Were you able to put your eyes on Monday's Nasdaq profile?
All it did was climb roughly $2.00 from Friday's close of $15.80 to Monday's high of $17.80.
That's an approx. 12% move to start the week.
Now, we're looking at this...
On September 10th, 2026, Goldgroup Mining Inc. (NYSE American: GORO)made its case for the Don David complex in Oaxaca, and the headline was that it now runs two producing underground mines.
Arista has produced since 2010. Alta Gracia restarted on February 20, 2026. Both feed the El Aguila mill, on a 55,119 hectare package along one structural corridor.
The drilling behind that footprint is heavy.
A 34,250 metre program is under way for 2026, and an August release counted 25,726 metres across 123 holes to July 31st, with as many as five underground rigs and two surface rigs working at once.
The grades did their part.
Hole 525086 on the Sadie 1 vein returned 1.92 metres of estimated true width at 13.49 grams per tonne gold and 931 grams per tonne silver.
Hole 426017 at Alta Gracia, a greenfield target outside the producing complex, cut 3.26 metres at 3.34 grams per tonne gold and 1,079 grams per tonne silver.
Chairman and interim Chief Executive Officer Javier Reyes said the aim is to "continue discovering and defining mineralization with potential to extend mine life, grow our resource base and create long-term shareholder value."
That drilling belongs to a company that looked very different two months earlier.
Gold Resource delisted from the NYSE American and Goldgroup took the GORO symbol, adding Don David and the Michigan Back Forty project to the two Sonoran assets it already held.
The combined company reports four 100% owned properties, two of them producing, and a vision of more than 250,000 ounces of gold equivalent annual output.
In September it announced a private placement upsized to $125Mn, closing around September 30th.
The Sector Backdrop
The metal has done a great deal of the work.
Gold was quoted near $4.67K per ounce in late August 2026, roughly 40% above where it stood twelve months earlier.
J.P. Morgan Global Research currently forecasts gold reaching $6K per ounce by the end of 2026 and $6.3K by the end of 2027, citing central bank demand, reserve diversification away from dollar assets and hedging against fiscal and geopolitical risk.
Prices at that level change the arithmetic for small producers in two ways: existing ounces are worth more, and previously marginal deposits move back onto the drawing board.
Goldgroup's own Back Forty assessment illustrates the point, modeling an after tax net present value of $214Mn at $1.8K per ounce gold and $556Mn at a consensus price of $3.04K.
About The Company: Goldgroup Mining Inc. (NYSE American: GORO)
The business sells gold and silver with copper, lead, and zinc credits.
Don David is an underground mine on 55,000 hectares in Oaxaca feeding a 1,800 tonne per day flotation plant, with 37,000 to 52,000 ounces of gold equivalent expected in 2026 and measured and indicated resources of 1.49Mn tonnes at 3.88 grams per tonne gold equivalent.
Cerro Prieto is an open pit heap leach in Sonora producing since 2013, with an in house 2026 estimate of 17,000 to 20,000 plus ounces.
San Francisco, acquired outright in June 2026, holds 1.23 million measured and indicated ounces and 16,875 tonnes per day of installed crushing, and the first six holes of a 26,000 metre program are in, with refurbishment and restart targeted for early 2027.
Back Forty in Michigan's Upper Peninsula carries 14.5Mn tonnes at 2.21 grams per tonne gold, 27 grams per tonne silver, 0.38% copper and 3.35% zinc, and entered a definitive feasibility study under SLR Engineering.
Behind The Scenes
Two governance items sit behind the operating news.
On July 20th, Eric Sprottreported holding 10,084,746 common shares and 3,963,063 warrants following the arrangement, roughly 7.5% of the company non diluted and 10.1% partially diluted, stating the shares are held with a long term view.
#1. There Are Several Bullish Readings On Barchart Right Now. 12 technical indicators tracked by Barchart are flashing bullish on GORO at the time of writing Monday across short, medium, and long terms including the website’s composite “Trend Seeker” indicator.
#2. First San Francisco Holes Cutting Wide, Higher Grade Intervals. GGD-179 ran 51.0 metres at 0.58 grams per tonne gold and GGD-178 16.8 metres at 4.36, with more assays due for GORO shortly.
#3. A Feasibility Study Underway On A Polymetallic Michigan Deposit. Back Forty pairs gold with silver, copper and zinc credits and carries a precious metals stream with Osisko Gold Royalties, which shapes how GORO could fund its development.
#4. A Second Underground Mine Back In Production This Year. Alta Gracia restarted in February and now feeds the same mill as Arista, giving GORO two producing mines at one complex.
#5. A Metal Price Backdrop Analysts Expect To Hold Or Climb. With J.P. Morgan Global Research forecasting $6K per ounce gold by the end of 2026, revenue per ounce at GORO is set against a supportive price outlook.
#6. A Private Placement Upsized To $125Mn In September. Demand pushed the raise up from $75Mn in six days. This will help provide GORO funding for drilling, studies, and a restart.
In Summary
Companies rarely change shape this quickly.
