Marlin Gold Reports $11.6 Million ($0.07 per share) of Adjusted EBITDA for Fourth Quarter and Files Full-Year 2016 Audited Financial Results

http://www.marlingold.com/News%20PDFs/2017/2017.05.01_NR.pdf

May 1, 2017 — Vancouver, British Columbia — Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to announce its financial results for the fourth quarter (“Q4”) and year ended December 31, 2016. This press release should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2016 and Management’s Discussion & Analysis (“MD&A”) for the same period, available on the Company’s website at http://www.marlingold.com and under the Company’s name on SEDAR at http://www.sedar.com. All monetary amounts are expressed in Canadian dollars unless otherwise specified. Marlin began continuously mining the high grade HS zone at the La Trinidad gold mine (“La Trinidad”) in Sinaloa, Mexico on September 15, 2016, and began recovering gold from this area in early Q4. For the quarter, the Company produced 19,164 ounces of gold and sold 12,178 ounces, both quarterly records. Net profit was $2.6 million ($0.02 per share) despite depreciation, depletion and amortization (“DD&A”) expenses of $9.9 million. It is important to note that 6,986 ounces of gold produced in Q4 were sold after the quarter ended, which were not recognized as revenue in Q4.

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