Company, the safety and the health of our employees, contractors, and communities is our top priority in this unprecedented time. All essential employees for this operation will follow safety protocols and precautionary measures. This is a rapidly evolving situation and we will take further action based on the best available information,” said Anthony Balic, Interim CEO. About Goldgroup Goldgroup is a Canadian-based gold production, development, and exploration Company with a significant upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San José de Gracia located in the State of Sinaloa. In addition, the Company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico. Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico. Goldgroup's mission is to increase gold production, mineral resources, profitability and cash flow, with a view to building a leading gold producer. For further information on Goldgroup, please visit www.goldgroupmining.com On behalf of the Board of Directors Investor Relations Toll Free: 1-877-655-ozAu (6928) CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered \"forward-looking information\" (within the meaning of applicable Canadian securities law) and \"forward-looking statements\" (within the meaning of the United States Private Securities Litigation Reform Act of 1995). The...