Fresh Capital And A New Eric Sprott Position Put (NYSE American: GORO) On Our Watchlist

At the end of June, the two companies that

Any content you receive is for information purposes only. Always conduct your own research. *Disseminated on behalf of Goldgroup Mining Inc. Fresh Capital And A New Eric Sprott Position Put (NYSE American: GORO) On Our Watchlist *Get Our Updates Faster—Tap Here To Receive SMS Alerts* October 6th Greetings, Friend! At the end of June, the two companies that now make up Goldgroup Mining Inc. (NYSE American: GORO) held about $59Mn in combined pro forma cash with no material debt. Three months later, the company reports roughly $166Mn. Most of the difference arrived on September 25th, when Goldgroup closed a non brokered private placement of 33,382,326 units at $3.65 for gross proceeds of $121.8Mn, more than 60% above its original $75Mn target and the largest financing in its history. Each unit carries half a warrant exercisable at $5.10 until March 25th, 2028. One familiar name came back for more. On September 28th, Eric Sprott disclosed that a corporation he beneficially owns bought 994,300 units in the placement, lifting him to 12,154,046 shares and 4,460,213 warrants. With the larger share count, that works out to about 7.2% of the company on a non diluted basis, and Sprott describes the position as held for in-vest-ment with a long term view. A large share of that cash already has a destination. On September 28th, Goldgroup committed $75Mn to Luca Mining Corp.'s $110Mn subscription receipt offering, which aims to help fund Luca's $290Mn upfront purchase of the Cozamin copper silver mine in Zacatecas from Capstone Copper. If both transactions close, Goldgroup expects to hold about 19.9% of Luca, gain the right to nominate two Luca directors and keep roughly $91Mn in cash, before transaction costs and other committed uses. That balance sheet belongs to a company that looked very different three months earlier. Goldgroup and Gold Resource Corporation closed a business combination on July 17th, 2026. Gold Resource delisted from the NYSE American and Goldgroup took the GORO symbol, adding Don David and the Michigan Back Forty project to the two Sonoran assets it already held. The combined company reports four 100% owned properties, two of them producing, and a vision of more than 250,000 ounces of gold equivalent annual output. The Sector Backdrop The metal has done a great deal of the work. Gold was quoted near $4.67K per ounce in late August 2026, roughly 40% above where it stood twelve months earlier. J.P. Morgan Global Research currently forecasts gold reaching $6K per ounce by the end of 2026 and $6.3K by the end of 2027, citing central bank demand, reserve diversification away from dollar assets and hedging against fiscal and geopolitical risk. Prices at that level change the arithmetic for small producers in two ways: existing ounces are worth more, and previously marginal deposits move back onto the drawing board. Goldgroup's own Back Forty assessment illustrates the point, modeling an after tax net present value of $214Mn at $1.8K per ounce gold and $556Mn at a consensus price of $3.04K. About The Company: Goldgroup Mining Inc. (NYSE American: GORO) The business sells gold and silver with copper, lead, and zinc credits. Don David is an underground mine on 55,000 hectares in Oaxaca feeding a 1,800 tonne per day flotation plant, with 37,000 to 52,000 ounces of gold equivalent expected in 2026 and measured and indicated resources of 1.49Mn tonnes at 3.88 grams per tonne gold equivalent. Cerro Prieto is an open pit heap leach in Sonora producing since 2013, with an in house 2026 estimate of 17,000 to 20,000 plus ounces. San Francisco, acquired outright in June 2026, holds 1.23 million measured and indicated ounces and 16,875 tonnes per day of installed crushing, and the first six holes of a 26,000 metre program are in, with refurbishment and restart targeted for early 2027. Back Forty in Michigan's Upper Peninsula carries 14.5Mn tonnes at 2.21 grams per tonne gold, 27 grams per tonne silver, 0.38% copper and 3.35% zinc, and entered a definitive feasibility study under SLR Engineering. Behind The Scenes The portfolio took its present shape on July 17th, 2026. That's when Goldgroup and Gold Resource Corporation closed a business combination that brought Don David and Back Forty under one roof. Ten days later Allen Palmiere stepped down as President and Chief Executive