Marlin Gold Ships 10,121 Ounces of Gold in January

Marlin Gold Mining (TSXV:MLN) has provided an update from its wholly-owned Trinidad mine in Sinaloa, Mexico, with 10,121 ounces of gold shipped in January.
As quoted in the press release:

Since September 15, 2016, when Marlin began consistently mining the high grade HS Zone, the Company has stacked 66,923 ounces of gold with 7,447 coming in January alone.  The tonnes stacked in January had an average grade of approximately 1.87 grams per tonne.  In addition, Marlin has built up an approximately 485,000-tonne stockpile of mineralized material with an average grade of approximately 1.37 grams per tonne.  Management expects to process grades similar to the average stockpile grade as we accelerate mining to reach the southern part of the high grade HS Zone by the third quarter of this year.
The recoveries of gold from the leach pad are approaching a steady state and averaged 231 ounces per day in January.  With the processing of our current stockpile, and accelerated southern HS Zone mine plan, management now expects consistent operating cash flow for at least the next two full years, confirming what was estimated by the 2nd Amended NI 43-101 Technical Report datedFebruary 1, 2013 prepared by SRK Consulting.  A detailed operating update will be provided in conjunction with filing our audited financials in April.
Gold shipments in January reached a new monthly record at 10,121 ounces.  Total costs per ounce shipped will be below US$290 for January.  As we accelerate mining to reach the southern part of the high grade HS Zone, costs will be commensurately higher than the previous US$2.25-2.5 million monthly cost estimate.  All-in mining costs, including drilling, loading, blasting, hauling, diesel and explosives are approximately US$1.70 per tonne.
A drill contractor has been at site since early December to follow up on the high-grade blast-hole assays from the negative two level bench and below in the north side pit wall.  A 12-hole drill program will help quantify how much mineralization exists to the north, which will determine whether a north side layback is warranted.  Initial results from this drill program are expected later this month.

Click here to read the full press release.