Goldgroup Mining Added to Solactive Global Silver Miners Index
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 Reports New Assay Results from San Francisco Gold Project
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.
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Why Goldgroup Mining Tumbled Today
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.
Shares of precious metal-related companies are trading higher amid rising gold prices after July's payroll data, which signaled economic cooling, weighed on yields and dollar strength. A UBS note suggested that gold prices will climb to $5,000 per ounce in H1 2027.