Corruption in Canadian Organizations ‘Disturbingly High’

Canadian Mining

TORONTO (miningweekly.com) – One in five Canadian executives believe that bribery and corrupt practices happen widely in the country, advisory firm Ernst & Young’s (EY’s) latest ‘Global Fraud Survey’ had found.

“That’s disturbingly high,” EY partner and Canadian fraud investigation and dispute services leader Mike Savage said.

He noted that corruption interfered with fair competition for business, and to overcome that, companies need to create a culture where ethical behaviour is at the core of their operations – not just at home in Canada, but also at their overseas operations… Read Full Article

Helping Canadian Mining Companies Destroy the Earth

Crimes Against Humanity

No matter how much Canadians wish we were simply known for hockey or our comedians, the mining industry increasingly represents Canada abroad. With nearly 60 percent of the world’s mining companies listed on this country’s stock exchanges, Canadian corporations operate thousands of projects outside this country and many of these mines have displaced communities, destroyed ecosystems and provoked violence. Pick almost any country in the Global South — from Papua New Guinea to Ghana, Ecuador and the Philippines — and you will find a Canadian-run mine that has caused environmental devastation or been the scene of violent confrontations.

Click here to learn more.

Source: Harper’s Crimes Against Humanity

Commonwealth Silver and Gold Mining Inc. Announces Meeting of Securityholders to Approve Acquisition by Marlin Gold Mining Ltd.

TORONTO, ONTARIO, Apr 23, 2015 (Marketwired via COMTEX) — Commonwealth Silver and Gold Mining Inc. (“Commonwealth Silver” or the “Company”) is pleased to announce that a Special Meeting of securityholders has been called to approve the arrangement transaction with Marlin Gold Mining Ltd. (MLN) (“Marlin”) as announced on March 30, 2015. Pursuant to the arrangement, Marlin has agreed to acquire, in an all cash transaction, all of the issued and outstanding common shares (“Commonwealth Shares”) of Commonwealth Silver, through a wholly owned subsidiary, by way of a statutory Plan of Arrangement (the “Arrangement”) under the Canada Bu siness Corporations Act… Read Full Article

Are Canadian Mining Companies Getting Away with Murder?

While our lying politicians and media tell us we are fighting for democracy in Libya and Afghanistan, we find out that really, Canadian Corporations are terrorists.
This program is a shocking eye-opener.

Grahame Russell of Rights Action joins Face to Face for a 30 minute interview about the health, environmental and other heinous human rights violations caused by Canadian mining companies in Guatemala, Honduras and El Salvador — and about the impunity with which they operate.

Canada’s Marlin Gold Mining Has a Fishy History

VANCOUVER — Marlin Gold Mining (TSXV: MLN; US-OTC: MLNGF) just built a gold mine in Mexico’s Sinaloa state for US$23 million. That is intriguing, but on closer inspection, the intrigue deepens.

Consider these points. Marlin is a publicly traded company but a Connecticut-based fund called Wexford Capital owns 80% of its outstanding shares, of which there are 680 million.

Most of the shares stem from two rights offerings backstopped by Wexford that raised the capital to build the La Trinidad open-pit, heap-leach mine 42 km southeast of the town of Rosario, something the fund had to do after it failed to take Marlin private.

Now, with La Trinidad in opera­tion, Marlin has set up a subsidiary company called Sailfish and given it the right to buy a quarter of the mine’s gold at below the spot price. In contrast with most streaming deals, Sailfish paid nothing for the stream… Read Full Article

Pearce, Arizona Community in the Dark Concerning Marlin Gold Mining Ltd. of Canada

Interesting that Marlin Gold Mining Ltd. of Canada has such big plans for our community here in Pearce, Arizona – yet they haven’t bothered to meet with our community to discuss any of this.

  • How will their mining operations affect our farmers, ranchers, senior citizens, and the health and safety of our children at Pearce Elementary School (which is located right next to the mine)?
  • What negative impacts will this Canadian mining company have on our water and environment?
  • Is this just another Canadian mining investment scam at the expense of our community?
  • What about Commonwealth Silver and Gold Mining? Hall Stewart and Michael Farrant didn’t even have the decency to update our community on this matter.

          WE WANT ANSWERS.

As per Marlin Gold Mining Ltd:

March 30, 2015 – Vancouver, British Columbia — Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin”) is pleased to announce that it has entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Marlin has agreed to acquire, in an all cash transaction, all of the issued and outstanding common shares (“Commonwealth Shares”) of Commonwealth Silver and Gold Mining Inc. (“Commonwealth”), a privately held entity, through a wholly owned subsidiary, by way of a statutory Plan of Arrangement (the “Arrangement”) under the Canada Business Corporations Act…. Read Complete News Release

Morgan Stanley remains bearish on Gold for next 2 years

NEW YORK (Scrap Register): Greece’s uncertain future in the eurozone, global quantitative easing, loose monetary policies and continued demand out of Asia will all provide much needed support for the gold market, but these factors might not be enough to create another bull market, said Morgan Stanley in a snippet.

Analysts at Morgan Stanley expect prices to fall over the next two years as investors leave the marketplace… Read Full Article

Report: Any gold price rally will be sweet but short

On Monday gold for delivery in June – the most active futures contract – drifted further below the psychologically important $1,200 an ounce level, briefly falling to levels last seen at the beginning of the year.

On the Comex division of the New York Mercantile Exchange, gold touched an intraday low of $1,183.70 an ounce before recovering to above $1,190 during late afternoon trade, a two week low… Read Full Article

Commonwealth Silver Being Acquired by Another Canadian Junior Mining Company

Commonwealth Silver and Gold Mining Inc. To Be Acquired By Marlin Gold Mining Ltd. in $11.3 Million Deal

Toronto, Ontario (March 30, 2015) – Commonwealth Silver and Gold Mining Inc.
(“Commonwealth Silver” or the “Company”) is pleased to announce that the Company has entered into a definitive agreement (the “Arrangement Agreement”) with Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin”) pursuant to which Marlin has agreed to acquire, in an all cash transaction, all of the issued and outstanding common shares (“Commonwealth Shares”) of Commonwealth Silver, through a wholly owned subsidiary, by way of a statutory Plan of Arrangement (the “Arrangement”) under the Canada Business Corporations Ac… Read Complete Press Release

BNP: Gold price will average in triple digits next year

On Thursday gold for delivery in April managed to eke out a slight gain to close at $1,151.90, up $1.30 from a four-month low hit yesterday.

That gold has managed to stay above the crucial $1,150 an ounce support level is a relief to gold bulls. The metal closed below this level early November, but soon bounced back… Read Full Article