Officer, staying on as an advisor, with board chair Javier Reyes stepping in, an appointment made permanent on August 31st. Reyes has framed the work plainly: the objective "isn't simply to replace what we mine, but also to continue discovering and defining mineralization with potential to extend mine life, grow our resource base and create long-term shareholder value." Tracking 6 Key Potential Catalysts Backing (NYSE American: GORO) #1. There Are Several Bullish Readings On Barchart Right Now. 11 technical indicators tracked by Barchart are flashing bullish on GORO at the time of the closing bell Monday across short, medium, and long terms including the website’s composite “Trend Seeker” indicator. #2. Placement Warrants At $5.10 Could Bring In Another $85Mn. The September units carry roughly 16.7Mn warrants exercisable until March 25th, 2028, which would add about $85.1Mn to the GORO treasury if all were exercised. #3. A Feasibility Study Underway On A Polymetallic Michigan Deposit. Back Forty pairs gold with silver, copper and zinc credits and carries a precious metals stream with Osisko Gold Royalties, which shapes how GORO could fund its development. #4. A Second Underground Mine Back In Production This Year. Alta Gracia restarted in February and now feeds the same mill as Arista, giving GORO two producing mines at one complex. #5. A Seat At The Table In A $290Mn Mexican Mine Purchase. The $75Mn commitment from GORO replaces Trafigura's equity backstop for Luca Mining's Cozamin acquisition and carries the right to nominate two Luca directors while its holding stays at or above 10%. #6. Cash Of About $166Mn After The Largest Raise In Company History. The placement closed at $121.8Mn on September 25th, more than 60% above its $75Mn target, and GORO expects roughly $91Mn to remain after funding the Luca commitment. In Summary Companies rarely change shape this quickly. In roughly eight weeks Goldgroup completed a merger, took a new listing, absorbed two additional assets, changed its Chief Executive Officer and put drills on three properties at once. The market now has concrete milestones to watch rather than promises: the San Francisco technical study, the assays still to come, the Back Forty feasibility work and the potential stake in Cozamin through Luca. Mineral resources are not mineral reserves and none of the development scenarios are decisions yet. Even so, a producer with cash, no debt and four owned properties in a record gold market is a name that earns a place on our watchlist. Coverage is underway on Goldgroup Mining Inc. (NYSE American: GORO). Updates will be coming soon. Stay tuned. All the best, Dane James Editor Market Pulse Today (Remember: St-ock Prices Could Be Significantly Lower Now From The Original Dates I Provided.) *MarketPulseToday.com (“MarketPulseToday” or “MPT” ) is owned by Thousand Sun Media LLC, MPT is not responsible for its accuracy. Make sure to always do your own research and due diligence on any day and swing profile MPT brings to your attention. Any emojis used do not have a specific defined meaning, and may be used inconsistently. We do not provide personalized in-vest-ment advice, are not in-vest-ment advisors, and any profiles we mention are not suitable for all in-vest-ors. Pursuant to an agreement between Thousand Sun Media LLC and TD Media LLC, Thousand Sun Media LLC has been hired for a period beginning on 10/05/2026 and ending on 10/06/2026 to publicly disseminate information about (GORO:US) via digital communications. Under this agreement, TD Media LLC has paid Thousand Sun Media LLC seven thousand five hundred USD ("Funds"). To date, including under the previously described agreement, Thousand Sun Media LLC has been paid twenty two thousand five hundred USD ("Funds"). These Funds were part of the ninety five thousand USD funds that TD Media LLC received from a third party named Lakefront Media LLC who did receive the Funds directly or indirectly from the Issuer and does not own st-ock in the Issuer but the reader should assume that the clients of the third party own shares in the Issuer, which they will liquidate at or near the time you receive this communication and has the potential to hurt share prices. Neither Thousand Sun Media LLC, TD Media LLC and their member own shares of (GORO:US). Please see important disclosure information here: https://marketpulsetoday.com/disclosure/goro-updsd/#details

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