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Marlin

Sector: Residential • Location: Guatemala

Source: International Finance Corporation (IFC)

Project
Completed

The Marlin project (Marlin, the company or the project) is a promising greenfield gold project located in the western Guatemalan highlands approximately 90 air miles northwest of Guatemala City. The $254 million open pit/underground project is estimated to produce about 217,000 oz per annum over 11 years at about $93/oz cash cost (lowest quartile on the cost curve). Total open pit and undergroun

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The project “Marlin” is an infrastructure initiative in the Residential sector, located in Guatemala. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

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Description

Description

The Marlin project (Marlin, the company or the project) is a promising greenfield gold project located in the western Guatemalan highlands approximately 90 air miles northwest of Guatemala City. The $254 million open pit/underground project is estimated to produce about 217,000 oz per annum over 11 years at about $93/oz cash cost (lowest quartile on the cost curve). Total open pit and underground reserves in the current mine plan are estimated 13.3 million tonnes at 5.4 g/t gold. In addition, there is significant exploration potential. The metallurgy appears simple and conducive to a simple treatment circuit with high recoveries.The project is owned by Montana Exploradora de Guatemala, S.A. (ME), a 100% subsidiary of Glamis Gold Ltd. (Glamis or the sponsor), a mid tier gold producer listed on both the Toronto and New York Stock Exchanges. ME holds other exploration stage properties in Guatemala in addition to Marlin.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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