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Goldgroup Mining Inc. has finalized its previously announced strategic investment in Luca Mining, valued at $146 million.
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Goldgroup Mining announced additional assay results from its 26,000-meter drilling program at the San Francisco Gold Project in Sonora, Mexico, highlighting broad gold mineralization at the La Chicharra Pit.
Goldgroup Mining Inc. has been included in the Solactive Global Silver Miners Index, effective at the opening of trading on November 2, 2026.
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Goldgroup Mining fell nearly 4% on Friday as precious metals declined amid growing speculation of a U.S. Federal Reserve interest rate hike. Fed Chair Kevin Warsh's Jackson Hole speech suggested the central bank may need to do more work to combat inflation, signaling potential rate increases. Higher interest rates make yield-bearing assets like bonds more attractive compared to non-yielding precious metals, pressuring gold and silver mining stocks.