Goldgroup Mining Q2 Loss Narrows; Appoints Javier Reyes as CEO

MT newswire2026/09/01 12:22

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08:22 AM EDT, 09/01/2026 (MT Newswires) -- Goldgroup Mining (GORO.V, GORO) reported second quarter loss per share of $0.02 late Monday, compared with $0.68, a year earlier. Revenue increased to $21.1 million in the three months ended June 30, 2026, compared with $5.4 million, a year-ago. The company also appointed Javier Reyes, who had been serving as its interim chief executive, as Goldgroup's permanent CEO. U.S.-listed shares of the company were last seen down 0.8% at $3.69 in pre-market trading.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41