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New listing detected — NYSE American: GORO

Same Gold Story.
Brand-New Platform.

On July 17, 2026, Goldgroup Mining closed its merger with the operator of two producing gold mines in Mexico. Three days later the combined company began trading on NYSE American under the ticker GORO — alongside its Canadian (TSX.V) and Frankfurt (55G0) listings. The issuer reports 135,419,619 shares outstanding (issuer investor page, August 19, 2026); a screen still carrying the pre-merger count of about 292.5 million would overstate the company by more than double — and checking which count your screen shows takes ten seconds. That check is exactly why GORO belongs on the watchlist.

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The new platform, at a glance
Jul 17, 2026Merger closed
Jul 20, 2026NYSE American debut
135,419,619Shares outstanding
8.02%Eric Sprott stake (as of Sept 1, 2026)
Merger close: Form 8-K, Jul 2026 (SEC) · Share count: issuer investor page (goldgroupmining.com), Aug 19, 2026 · Sprott stake: 8.02% as disclosed as of September 1, 2026; early warning report, Jul 20, 2026 (roughly 7.5%, undiluted basis).
Tracking GORO across 3 exchanges
GORO price history
GORO interactive chart

Live, interactive price data from TradingView (AMEX:GORO) — scroll on the chart to zoom, drag to pan. Shown for information only. No support levels, price targets, or technical predictions are shown or implied. This page is paid advertising, and it shows no forecast; a chart of past and current price is not a prediction of future price. Track GORO on TradingView.

Why this new listing is on the screen

The radar readout, in 30 seconds

The reason GORO earns a spot on the watchlist is not a call on where the price goes next. It is that a real, revenue-generating gold business just appeared on United States screens under a brand-new listing — and the numbers those screens carry have not all caught up to it yet.

Here is the short version. On July 17, 2026 Goldgroup Mining closed its merger with the operator of two producing gold mines in Mexico; three days later the combined company began trading on NYSE American as GORO, next to its Canadian (TSX.V) and Frankfurt (55G0) lines. In Q1-2026 Gold Resource Corp., the pre-merger operating subsidiary that owns the Don David mine complex, was in the black (Goldgroup’s own Q2-2026 results, which do not include Gold Resource, showed a quarterly loss), there is a defined 1.23-million-ounce gold base in Sonora at a development-stage project whose restart the company is evaluating, and a well-known resource investor sits on the share register.

It is a set of readings, each traceable to a filing, and each is the kind of thing that belongs on a radar rather than in a rear-view mirror. What is in it for you is simple: a young listing, a producing base, and a share count you can verify in ten seconds before any screen misleads you.

NYSE-ALive since Jul 20, 2026
2Producing mines
1.23 MozM&I gold, San Francisco — development stage
652 ktDon David — proven & probable reserves at 1.19 g/t Au, 195.7 g/t Ag, plus M&I resources exclusive of reserves (Form 10-K, FY2025)
Cerro PrietoAlthough Cero Prieto has not published new resources since depleting its most recently published resource, it continues to mine newly defines zones outlined with drilling over the past year.
8.02%Sprott stake (as of Sept 1, 2026)
What the radar picked up

Why could GORO be interesting?

Four verifiable readings, each drawn from the company's own filings with the source right next to the number. This is a map of what the new platform actually holds — not advice, and not a forecast.

01

Two Producing Mines In Mexico

The Don David / Arista mine complex in Oaxaca and the Cerro Prieto mine in Sonora are in production today, and mining at Don David’s Alta Gracia zone restarted on February 20, 2026. This platform starts with revenue, not renderings.

Source: company news release, Aug 17, 2026 (SEC)
02

An Operator In The Black

Gold Resource Corp., the pre-merger operating subsidiary and owner of the Don David mine complex only (Cerro Prieto is not included), reported Q1-2026 revenue of US$43.9 million, net income of US$4.7 million, cash of US$31.0 million and working capital of +US$40.2 million — at realized prices of US$5,098/oz gold and US$98.09/oz silver, so the margin rides an exceptional price environment. Goldgroup itself, for the quarter before the merger closed, reported Q2-2026 gold sales of US$21.0 million, a net loss of US$6.1 million and cash of US$15.7 million at June 30, 2026; those statements do not include Gold Resource.

