Goldgroup Mining to Acquire Gold Resource in a $372 Million Stock Deal

Gold Resource Corporation (GORO) entered a merger agreement on January 26, 2026, to be acquired by Goldgroup Mining Inc. (GGAZF) in an all-stock deal valued at $372 million.

Deal Structure:

Gold Resource’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 before closing).

The exchange ratio represents a value of $2.25 per share, at a premium of 39.75% from the stock’s last close.

Company Profile:

Gold Resource is a gold and silver producer and explorer with operations in Mexico and the United States, focused on the Don David Gold Mine in Oaxaca and the development of the Back Forty Project in Michigan.

Goldgroup is a Canadian mining company with gold operations in Mexico, owning the producing Cerro Prieto gold mine and the San Francisco gold project, both located in the state of Sonora.

Deal Details and Timeline:

Gold Resource will merge with a wholly owned subsidiary of Goldgroup, with Gold Resource surviving as a wholly owned subsidiary of Goldgroup.

Gold Resource shareholders are expected to own about 40% of the combined company.

The deal is expected to close in the second quarter of 2026.

The board of Goldgroup will consist of three directors appointed by Goldgroup and two directors appointed by Gold Resource, and the executive management team of Gold Resource is expected to serve as the officers of the combined company.

Gold Resource was advised by Cormark Securities on financial matters and by Davis Graham & Stubbs, Cassels Brock & Blackwell, and Sánchez Mejorada, Velasco y Ribé, S.C. on legal matters.

Deal Metrics:

For more information about this M&A transaction, please visit the Deal Metrics page here:
Deal Metrics for the acquisition of Gold Resource Corporation (GORO) by Goldgroup Mining Inc. (GGAZF)

The Deal Metrics page for each merger or acquisition includes:

– A spread history chart of the merger from announcement through eventual completion or failure.
– Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
– News and SEC filings.
– A history of deal updates.
– And a whole lot more.

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Editor’s Note: Baranjot Kaur contributed to this article