Marlin’s Commonwealth Silver and Gold Operations Headquarters in Pearce, Arizona
Is Marlin Gold Mining Ltd’s (TSXV:MLN) Balance Sheet A Threat To Its Future?
Marlin Gold Mining Ltd (TSXV:MLN) is a small-cap-stock with a market capitalization of USD $88 Million. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. There are always disruptions which destabilize and many a times end an existing industry, and most small-cap companies are the first casualties when such a wave hits.
Apart from geopolitical events such as political unrest and natural calamities, a company which is suddenly facing a hostile market environment must be able to fulfill short-term commitments with its reserves so that it can see another day… Read Full Article
Investors can’t resist the lure of striking it rich and that mentality is a goldmine for scammers. Preying on investors’ fever for treasure they make money on worthless gold, oil, diamond and iron ore claims. Modern technology makes it easier for investors to guard against being cheated – but it still happens every day.
The colorful vocabulary of mining investment fraud – pump and dump, boiler rooms, stooges – has been associated with fleecing investors at least since the creation of the modern stock market. Frauds themselves have been around as long as people have been digging holes in the ground… Read Full Article
Gold is suffering as a strong US GDP data rekindles Fed rate hike speculation. Last week, gold prices rallied for a second consecutive week with the metal up more than 1.56% to amid continued weakness in the Greenback, owing to increasing hesitancy over the so-called ‘Trump trade’ — the DXY was down 0.70% in the week, leaving gold virtually unchanged for the month of March… Read Full Article
From Bloomberg.com – Commonwealth Silver and Gold Mining Inc. focuses on acquiring and developing gold and silver properties in Cochise County, Arizona. The company controls approximately 3,900 acres of mineral rights. Its principal project consists of an option to acquire and direct ownership of an aggregate 98% interest in the historic Commonwealth mine and surrounding mining claims located approximately to the southeast of Tucson, Arizona. Commonwealth Silver and Gold Mining Inc. was incorporated in 2010 and is headquartered in Toronto, Canada. Marlin Gold Mining USA Ltd. was formerly known as Commonwealth Silver and Gold Mining Inc. As a result of the acquisition of Commonwealth Silver and Gold Mining Inc. by Marlin Gold Mining Ltd., Commonwealth Silver and Gold Mining Inc”s name was changed. As of May 21, 2015, Marlin Gold Mining USA Ltd. operates as a subsidiary of Marlin Gold Mining Ltd. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=182786185
Trump’s EPA and Congress are trying to revive a plan that would allow a Canadian mining company to open a toxic gold mine that would destroy the largest sockeye salmon run in the world, and kill 14,000 Alaskan fishery jobs.
Tell the EPA and Congress to protect Alaskan fisheries by restricting mine waste disposal from Pebble via the 404(c) authority under the Clean Water Act and drop the legislation (h.r. 1179) to eliminate the EPA’s authority under 404(c).
It appears that Commonwealth Silver and Gold Mining Inc. of Canada, is trying to hide their true identity from the local community of Pearce / Sunsites, Arizona by using a new company name of Marlin Gold Mining USA Ltd. Note that it’s the same Commonwealth folks who are now running Marlin Gold.
Calling all residents of the Pearce-Sunsites, Arizona area:
If you don’t believe that Marlin Gold Mining, LTD is destroying our local economy and depressing our real estate values, take the following email sent to us into consideration… Seriously, who wants to buy a home or open a business next to a potential environmental hazard? The answer is NO ONE. As Hall Stewart from Commonwealth Silver and Gold Mining told our community, “I didn’t buy my house next to a mine”. Give his statement some thought.
When is Marlin Gold Mining, LTD going to openly face our community and address our concerns? Apparently the answer is NEVER. It’s time to unite together and ask for answers from Marlin Gold Mining, who proposes developing an open pit, cyanide leach, silver and gold mine right next to our children’s elementary school.
A mining company is buying up nearby land to proceed with its construction of a gold and silver mine in the Pearce-Sunsites area.
The Commonwealth Mine Gold and Silver Project was acquired May 2015 by Marlin Gold Mining, LTD, a publicly-traded mining company with projects in Mexico and Cochise County.
Marlin Gold announced last month it had entered into “a series of agreements with various landowners” to acquire the surface and mineral rights of about 3,400 acres surrounding its patented mining claims of Pearce Hill, said Marlin Chairman and CEO Akiba Leisman… Read Full Article
Toronto-based mining giant, Barrick Gold, spilled cyanide solution into five Argentina rivers shortly after firing an engineer who raised serious safety concerns about the mining operation responsible for the contamination.
Court documents obtained by National Observer allege that Barrick, the largest gold producer in the world, abruptly dismissed senior engineer Raman Autar in 2014 to “escape publication” of critical health, safety and environmental violations he found at the Veladero mine, one of the world’s largest gold mines… Read Full Article
Bottom Line: If you can’t trust a major Canadian mining company such as Barrick Gold; how can you trust a penny stock junior mining company?