Last C$0.64 CAD
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marlin gold mining ltd (MLN) Snapshot

Open
C$0.65
Previous Close
C$0.64
Day High
C$0.74
Day Low
C$0.64
52 Week High
03/4/14 - C$1.70
52 Week Low
12/22/14 - C$0.38
Market Cap
48.5M
Average Volume 10 Days
3.7K
EPS TTM
C$-0.02
Shares Outstanding
75.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for MARLIN GOLD MINING LTD (MLN)

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marlin gold mining ltd (MLN) Details

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.

Founded in 2000

marlin gold mining ltd (MLN) Top Compensated Officers

Chief Executive Officer, Chief Operating Offi...
Total Annual Compensation: C$251.3K
Vice President of Operations
Total Annual Compensation: C$234.1K
Compensation as of Fiscal Year 2013.

marlin gold mining ltd (MLN) Key Developments

Marlin Gold Mining Ltd. Announces Beginning of Commercial Production at La Trinidad

Marlin Gold Mining Ltd. announced the beginning of commercial production at La Trinidad. The company has spent the last five months working through weather related start-up issues, and expects operations to continue to ramp up and now entered the dry season. Approximately 1,500 millimeters of rain have fallen on property since the start of the rainy season, which is more than double the normal rain accumulation for this time of year. Prior to the rainy season, the company left the historical Taunus pit flooded to use for process water while it constructed the permanent facilities which are now complete. The additional rain water exceeded in-pit pumping capacity which impeded access to the lower mining levels, so most of recent development work consisted of ramp development on the west side of the pit. In September the company hired a local high volume pumping contractor out of Mazatlán, and pit is now fully dewatered. Additionally, management has started constructing water course diversions for some of the local arroyos to avoid water infiltration to the pit during next year's rainy season at minimal cost. Consumable costs were higher than budget because of the rain, although they are now tracking closer to budget as the rains have subsided. Despite these challenges, the company was able to ship over 1,000 troy ounces of gold in September with an additional 1,600 troy ounces through November 3rd. The crusher have been averaging approximately 3,200 tonnes per day, delivering a specified sub 3/8th inch product to the leach pad, and continue to debottleneck the crushing unit which is now focused on the tertiary crusher. A second tertiary crushing unit is now at site, which the company is renting for approximately $15,000 per month, and expects to be operating at significantly higher than 4,000 tonnes per day capacity by the end of the year. To date, approximately 7.2 million tonnes of material have been moved from the pit, with most of that material being pre-strip waste. The expanded Taunus pit began at 124 meters above sea level, and it is now mining the 94 meter level using six meter benches. The bottom of the historical Taunus pit is at the 88 meter level, which contains the resource left over by Eldorado. The company expects to begin mining the 88 level by December, although extensions of the Eldorado zone are currently being mined which have been providing a relatively continuous source of material for the crusher.

Marlin Gold Mining Seeks To Sell Assets

Marlin Gold Mining Ltd. (TSXV:MLN) intends a potential asset sale, Marlin Chief Executive Officer John Brownlie said.

Marlin Gold Mining Ltd. Receives Permits on Second Project

Marlin Gold Mining Ltd. announced that it has received Mexican federal government approval of its Environmental Impact Statement (MIA) at the El Compas project in Zacatecas, Mexico. The MIA was approved on September 2, 2014. The state-level change of land use permit (CUS) from the State of Zacatecas was issued in 2013. In addition to Marlin's La Trinidad mine, El Compas is now the second project Marlin has permitted in Mexico over the last two years. The El Compas property consists of approximately 2,740 hectares of land in the heart of one of the world's most prolific silver mining districts which has yielded nearly 750 million ounces of cumulative silver production. The property abuts Capstone Mining Corp.'s Cozamin mine and is directly south of Mag Silver Corp. and Fresnillo PLC's Juanicipio Joint Venture.

 

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