Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 23, 2015 12:20 AM ET

Metals and Mining

Company Overview of Marlin Gold Mining Ltd.

Company Overview

Marlin Gold Mining Ltd. acquires, explores, and develops mineral properties in Mexico. The company primarily explores for gold and silver. Its principal property includes the La Trinidad project that consists of six contiguous mineral concessions totaling an area of 61,602.26 hectares located in the state of Sinaloa, Mexico. The company was formerly known as Oro Mining Ltd. and changed its name to Marlin Gold Mining Ltd. in November 2012. Marlin Gold Mining Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada.

1199 West Hastings Street

Suite 250

Vancouver, BC V6E 3T5

Canada

Founded in 2000

Phone:

604-646-1580

Fax:

604-642-2411

Key Executives for Marlin Gold Mining Ltd.

Chief Executive Officer and Director
Age: 64
Total Annual Compensation: $251.3K
Vice President of Operations
Age: 50
Total Annual Compensation: $234.1K
Compensation as of Fiscal Year 2013.

Marlin Gold Mining Ltd. Key Developments

Marlin Gold Mining Ltd. Provides Update on Operations

Marlin Gold Mining Ltd. announced that based on positive exploration and trenching results, Marlin has started to advance the San Carlos satellite target approximately 3 km north from its primary Taunus pit within the La Trinidad project in Sinaloa, Mexico. The San Carlos area is included in the existing 699 hectare exploitation permit within 118,518 hectare land package encompassing La Trinidad. If exploration results are supportive of a production decision, it can be in a position to begin mining this area within four months. The mineralization outcrops on surface, and management has begun to develop a block model which will be the basis for an optimized pit design. An access road to the target was completed earlier this month, and a drill rig is on its way to site to help define tonnage and grade of the target. The mineralization at San Carlos is related to a structurally controlled, highly fractured zone containing disseminated pyrite, which contains patches of silicification and near surface oxidation. Oxidized material may be amenable to heap leaching using current infrastructure at La Trinidad. The mineralized units are in dacite and fine black magnetic andesite, with the latter containing more than 95% of the known mineralization. After several encouraging trench and surface rock analysis results, Eldorado Gold drill tested this zone in the mid 1990's. The best drillh ole intersections reported by Eldorado were: Marlin Gold, with the help of Resource Geosciences de Mexico, completed a trenching program to cut in a perpendicular way the mineralized trend identified by the combination of the historical drilling results and surface rock sampling. A total of 175 trench samples within six trenches were collected and sent to Inspectorate Laboratories for analysis. Four trenches showed favorable results, while it was not possible to reach the mineralized unit in the remaining two trenches (SCC01 and SCC02) because of the thickness of the cover unit. Marlin's original strategy was to develop the San Carlos target towards the end of the delineated mine life of Taunus. Because of the relatively low grade and high strip nature of its mine between the upper (Eldorado) and lower (HS) zones of the company Taunus deposit, Management now believes that further advancing San Carlos based on these successful exploration results could lead to a positive production decision which may improve the economics of the project during this transitional period. To make sure that the development of the high grade and low strip HS Zone at the primary Taunus pit is uninterrupted, the company optimized its mine further, with expectations of reaching the HS Zone earlier in second quarter of 2016. In order to accelerate the San Carlos project and to complete the optimization work at Taunus, it has engaged Sonoran Resources, LLC, led by Jesse Munoz, for a period of four months to complete these two critical projects. Mr. Munoz has direct historical experience at La Trinidad with both the Taunus pit development and the San Carlos exploration program, having worked at Eldorado as Manager of New Project Development when La Trinidad was originally mined.

Marlin Gold Mining Ltd. Auditor Raises 'Going Concern' Doubt

Marlin Gold Mining Ltd. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Marlin Gold Mining Ltd Announces Board Changes

Marlin Gold Mining Ltd. announced the appointment of John Pontius to the Board. Mr. Pontius is Divisional President of Mammoth Energy Partners LP overseeing their remote accommodation business and during 2013-2014 he also oversaw a frac-sand mining business for Mammoth, which is owned by the controlling shareholder of Marlin. The new board members will replace Ms. Cecile Munoz and Mr. Cesar Gonzalez (who continues to serve as VP, Corporate Development of Marlin) with immediate effect.

Similar Private Companies By Industry

Company Name Region
Remtec Inc. Americas
Central Uranium Corporation Americas
D. J. Drilling (2004) Ltd Americas
Getz Enterprises Ltd. Americas
Ungava Mines, Inc. Americas

Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 30, 2015
--
Merger/Acquisition
February 23, 2015
Commonwealth Silver and Gold Mining Inc.
Private Placement
May 27, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Marlin Gold Mining Ltd., please visit www.marlingold.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.