The Pirates Of Blood River (1962)

In this high-seas adventure, a wicked one-eyed, one-armed pirate forces a young man, who was wrongfully imprisoned, to take him and his band to his Caribbean island home where the pirate believes great treasure is buried. Once there, the pirate begins fighting for control of the island and begins slaughtering the lad's family and friends. The young man is utterly appalled and with his step-sister, a young woman and her beloved, somehow escape. Later the pirate discovers a large statue of pure gold. He and his men haul it to the beach and put it on a raft. As they are floating toward their ship, they are ambushed by the man and the other survivors causing the precious statue to fall overboard and sink to Davy Jones' locker while the pirate is killed. Later the survivors return to their ravaged home.