Marlin Gold Launches Sailfish Royalty


News: Canada-based Marlin Gold Mining has set up a new subsidiary, dubbed Sailfish Royalty, in the British Virgin Islands. Marlin shareholders will eventually get shares in Sailfish, with the company expected to become a separate publicly traded firm. Sailfish is expected to be populated with a gold stream enabling it to purchase gold from Marlin's La Trinidad mine located in Sinaloa, Mexico at US$1,150 per troy ounce for the next 40 years. Production at La Trinidad is scheduled to begin in the next few days.

This article is tagged to:
Sector: Mining
Geography: Canada