Marlin Gold Mining and 60,000 ounces of Gold
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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Coal India Secures First-Of-Its-Kind Digital Deal
Coal India Limited (CIL) has appointed Accenture Solutions to digitally transform seven of its open-cast mines as the company strives to improve performance and increase coal production. Accenture is due to lay down digitalisation groundwork until March 2022.
The deal aims to increase coal production by 100 million tonnes (MT) by the end of FY’23. Once the minimum quantity has been surpassed, an agreed sum will be paid to the consultant for every additional sum of coal produced. This success fee will only be paid on the procurement of the minimum assured quantity.
The move will see heavy earth moving machinery (HEMM) fitted with digital sensors to monitor performance efficiency at all levels. Additionally, modern data analytic techniques aim to increase mine productivity and project monitoring through functional system management and effective observation.
An Exciting Venture For Global Mining
CIL, which aims to provide energy security in an environmentally and socially sustainable manner, hopes the move will help transform the entire business of mining operations and ensure higher volumes of coal are acquired at a lower cost.
“This is a first of its kind initiative by the company utilising digitalisation to ramp up coal output,” CIL has said.
A Digital Step Towards Enhanced Performance
Digitalisation is expected to take place at open-cast mines in Kusmunda, Gevra, Dipka of Southern Eastern Coalfields (SECL), Migahi, Jayant, Dudhichua, and Khadia of Northern Coalfields (NCL). Nearly 32% (188 MT) of CIL’s 596 MT output in FY’21 was accounted for by the seven selected mines. However, this new deal is set to see a large increase following the subsequent digital changes due to be made.
“Learning from the outcome and success of this model, we may replicate it in our other large mines,” says CIL, optimistic about the future following the modernisation of their mining.
It is expected that the move will help address roadblocks and guarantee corrective measures are put into place, ensuring the company is able to move forward with its aim of increasing output whilst remaining sustainable and eco-friendly.