PRECIOUS METALS

"To date, we have not had to care for any serious injuries"

Marlin reports on hurricane's impact on its Mexican mine

Staff reporter

This article is 7 years old. Images might not display.

The company said no one was injured and the heap leach pad, crusher and process plant did not appear to have sustained significant damage after the hurricane crossed over the mine in Sinaloa.

"While the Taunus pit is being dewatered, and until steady deliveries of consumables can be made, the company intends to process the surface stockpile located next to the crusher," Marlin said.

It said there was "presently no estimate" on how long it would take to restore road access.

"Importantly, Marlin is appropriately insured for property damage, pit dewatering, debris removal and income loss due to business interruption at the La Trinidad mine," the company said.

It had made its clinic available to the public and said it had not had to care for any serious injuries to date.

Shareholders of Marlin and Golden Reign Resources (TSV: GRR) are set to vote tomorrow on the planned merger to form Mako Mining.  

As part of the transaction, shareholders in Marlin's royalty spin-out Sailfish Royalty Corp (TSXV: FISH) will also vote tomorrow to restructure its stream on Golden Reign's San Albino asset in Nicaragua.

Marlin shares last traded at C11c, just off a 52-week low reached this month of 10.5 and a long way from its high of $1.02 in January.

It is capitalised around $18.9 million.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.