Goldgroup Mining Covered by Canaccord Research

Canaccord Securities released a research report for Goldgroup Mining Inc. (TSX-V: GGA and OTC Other: GGAZF) today with a SPECULATIVE BUY recommendation and target price of C$2.50 per share. The report projects production of 21,000 ounces of gold to GGA’s account in 2011, growing to 97,000 ounces in 2012 through the development of Caballo Blanco and to 137,000 ounces in 2013 through the development of San José de Gracia.

A copy of the report is available by clicking on the graphic below:

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