Marlin Gold Mining and 60,000 ounces of Gold

- Machinery - Jan 04, 2017

Marlin Gold Mining, the gold and silver mining company with operations in Sinaloa, Mexico and Arizona, has announced that the company has stacked just under 60,000 ounces of gold since September 2016 – 18,431 coming from December alone.

In the announcement, the company also stated that Gold shipments in December reached a new monthly record at 9,924 ounces, with a similar amount expected to be shipped this January.

What do we know about Marlin Gold Mining?

Marlin Gold Mining is a publicly traded gold and silver mining company with properties located in Sinaloa, Mexico and Arizona.

In Mexico, Marlin Gold has built three open-pit heap leach mines since 2011. The three mines include the Santa Elena, El Gallo and La Trinidad.

The La Trinidad Gold Mine, wholly owned by Marlin Gold Mining, is located in Sinaloa Mexico. The mine was previously mined by Eldorado Gold Corp from 1996-98. Following a preliminary economic assessment, negotiating surface rights and receiving environmental permits, Marlin completed construction and declared commercial production at La Trinidad in November 2014.

Marlin Gold owns the Commonwealth Silver and Gold District, which hosts a development project called the “Commonwealth Project” located in the Pearce mining district in South-eastern Arizona.

Production at the Commonwealth Mine began as far back as 1985, with commercial scale mining ending in 1920’s before small scale mining continued through 1942. It is said that during this time, the Commonwealth Mine produced around 12 million ounces of silver and 138,000 ounces of gold.

Such a number makes it Arizona’s second largest history primary silver producer.

Marlin Gold acquired the project in May 2015.

The company also has a number of streaming agreements. An example of such, through its wholly-owned subsidiary Sailfish Royalty Corp, is the San-Albino Gold stream. Located close to Managua, the capital of Nicaragua.

Marlin Gold is helmed by a Mr. Akiba Leisman, Executive Chairman of the Board and Interim CEO. Mr Leisman is also a consultant for Wexford Capital LP, where he oversees the precious metal public and private equity portfolios, which includes the investment in Marlin Gold Mining. He has been a Senior Analyst at Red Kit Capital Management for the Mine Finance Funds, and has an MBA from New York University, and a B.S. in Chemical Engineering from Carnegie Mellon University.

 

The January 2017 issue of Mining Global is live!

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Get in touch with our editor Dale Benton at dale.benton@bizclikmedia.com

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