Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces its Cerro Prieto production results for the second quarter (“Second Quarter”) ended June 30, 2016.

“Q2 2016 was a strong quarter operationally as Cerro Prieto has officially gone into commercial production,” said Keith Piggott, Chairman, President and CEO of Goldgroup, “Our all-in sustaining cash cost for the quarter was $973 per ounce. We continue to work on the opportunities to lower cash costs further to our target of $900(1) per ounce as previously forecasted in March 2016.”