Source: Form 10-Q, Q1 2026 (SEC) · Goldgroup news release, Aug 31, 2026 (Q2 2026 results)
03

A Defined Gold Resource Base, Asset By Asset

San Francisco carries 1.23 million ounces of gold in measured & indicated resources (48.3 Mt @ 0.37 g/t measured plus 56.8 Mt @ 0.35 g/t indicated), with a further 178 koz inferred (17.3 Mt @ 0.32 g/t) — per an NI 43-101 report by Micon, effective April 30, 2026. Don David carries 652 kt of proven and probable mineral reserves at 1.19 g/t Au and 195.7 g/t Ag, plus measured and indicated mineral resources, exclusive of reserves, of 63 kt at 1.65 g/t Au and 245.7 g/t Ag (Arista) and 168 kt at 0.54 g/t Au and 286.1 g/t Ag (Alta Gracia), as of December 31, 2025 (Form 10-K, FY2025). Although Cero Prieto has not published new resources since depleting its most recently published resource, it continues to mine newly defines zones outlined with drilling over the past year. Back Forty is at feasibility-study stage, with indicated mineral resources of 9,360 kt at 2.41 g/t Au (open pit) and 5,137 kt at 1.86 g/t Au (underground) and inferred mineral resources of 566 kt at 2.70 g/t Au (open pit) and 627 kt at 2.00 g/t Au (underground), as of Dec 31, 2025 (Form 10-K, FY2025). Each category is quoted on its own and none are added together; mineral resources are not mineral reserves.

Sources: NI 43-101 technical report (SEC ex-99.1); corporate presentation, September 2026 (slide 8)
04

An Anchor With A Familiar Name

Eric Sprott has disclosed a stake of 8.02% as of September 1, 2026; his early warning report dated July 20, 2026 had disclosed roughly 7.5% on an undiluted basis. An anchor holder is a data point about conviction at his price — it says nothing about yours.

Sources: Sprott stake as disclosed as of September 1, 2026; early warning report, Jul 20, 2026 (Canadian securities filing)

Put the new GORO on your watchlist.

A brand-new NYSE American listing, a restart under evaluation in Sonora, and screens full of stale pre-merger data. Our free email briefing follows the filings — sources linked, zero hype about what a price "should" do.

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Inside the numbers

Why do the data screens still disagree?

A merger resets a company's arithmetic overnight. The data feeds that power quote pages and screeners update on their own schedules — and in the weeks after a corporate merger, that lag can quietly distort every derived number you see.

A Merger Made A New Platform

The transaction closed on July 17, 2026 (Form 8-K, SEC). Since July 20 the combined company has traded on NYSE American under GORO, alongside its TSX.V and Frankfurt (55G0) listings — one gold group where two separate pre-merger share structures used to be.

What the platform holds: two producing mines, one in Oaxaca, the other in Sonora, plus the San Francisco mine in Sonora under evaluation for restart, and the 100%-owned Back Forty project in Michigan as development-stage optionality, with a feasibility study under way; more detail is in the company’s filings: More info ↗.

135,419,619 — The Number Worth Checking

135,419,619 — that is the share count on the issuer's own investor page as of August 19, 2026. Before the consolidation the count stood near 292.5 million, so any screen still carrying pre-merger data would overstate the company by roughly 2.2 times at any given price. No villain in that — feeds take time after corporate actions — but the arithmetic is unforgiving, and it is checkable in seconds.

Run the division: a screen carrying ~292.5 million shares overstates the denominator by roughly 2.2x, so any market-cap figure, per-share metric or valuation ratio built on it is off by the same factor. When screens disagree, the tie-breaker is never the screen — it is the issuer's page at goldgroupmining.com and its filings with regulators.

Four assets, one number each

What the new platform actually holds

One merged company, four assets in Oaxaca, Sonora and Michigan, each at a different stage. Here they are with a single hard number apiece — the figure that tells you what the asset is, taken from the company's own filings.

ProducingOaxaca, Mexico

Don David — Arista

1,800 t/day

The underground mine with flotation recovery plant that generate the group's most significant revenue today, alongside a 300 t/day leach circuit; mining at the adjoining Alta Gracia zone restarted on February 20, 2026.

