In Jose Panganiban, Camarines Norte, small-scale gold miners dispose of untreated tailings into nearby rivers, which eventually flow into Mambulao Bay. In this study, nine (9) marine sediments were collected and analyzed to assess the pollution of potentially toxic elements (PTEs) in Mambulao Bay. Au concentrations in the sediments were also determined. The results showed that the Mambulao Bay sediments have high concentrations of Hg and other PTEs. The average concentrations of potentially toxic elements in the marine sediments were observed in the following order: Zn (638 mg/kg) > Pb (297 mg/kg) > Cr (283 mg/kg) > Cu (209 mg/kg) > Ni (146 mg/kg) > As (35 mg/kg) > Hg (4.4 mg/kg) > Cd (1.4 mg/kg). Geoaccumulation index values suggest that Mambulao Bay sediments close to the Danao River estuary are strongly to extremely polluted by Hg, strongly polluted by Pb, moderately to strongly polluted by Zn, and moderately polluted by Cd, Cu, Cr, Ni, and As. A high average Au concentration (0.42 mg/kg) was also reported in the sediments. The enrichment values suggest that the PTE pollution has an anthropogenic origin, most likely from the artisanal gold mine tailings of Jose Panganiban. Most of the marine sediments have Hg, Pb, Zn, and Cu concentrations above the probable effect levels for PTEs, which can result in occasional adverse biological effects on the aquatic biota of Mambulao Bay. The average Hg content of Mambulao Bay sediments is higher than those of Honda and Agusan Bays, while the average Pb and Zn contents are higher than those of Honda and Butuan Bays, Boac River estuary, and Tañon Strait. These results can help the government address marine pollution in Mambulao Bay for sustainable aquatic resources and coastal management and can serve as a baseline for future monitoring and assessment of the water body.