Goldgroup Mining Inc. · TSXV:GORO
Goldgroup Mining — Investor Presentation (October 2026)
38 slides from Goldgroup Mining's investor presentation, October 2026
Slide 1: Building Mexico's Next Mid-Tier Producer
MEXICAN-FOCUSED GOLD & SILVER PRODUCER Building Mexico´s Next Mid-Tier Producer A Proven Platform for Growth & Consolidation Goldgroup Mining Inc. is a gold and silver producer with four 100%-owned assets across Mexico and the United States, fast-tracking toward intermediate-producer scale. OCTOBER
Slide 2: Cautionary Notes and Technical Disclosure
TS X V : G O RO | NYS E AM E RI CAN: G O RO 2 NI 43-101 INFORMATION Cautionary Notes and Technical Disclosure Technical aspects of this presentation as they relate to Goldgroup Mining Inc. have been reviewed and AuEq grades are calculated using individual metal grades, metal prices, metallurgical re
Slide 3: Forward-Looking Information
TS X V : G O RO | NYS E AM E RI CAN: G O RO 3 IMPORTANT NOTICES AND DISCLAIMER Forward-Looking Information Certain information contained in this presentation, including any information relating to future financial or production schedules and economic returns from Goldgroup’s and Gold Resource’s proj
Slide 4: Goldgroup at a Glance
TS X V : G O RO | NYS E AM E RI CAN: G O RO 4 GOLDGROUP AT A GLANCE TARGETING Multi-Asset Portfolio 100,000+ Two producing mines and one restart project in Mexico support short-term production growth; Back Forty provides further upside and exposure to the U.S. DON DAVID CERRO PRIETO SAN FRANCISCO BA
Slide 5: Tightly Held, Debt Free
TS X V : G O RO | NYS E AM E RI CAN: G O RO 5 CAPITAL STRUCTURE TSXV: GORO N Y S E AM E R I C AN : G O R O Tightly Held, Debt Free 202.3 million basic shares, no debt, and roughly two thirds of the register held by insiders and associates. SHARES OWNERSHIP Basic shares outstanding 169.7 M Fiscal Wis
Slide 6: The Team Executing the Plan
TS X V : G O RO | NYS E AM E RI CAN: G O RO 6 LEADERSHIP & GOVERNANCE The Team Executing the Plan More than a century of combined mining experience, overseen by four independent directors across capital markets, engineering, geology and permitting. MANAGEMENT Javier Reyes Armando Alexandri Chet Holy
Slide 7: Operating in Safe, Mining-Friendly Jurisdictions
TS X V : G O RO | NYS E AM E RI CAN: G O RO 7 OUR PORTFOLIO Operating in Safe, Mining-Friendly BACK FORTY Michigan, USA · Development Jurisdictions CERRO PRIETO Sonora, Mexico · Producing Sonora and Oaxaca offer strong mining infrastructure, skilled labour and safe operating environments. Back Forty
Slide 8: Four Assets, One Growth Plan
TS X V : G O RO | NYS E AM E RI CAN: G O RO 8 PORTFOLIO AT A GLANCE Four Assets, One Growth Plan ~100,000 oz AuEq 2 0 2 7 E C O N C E P T U A L C O M B I N E D AN N U A L P R O D U C T I O N ANNUAL PRODUCTION oz AuEq per year · lighter segment shows the upper end of the range DON DAVID PRODUCING 30,
Slide 9: Just the Beginning.
TS X V : G O RO | NYS E AM E RI CAN: G O RO 9 PRODUCTION GROWTH Just the Beginning. WHAT DRIVES THE GROWTH Two producing mines Don David and Cerro Prieto generating cash today San Francisco restart Production, development and exploration across a North American portfolio Targeted for 2027 on permitt
Slide 10: The Path to 400,000 Ounces
TS X V : G O RO | NYS E AM E RI CAN: G O RO 10 HOW WE GET THERE The Path to 400,000 Ounces 4× today’s production E AC H S T E P S H O W S T H E AN N U AL R U N - R AT E O N C E COMPLETE Organic growth and acquisition. 01 STEP ONE 02 STEP TWO 03 STEP THREE 04 STEP FOUR 60,000 100,000+ 300,000+ 400,00
Slide 11: Major Growth Ahead.
