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
Employment figures lift case for higher interest rates, which would dent precious metal’s appeal
Gold prices extended losses on Friday after a better-than-expected jobs report dented safe-haven demand and increased concerns that the Federal Reserve could raise interest rates in the coming months.
Gold for December delivery settled down 1.7% at $1,344.40 a troy ounce on the Comex division of the New York Mercantile Exchange, its biggest one-day loss since May 24.
The U.S. economy added 255,000 jobs in July, beating economists’ expectations of 179,000 and signaling that the labor market is on strong footing… 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?
Learn more about Marlin Gold Mining Ltd at Macroaxis
Marlin Gold Company Summary
Marlin Gold competes with CASINO GUICHARD, FED NATL, TEVA PHARMA, FED NATL, and SK ENERGY. Marlin Gold Mining Ltd primarily explores for gold and silver. It primarily holds interest in the La Trinidad property which covers an area of approximately 62 000 hectares located in Sinaloa and El Compas property situated in the state of Zacatecas. Marlin Gold Mining Ltd 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 based in Vancouver Canada.
Marlin Gold Mining Ltd. (TSX VENTURE:MLN) (“Marlin”) announces that it will be offering rights (the “Rights”) to holders of its common shares (the “Common Shares”) at the close of business on the record date of April 18, 2016, on the basis of one right for each common share held (the “Rights Offering”). Each Right will entitle the holder to subscribe for 0.3752 Common Shares of Marlin upon payment of the subscription price of $0.30 per Common Share. The Rights Offering will be conducted in Canada only…
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This Valentine’s Day, tell BHP Billiton and Vale to clean up and compensate Brazilians for their toxic mine waste disaster.
Three months ago, the state of Minas Gerais in Brazil was hit with one of the country’s biggest environmental disasters: a gusher of toxic mine waste.
The disaster smothered the town of Mariana with 50 million tons of toxic sludge, turning the Rio Doce river orange and eventually spilling into the Atlantic Ocean. At least 15 people were killed.
The long-term ecological impacts of this toxic spill remain unknown. Brazil’s environment ministry estimates it will take 30 years to clean up this disaster.
This Valentine’s Day, we’re sending the mine’s co-owners, BHP Billiton and Vale — two of the world’s largest mining companies — an anti-Valentine.
CLICK HERE to tell BHP Billiton and Vale to clean up and compensate Brazilians for their toxic mine waste disaster!
Gold prices produced a relatively tepid reaction after the Federal Reserve finally issued its first post-QE interest rate hike at the December meeting of the rate-setting FOMC committee. Prices edged down toward 2015 lows but a big-splash breakdown was noticeably absent.
This seems to reflect the widespread expectation of the hike prior to its announcement – traders were pricing in the probability of “liftoff” at close to 80 percent weeks before the meeting – as well as seasonal considerations. Indeed, traders’ apparent unwillingness to rock the boat with just two weeks left in the calendar year made for muted responses across the asset class spectrum despite the historic significance of the Fed’s rate increase.. Read Full Article
LONDON–Gold prices were slightly lower on the London spot market Thursday, as investors remained cautious ahead of a possible rise in U.S. interest rates next week.
Spot gold was trading down 0.11% at $1,071.20 a troy ounce in morning European trading, sticking to a narrow range.
The Federal Open Market Committee will hold its last meeting of the year for two-days from next Tuesday, and the market is anticipating the central bank to raise rates… Read Full Article
The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) and other gold exchange traded products enjoyed solid performances last week on the back of the November jobs report. However, investors should be careful if they expect a lengthy move higher for downtrodden gold ETFs.
Although precious metals ETFs have recently displayed some strength, gold is still in a lengthy bear market, giving some traders pause about how much more near-term upside the yellow metal has in store… Read Full Article