In roughly eight weeks Goldgroup completed a merger, took a new listing, absorbed two additional assets, changed its Chief Executive Officer and put drills on three properties at once.
The market now has a set of concrete milestones to watch rather than promises: the San Francisco technical study, the assays still to come, the Back Forty feasibility work and the September placement closing.
Mineral resources are not mineral reserves and none of the development scenarios are decisions yet.
Even so, a producer with cash, no debt and four owned properties in a record gold market is a name that earns a place on our watchlist.
We’re kicking-off coverage on Goldgroup Mining Inc. (NYSE American: GORO).
Updates will be coming soon. Stay tuned.
All the best,
Dane James
Editor Market Pulse Today
(Remember: St-ock Prices Could Be Significantly Lower Now From The Original Dates I Provided.)
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Pursuant to an agreement between Thousand Sun Media LLC and TD Media LLC, Thousand Sun Media LLC has been hired for a period beginning on 09/21/2026 and ending on 09/22/2026 to publicly disseminate information about (GORO:US) via digital communications. Under this agreement, TD Media LLC has paid Thousand Sun Media LLC seven thousand five hundred USD ("Funds"). To date, including under the previously described agreement, Thousand Sun Media LLC has been paid fifteen thousand USD ("Funds"). These Funds were part of the twenty five thousand USD funds that TD Media LLC received from a third party named Sideways Frequency LLC who did receive the Funds directly or indirectly from the Issuer and does not own st-ock in the Issuer but the reader should assume that the clients of the third party own shares in the Issuer, which they will liquidate at or near the time you receive this communication and has the potential to hurt share prices.
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NVIDIA (NASDAQ: NVDA) CEO Jensen Huang raised expectations again. At an artificial intelligence summit in Scotland, Huang said he expects NVIDIA to sell twice as many chips next year as it does this year. That is a substantial forecast for a company already producing and shipping millions of advanced processors to customers around the world.
Table of Contents
The reason, according to Huang, is simple: Artificial intelligence is becoming increasingly valuable to businesses, industries and entire economies. Companies and governments are investing heavily in the technology because they believe it can improve productivity, accelerate research and create new products and services.
For NVIDIA investors, Huang’s prediction offers another indication that the AI infrastructure boom may still have plenty of room to run.
NVIDIA recently projected revenue growth of more than 70% for the fiscal year ending in January 2028. The outlook was strong enough to push analysts’ estimates higher and reinforce Nvidia’s position at the center of the AI economy. Now, Huang’s prediction that chip volume could double adds another bullish layer to the story.
In addition, company growth is no longer dependent on a single product. Its graphics processing units, or GPUs, receive most of the attention, but the company’s opportunity is much broader.
NVIDIA Is Selling More Than GPUs
NVIDIA’s Blackwell and next-generation Rubin processors are designed to train and operate increasingly sophisticated AI systems. Last year, Huang said the company had shipped six million Blackwell GPUs in four quarters.
NVIDIA also sells central processing units, networking switches, optical-networking components and other chips needed to connect thousands of processors inside data centers. The company supplies Jetson systems for robots and autonomous machines, chips for laptops and automotive technology, and the processor used in Nintendo’s Switch 2 console.
Also, analysts say NVIDIA’s upcoming Vera Rubin platform and expanding line of CPUs and networking products could help drive shipment growth in 2027. Some industry estimates suggest the chip maker could ship approximately 70,000 to 80,000 advanced server racks during 2026, although the company has not confirmed those figures.
The Global AI Race Is Getting Bigger
Huang’s comments also highlight why he remains so optimistic: AI investment is becoming a global priority. The United States is leading much of the current spending, but it is hardly alone. Countries across Europe, Asia and the Middle East are developing domestic AI infrastructure.
That does not mean NVIDIA’s path will be perfectly smooth. Doubling shipments will require substantial manufacturing capacity, advanced memory, sophisticated packaging and electricity and data-center infrastructure. Competition from AMD, custom chips developed by major cloud providers and Chinese semiconductor companies could also intensify.
Still, the company’s recent results and outlook suggest that demand remains stronger than supply in several areas. Some Wall Street analysts have even raised the possibility that the company could eventually generate $1 trillion in annual revenue if AI spending continues expanding at its current pace.
For now, Huang sees no shortage of demand. If NVIDIA can come close to doubling its chip shipments while delivering its projected revenue growth, the company’s expansion may be far from finished. The larger question is no longer whether the world wants more AI computing power. It is whether NVDA and the rest of the technology industry can build it fast enough.
Of course, expectations this high also create risks. NVIDIA will need to secure enough manufacturing capacity, advanced memory and power infrastructure to keep pace with demand. It must also respond to growing competition from Advanced Micro Devices (NASDAQ: AMD), custom chips developed by major technology companies and emerging semiconductor manufacturers in China.
Still, NVIDIA has repeatedly demonstrated its ability to turn rising demand for computing power into substantial revenue growth. The company is no longer simply a manufacturer of high-performance graphics chips. It has become one of the most important suppliers of the hardware, networking technology and software needed to build and operate AI systems.