$3.650
-0.135 (-3.69%)At close
GORO News
GORO Events
Goldgroup Mining Completes Merger with GRC
Goldgroup Mining and Gold Resource are pleased to announce that they have closed the previously announced merger pursuant to the Arrangement Agreement and Plan of Merger, dated January 25, 2026 and amended on May 15, 2026, by and among GRC, Goldgroup, and Goldgroup Merger Sub Inc., a wholly owned subsidiary of Goldgroup. At the effective time of the Merger, GRC merged with and into Merger Sub, with GRC surviving as a wholly owned subsidiary of Goldgroup. As a result of the Merger, GRC shareholders are entitled to receive 0.3619 common shares of Goldgroup for each share of GRC's common stock. As a result of the Merger, GRC will be delisted from the NYSE American prior to market open on or about July 20, 2026. Immediately following the delisting, Goldgroup will commence trading under the ticker symbol "GORO" on the NYSE American. Goldgroup's common shares will no longer be quoted on the OTC Markets upon commencement of trading on the NYSE American. GRC will also apply to cease to be a reporting issuer in the applicable jurisdictions in Canada. In connection with the completion of the Merger, the TSX Venture Exchange has approved the change of Goldgroup's ticker symbol from "GGA" to "GORO," which ticker symbol change is expected to become effective on or around Wednesday, July 22, 2026.
Gold Resource Corporation Merger Excludes from Russell 2000 Index
Gold Resource Corporation (GORO) received notification from the FTSE Russell that following the Company's previously announced merger with Goldgroup Mining (GGAZF), the combined company will not be eligible for inclusion in the Russell 2000 Comprehensive Factor Index beginning on July 20 as Goldgroup does not meet FTSE Russell's nationality eligibility requirements within the Russell Index family, apparently based on Goldgroup's Canadian home country indicators. Previously, GRC had been added to certain Russell Indexes effective after the market close on June 26 in connection with the annual and semi-annual Russell U.S. Indexes reconstitution. Subject to obtaining all required approvals and the satisfaction or waiver of all required closing conditions for the Merger, the Merger is expected to be consummated after the market close on July 17.
Gold Resource Corporation Announces Merger Plan with Goldgroup
Gold Resource Corporation (GORO) announced updates regarding our upcoming Special Meeting of Shareholders scheduled for July 2, 2026. The definitive proxy statement has been filed with the Securities and Exchange Commission, and mailing has been completed to shareholders of record as of May 26. Following the finalization of the definitive transaction documentation, the Company is moving into the final approval phase of its strategic combination. Under the terms of the Arrangement Agreement and Plan of Merger dated January 25 as amended on May 15, the Company will combine with Goldgroup Mining (GGAZF) via a reverse triangular merger with Goldgroup Merger Sub, a wholly owned subsidiary of Goldgroup. Management believes that the proposed Merger represents a net benefit for the Company's shareholders: Direct Share Exchange: GRC stockholders will receive 1.4476 common shares of Goldgroup for each share of GRC common stock they own. Enhanced Operational Scale: The proposed Merger creates a consolidated precious metals company with stronger asset utilization, expanded exploration potential, and a unified platform built to navigate dynamic mining markets. Continued Upside Exposure: Shareholders will retain significant ongoing equity ownership in the combined enterprise, allowing them to benefit directly from future growth, anticipated cost synergies, and broader market visibility. The Board of Directors of the Company has thoroughly reviewed the proposed Merger and strongly urges GRC's shareholders to vote "FOR" the proposals within the definitive proxy statement.
Gold Resource Enters Merger Agreement with Goldgroup
Gold Resource (GORO) has entered into a definitive arrangement agreement and plan of merger with Goldgroup Mining (GGAZF), whereby Goldgroup has agreed to acquire all of the issued and outstanding shares of the company's common stock. 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 -. The exchange ratio represents a value of $2.25 per share of the company's common stock, reflecting a 39% premium to the company's closing price on January 23. The transaction values the company's common stock at approximately $372M on a fully-diluted in-the-money basis and based on the value of Goldgroup shares on January 23. 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, 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-diluted in-the-money basis. The transaction is expected to close in Q2 2026, subject to customary closing conditions including approval by the stockholders of the company and Goldgroup and approval by the Mexican National Antitrust Commission. Upon closing, the board of directors of Goldgroup will be comprised of three directors selected by Goldgroup and two directors selected by the company. The parties anticipate that the executive management team of the company will become the officers of the combined company.
Gold Resource Reports Significant Q4 Production Improvement with $25M Year-End Balance Sheet
Gold Resource announced preliminary Q4 production results from its Don David Gold Mine that are a significant improvement from previous quarters and represents 45% of the FY25 production. The net result is a significantly improved year-end balance sheet of $25M and no debt. During the quarter, the Company's production profile has transitioned into more of a silver producer, accounting for about 80% of its revenue, including a record sale of 663,503 ounces of silver, 1,785 ounces of gold and a total gold equivalent, or AuEq, ounces of 10,413. For the twelve months ending December 31, 2025, the company sold 23,125 AuEq ounces. "We are extremely pleased to report a such strong finish to 2025, reflecting the successful turnaround in operations and increasing ore production from the new Three Sisters area where higher grades and improved production, combined with record high metal prices," said Allen Palmiere, President and CEO. "During the quarter, we realized an average sale price of $55 per ounce of silver and $4,234 per ounce for gold. In 2026, we expect continued leverage to the silver price with 40% of our production from the Three Sisters area. Overall, we are pleased with the mine's performance, which reflects the execution of the operational plans and new equipment we outlined a year ago. I would like to thank the entire team for their focus and execution in delivering these outstanding operational results."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.