Reserves and resources: 652 kt of proven and probable mineral reserves at 1.19 g/t Au and 195.7 g/t Ag, plus measured and indicated mineral resources, exclusive of reserves, of 63 kt at 1.65 g/t Au and 245.7 g/t Ag (Arista) and 168 kt at 0.54 g/t Au and 286.1 g/t Ag (Alta Gracia), as of December 31, 2025 (Form 10-K, FY2025). Mineral resources are not mineral reserves.

Sources: Form 10-K FY2025 (SEC); corporate presentation, September 2026 (slide 8)
ProducingSonora, Mexico

Cerro Prieto

4,200–4,500 t/day

An open-pit, heap-leach operation running since 2013 — the platform's second producing source of ounces.

Although Cero Prieto has not published new resources since depleting its most recently published resource, it continues to mine newly defines zones outlined with drilling over the past year.

Sources: company project disclosure; corporate presentation, September 2026 (slide 8)
DevelopmentSonora, Mexico

San Francisco

1.23 Moz

Measured & indicated gold resource, per an NI 43-101 report effective April 30, 2026, plus 178 koz inferred. A 26,053-metre drill program is under way, slated to finish in Q4-2026, and a contract is signed, with work under way, to re-commission the plant; the company has pointed to a potential restart window between late 2026 and Q1-2027 — a window, not a date, for a restart the company says it is still evaluating. An exceptionally low capital to put a significant gold mine into potential production.

Source: NI 43-101 technical report (SEC ex-99.1)
Development · feasibility study under wayMichigan, United States

Back Forty

Since May 2026

A 100%-owned, gold-rich volcanogenic massive sulphide (VMS) project in Michigan's Upper Peninsula: a development-stage project with substantial resources; however, with the lack of a published feasibility study, it carries no mineral reserves and does not yet hold its construction and operating permits. A feasibility study has been commissioned and is under way (since May 2026, with no completion date published). It is optionality, not in production. Back Forty hosts indicated mineral resources of 9,360 kt at 2.41 g/t Au, 28.1 g/t Ag, 0.36% Cu and 3.74% Zn (open pit) and 5,137 kt at 1.86 g/t Au, 24.1 g/t Ag, 0.41% Cu and 2.65% Zn (underground), and inferred mineral resources of 566 kt at 2.70 g/t Au, 48.8 g/t Ag, 0.35% Cu and 1.31% Zn (open pit) and 627 kt at 2.00 g/t Au, 26.1 g/t Ag, 0.37% Cu and 2.89% Zn (underground), as of December 31, 2025 (Form 10-K, FY2025). No measured resources or mineral reserves have been established; mineral resources are not mineral reserves. More detail is in the company’s filings.

Sources: Form 10-Q Q1 2026 (SEC); Form 10-K FY2025 (SEC).
The band the radar sits in

The metal — and why a small producer amplifies it

Every figure on this page sits against one backdrop: the price of gold and silver.

Precious-metal prices have been at historically high levels. In Q1-2026 Gold Resource Corp., the pre-merger operating subsidiary that owns the Don David mine complex, realised US$5,098 per gold ounce and US$98.09 per silver ounce (Form 10-Q); Goldgroup’s own Cerro Prieto operation realised US$4,429 per gold ounce in Q2-2026 (Q2 2026 MD&A). Those are prices actually received, not a projection.

Here is the leverage, plainly: a small producer sells few ounces, so a change in the metal price moves its results far more than it would at a larger producer — in both directions. That is the appeal, and the risk. This page takes no view on where the metal price goes next.

The other side of the ledger: the lever cuts both ways. The same thin base of ounces that lets a high metal price land almost undiluted on the result would let a weaker gold or silver price compress it just as quickly. The quarter was carried by the prices the operator received, not by anything it changed on the ground, and this page takes no view on where those prices go next.

$5,098Realised gold per oz, Q1-26
$98.09Realised silver per oz, Q1-26
8,749AuEq oz sold, Q1-26
Source: Form 10-Q, Q1 2026 (SEC). Figures belong to Gold Resource Corp., the pre-merger operating subsidiary and owner of the Don David mine complex only, and predate the merger. Goldgroup’s Q2-2026 figures: news release, Aug 31, 2026; MD&A, Jun 30, 2026.
Why GORO stays on the radar

The case, warm but honest

Put the readings together and the shape of the bull case is easy to see.