TS X V : G O RO | NYS E AM E RI CAN: G O RO 11 VALUATION Major Growth Ahead. Breaking into the US$500 million to US$5 billion intermediate producer tier. Market Capitalization (US$M) Aura Minerals $7,208 West African 460 K92 Mining Torex 445 $5,269 Intermediate Producers Aura Minerals 365 Torex $4,6
Slide 12: Multiple Near-Term Catalysts
TS X V : G O RO | NYS E AM E RI CAN: G O RO 12 KEY MILESTONES Multiple Near-Term Catalysts Optimise and expand high-growth gold operations across all four assets, 2026 through 2027. Planned Conceptual 2026 2027 Q3 Q4 Q1 Q2 Q3 Q4 Ongoing exploration drilling Commence exploration at Margaritas D O N D
Slide 13: A Look At Our Operations
TS X V : G O RO | NYS E AM E RI CAN: G O RO 13 OUR OPERATIONS A Look At Our Operations DON DAVI D CERRO PRIETO SAN FRANCISCO BACK FORTY Oaxaca, Mexico Sonora, Mexico Sonora, Mexico Michigan, USA
Slide 14: Don David
TS X V : G O RO | NYS E AM E RI CAN: G O RO 14 CONTAINED METAL 31.2 Koz 6.1 Moz 43.2 Mlbs 3.0 Mlbs 14.2 Mlbs GOLD SILVER ZINC COPPER LEAD Global measured & indicated 883 Kt at 1.1 g/t Au, 217 g/t Ag, 2.2% Zn, 0.15% Cu and 0.73% Pb. R O Y AL T Y 3% MINE TYPE Underground, epithermal vein MINE LIFE 4+
Slide 15: Claims and Exploration Targets
TS X V : G O RO | NYS E AM E RI CAN: G O RO 15 DON DAVID Claims and Exploration Targets The claim package: two operating mines and the key exploration targets.
Slide 16: Margaritas Project
TS X V : G O RO | NYS E AM E RI CAN: G O RO 16 REGIONAL DON DAVID EXPLORATION Margaritas Project A near-mine opportunity in the proven San José corridor, 5 to 12 km from the Arista mine. LOCATION Great access, near mine, geographically favourable. Margaritas represents a compelling near-mine explora
Slide 17: El Rey Project
TS X V : G O RO | NYS E AM E RI CAN: G O RO 17 REGIONAL DON DAVID EXPLORATION El Rey Project 44 km north-west of the Arista mine, at the north-western end of the 55 km San José structural corridor. North-south cross section no. 766,835E, looking w est LOCATION Situated 44 km NW of the Arista mine at
Slide 18: The Sonora Trends
TS X V : G O RO | NYS E AM E RI CAN: G O RO 18 SONORA, MEXICO The Sonora Trends On the prolific Mojave–Sonora Megashear and the Sierra Madre Trend.
Slide 19: Cerro Prieto
TS X V : G O RO | NYS E AM E RI CAN: G O RO 19 RESOURCE & OPERATION 3,129 kt 0.37 g/t 15–20+ Koz AuEq 5,500 tpd M&I RESOURCE GOLD GRADE ANNUAL PRODUCTION THROUGHPUT Measured and indicated only. Company projected 2026 production of 16.6 Koz payable gold and 8.3 Koz payable silver. R O Y AL T Y 2% MIN
Slide 20: The Cerro Prieto District
Socorro Zone – 4 km Puma Pit TS X V : G O RO | NYS E AM E RI CAN: G O RO 20 P UM A · M INERAL ISAT IO N H I G HLI GHTS CP517 13.60 m 1.05 g/t Au · 230.7 g/t Ag Reyna CP519 16.73 m 1.34 g/t Au · 30.54 g/t Ag CP529 53.27 m 0.40 g/t Au · 1.25 g/t Ag CP525 13.45 m 0.63 g/t Au · 4.05 g/t Ag Nueva Esperan
Slide 21: San Francisco
TS X V : G O RO | NYS E AM E RI CAN: G O RO 21 RESOURCE & POTENTIAL 105 Mt 0.36 g/t 1.23 Moz 40–60 Koz Au M&I RESOURCE GOLD GRADE CONTAINED GOLD ANNUAL POTENTIAL Measured and indicated only. San Francisco has no demonstrated mineral reserves. R O Y AL T Y 1% gold royalty, plus a 1% Mexican governmen
Slide 22: The Mine Complex
TS X V : G O RO | NYS E AM E RI CAN: G O RO 22 SAN FRANCISCO Sonora State, Mexico RE-START The Mine Complex Two open pits, a crushing circuit, leach pads and two ADR plants already built. The restart is a refurbishment, not a construction project. La Chicharra pit Leach pads San Francisco pit Crushe
Slide 23: Exploration Upside
TS X V : G O RO | NYS E AM E RI CAN: G O RO 23 SAN FRANCISCO Sonora State, Mexico RE-START Exploration Upside A 46,931-hectare package: 33,647 hectares contiguous to the mine, and 13,284 hectares of regional concessions. 46,931 ha 33,647 ha 13,284 ha T O T AL P AC K AG E CONT IGUOUS R E G I O N AL B
Slide 24: Brownfield Exploration Targets
TS X V : G O RO | NYS E AM E RI CAN: G O RO 24 SAN FRANCISCO RE-START Brownfield Exploration targets Brownfield Exploration Targets Seven near-mine target areas, all within 1 to 10 km of existing processing infrastructure. 7 1 – 10 km 10,000 m 3 N E AR - M I N E T AR G E T S F RO M T H E P L AN T P