  • It starts with revenue. Two mines are producing in Mexico today, and Gold Resource Corp., the pre-merger operating subsidiary for the Don David mine complex, reported a profitable Q1-2026 (Goldgroup’s own Q2-2026, before the merger, showed a loss) — an uncommon starting point for a company this size arriving on a first United States listing.
  • There is a defined ounce base to grow into. San Francisco holds 1.23 million ounces of measured & indicated gold in Sonora, with a drill programme under way, a plant-commissioning contract signed and the restart itself still under evaluation.
  • The drills are turning. The group put 25,726 metres into 123 holes at Don David in seven months; From the company more than 50,000 metres are committed across its properties this year.
  • A recognisable name is anchored in. Eric Sprott has disclosed 8.02% as of September 1, 2026 (roughly 7.5% undiluted in his July 20, 2026 early warning report) — a data point about one investor's conviction at his price, not about yours.
The radar queue

What could move this story next?

Three markers on the calendar for the new platform .

▸The San Francisco restart window

A 26,053-meter drill program at San Francisco is slated to finish in Q4-2026, and a contract has been signed, with work under way, to re-commission the plant. The company has pointed to a potential restart window between late 2026 and Q1-2027 — a window, not a date, because the company itself has given two markers and describes the restart as still under evaluation.

Source: company news release, Aug 14, 2026 (SEC ex-99.3)

▸A 50,000-meter drilling year

In seven months the group drilled 25,726 meters across 123 holes at Don David, and From the company more than 50,000 meters are committed this year across its properties. Note the standard caution: drill intercepts are not mineral resources.

Source: Form 6-K, Aug 20, 2026 (SEC)

▸First results from the combined platform

With the merger closed on July 17, 2026, the coming reporting cycles are the first to show the group as one company. From the company a stated target of 40–60k oz AuEq per year from a restarted San Francisco, an aspiration of roughly 100k oz within 12 months. For scale: FY2025 sales by Gold Resource Corp., the pre-merger operating subsidiary, were 23,125 AuEq oz — those targets are multiples of the current base, and no formal guidance has been published.

Source: Form 8-K (SEC); targets and aspirations are company statements.

The asset base is real: two mines producing gold and silver today, a restart under evaluation in Sonora, a development project in Michigan, and a brand-new NYSE American listing — with every figure on this page carried straight to its filing. That is what a watchlist is for: watch it, read the filings, and decide with your own adviser. The important information below is part of the same record.

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18 · Important information — technical & forward-looking

Scientific and technical information regarding the subject company is that of the company and its Qualified Persons under National Instrument 43-101 (“NI 43-101”), as set out in the company's technical reports (including reports on its Don David, Cerro Prieto, San Francisco and Back Forty projects) filed on SEDAR+. Readers are encouraged to read each technical report in its entirety, including all qualifications, assumptions, exclusions and risk factors; each report is intended to be read as a whole and sections should not be relied on out of context.

The company states that the technical aspects of its September 2026 corporate presentation were reviewed and approved by Craig Gibson of Goldgroup Mining Inc., a Qualified Person under NI 43-101. The estimates it publishes rest on: the San Francisco NI 43-101 technical report dated May 1, 2026 with an effective date of April 30, 2026, prepared by Micon International Limited; the Cerro Prieto technical report with an effective date of April 4, 2025, prepared by Rodrigo R. Carneiro, José A. Olmedo and Cristian Garcia; the Don David S-K 1300 technical report as at December 31, 2025.

On the production figures quoted anywhere on this page. The company labels a portion of them in-house estimates (San Francisco, and the heap-leach and expansion programmes at Cerro Prieto) and others based on historic data. San Francisco does not have demonstrated mineral reserves and its production rates are conceptual only; the company states expressly that its potential production is too early to be considered official guidance, and that the group targets assume a positive decision on and execution of the restart. Stated mine lives are conceptual, rest on existing mineral resource estimates that may not have demonstrated economic viability, and assume an inferred-conversion rate; there is no guarantee that resources can be converted into economical reserves.

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Figures on this page are as of September 2, 2026. This page carries no live quote and no price target. For a current price use your broker or the exchange, and note the security trades in more than one currency on more than one exchange.

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