Slide 25: Greenfield Exploration Targets
TS X V : G O RO | NYS E AM E RI CAN: G O RO 25 SAN FRANCISCO RE-START Greenfield Exploration Targets Four regional projects across 13,284 hectares, carrying different mineralization systems. THE PROJECTS NORMA · PIMA Initial drilling by former operators. DUL CE · PAT RICIA- L O S CARL O S Mapping an
Slide 26: Back Forty
TS X V : G O RO | NYS E AM E RI CAN: G O RO 26 INDICATED RESOURCE 14.5 Mt 2.21 g/t 27 g/t 0.38 % 3.35 % TONNES GOLD SILVER COPPER ZINC Acquired with Aquila Resources in 2021, with over US$95 million spent on exploration to date. S T AG E Late-stage development, definitive feasibility study underway
Slide 27: Project Economics
TS X V : G O RO | NYS E AM E RI CAN: G O RO 27 BACK FORTY Michigan, USA DEVELOPMENT Project Economics An open pit and underground polymetallic VMS project. Three gold price cases from the 2023 preliminary economic assessment. BASE CASE SPOT CONSENSUS US$1,800 /oz gold US$2,700 /oz gold US$3,036 /oz
Slide 28: Fast Track to Intermediate Producer
TS X V : G O RO | NYS E AM E RI CAN: G O RO 28 WHY INVEST Fast Track to Intermediate Producer Quality gold and silver assets, production and cash flow exposure, exploration upside, a strong management team, attractive valuation, clear catalysts, and leverage to the gold price. INCREASED SCALE 01 PRO
Slide 29: Thank you.
TS X V : G O RO | NYS E AM E RI CAN: G O RO 29 GOLDGROUP MINING INC. Thank you. Built to produce. Positioned to grow. CHAIRMAN & CEO INVESTOR RELATIONS CORPORATE OFFICE Javier Reyes Sophia Shane Vancouver sshane@goldgroupmining.com Suite 410, 1111 Melville Street jreyes@goldgroupmining.com +1 604 30
Slide 30: Appendix.
TS X V : G O RO | NYS E AM E RI CAN: G O RO 30 GOLDGROUP MINING INC. Appendix. Built to produce. Positioned to grow. SEPTEMBER 2026 NYSE AM ERICAN: GORO TSXV: GORO FSE: 55G0
Slide 31: Goldgroup Mineral Reserves & Resources
TS X V : G O RO | NYS E AM E RI CAN: G O RO 31 GOLD GROUP MIN ERAL RES ERVES & RES OURC ES Au Grade Ag Grade Cu Grade Pb Grade Zn Grade Contained Au Contained Ag Contained Cu Contained Pb Contained Zn Project Category Tonnes (Kt) (g/t) (g/t) (%) (%) (%) (Koz) (Koz) (Mlbs) (Mlbs) (Mlbs) Proven 26 1.9
Slide 32: San Francisco Greenfield Exploration Targets
TS X V : G O RO | NYS E AM E RI CAN: G O RO 32 SAN FRANCISCO GREENFIELD E X P LO R AT I O N TA RG E T D B Different mineralization systems are part of regional projects A Norma and Pima projects have initial drilling by former operators Dulce and Patricia-Los Carlos have mapping and sampling work Du
Slide 33: San Francisco Brownfield Exploration Targets
TS X V : G O RO | NYS E AM E RI CAN: G O RO 33 S A N F R A N C I S C O B RO W N F I E L D E X P LO R AT I O N TA RG E T S Brownfield Exploration targets • Seven near-mine target areas have been identified within approximately 1–10 km of existing processing infrastructure, together with opportunities
Slide 34: TS X V : G O RO NYS E AM E RI CAN: G
TS X V : G O RO | NYS E AM E RI CAN: G O RO 34
Slide 35: The Pit Areas
TS X V : G O RO | NYS E AM E RI CAN: G O RO 35 SAN FRANCISCO The Pit Areas The San Francisco and La Chicharra pits, with the North Pit and Llano expansion targets.
Slide 36: Expansion Potential
TS X V : G O RO | NYS E AM E RI CAN: G O RO 36 SAN FRANCISCO Expansion Potential The block model and planned drilling along the trend of the existing pits.
Slide 37: The Resource in 3D
TS X V : G O RO | NYS E AM E RI CAN: G O RO 37 SAN FRANCISCO The Resource in 3D The San Francisco pit area and its expansion potential, in section. WHAT THE M ODEL SHOWS Block-model gold grades from 0.1 g/t to above 1.0 g/t Au around the historic pits, with the mineralized body outlined and planned
Slide 38: Exploration Upside
TS X V : G O RO | NYS E AM E RI CAN: G O RO 38 SAN FRANCISCO Sonora State, Mexico RE-START Exploration Upside A 46,931-hectare package: 33,647 hectares contiguous to the mine, and 13,284 hectares of regional concessions. 46,931 ha 33,647 ha 13,284 ha T O T AL P AC K AG E CONT IGUOUS R E G I O N AL B
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