Minera IRL Limited together with its subsidiaries (the "Group") is a Latin American precious metals mining, development and exploration company. Managed by a team of experienced mining executives, the Group's business was privately funded from inception in 2000 until listing on the London AIM Market in April 2007. Minera IRL Limited is currently quoted on the Toronto Stock Exchange (TSX:IRL), AIM London (AIM:MIRL) and the BVL, Lima, Peru (BVL:MIRL) stock exchanges.
The Group operates the Corihuarmi Gold Mine, is exploring the Ollachea Project, both of which are in Peru, and is also undertaking a feasibility study at the Don Nicolas gold project in Patagonia, Argentina.
30/03/12
Corihuarmi in Peru has continued to perform well throughout 2011, helping to lift sales revenue 29 percent from the previous year to US$53 million. Minera is in a strong position to continue its exploration and development plans.
24/02/12
Minera IRL is raising £19.2 million, cash it hopes will help it break through as mid-tier gold producer.
17/02/12
Minera IRL passed another important milestone recently as work began on a 1.2 kilometre tunnel at its flagship Ollachea gold project in Peru.
14/02/12
Executive chairman Courtney Chamberlain says he's very happy with the feasibility study, which has met all the group's objectives.
14/02/12
Today’s pivotal report confirmed the viability of a 350,000 tonne per year mining operation that will produce 52,400 ounces of gold and 56,000 ounces of silver each year starting in Q4 2013.
18/11/11
The Corihuarmi gold mine was never meant to be the 'company maker' for Minera IRL, but chairman Courtney Chamberlain says it is a 'little gem' that has provided a springboard for the firm’s next generation of mines - namely Olleachea and Don Nicholas.
14/11/11
Speaking on a conference call to investors this afternoon chief financial officer Tim Miller explained that the Corihuarmi mine’s costs were ‘pretty consistent’ with the previous quarter, while production and sales had improved.
06/10/11
Minera IRL’s current share price offers an “attractive entry point” for investors seeking exposure to a low risk gold miner and explorer, according to City broker FinnCap.
17/08/11
Minera said that the measured and indicated resource in the ‘high and low grade’ category represents an 89 per cent increase over the resource estimate it inherited when it acquired the project as a result of its acquisition of Hidefield in late 2009
18/07/11
The broker repeated a ‘buy’ recommendation on the South American gold stock, targeting 130p a share, after Minera announced the completion of the Ollachea project’s prefeasibility study this morning. The assessment confirmed that Ollachea could produce 117,000 ounces of gold a year from 2014 onwards.
14/06/11
Minera IRL's resource upgrade for its Ollachea project in Peru has been given the thumbs up on a number of levels by mining analyst John Mcgloin at house broker Collins Stewart
14/06/11
Minera IRL has unveiled a 'significant' resource upgrade at the Minapampa and Minapampa East zones at its Ollachea project in Peru - and has upped the indicated resource there by 20 percent, it said today.
13/05/11
The South American gold producer and mine developer revealed better-than-expected quarterly results this morning thanks to lower costs, growing output and higher gold prices. Fox-Davies’ Peter Rose repeated a ‘buy’ recommendation which targets 123 pence a share.
24/01/11
This morning the junior gold company told investors that the Corihuarmi gold mine in Peru has continued to perform ahead of its expectations in 2010. FinnCap now believes the mine’s performance could exceed the broker's estimates by 20 percent in 2011. Meanwhile finnCap is also looking forward to significant news-flow from Minera’s Don Nicholas project in the Deseado Massif gold exploration hot-spot in Santa Cruz, Argentina.
10/12/10
The group owns a strong pipeline of projects in South America. Its Corihuarmi mine in Peru has been producing gold since early 2008, and it looks likely that Don Nicolas in Argentina is next. And very promising exploration continues in both countries.
30/11/10
Minera’s Ollachea gold project keeps growing in size and stature with two very positive updates in successive days. After it found potentially economic grades at the Concurayoc zone yesterday, it has now taken 80 percent of Minapampa's inferred resource up to the indicated category. Ollachea's overall gold resource now stands at 1.6 million ounces.
14/07/10
In the second quarter of 2010, the mine produced 8,098oz of gold, 10% ahead of budget. Revenue is steadily increasing, providing more cash to apply to the company’s project development and exploration activities.
12/05/10
More good news from the group's 2010 drilling programme: gold intersections at the new Concurayoc Zone at Ollachea warrant a major follow-up.
21/01/10
The good performance in the final quarter was helped by its Corihuarmi mine in Peru exceeding expectations, record gold prices and significant cost cuts.
16/11/09
Mineral IRL confirmed that it would be pushing forward with infill drilling at the Ollachea Gold Project in southern Peru after it released a scoping study considering the viability of the project as an underground mining operation.
12/03/09
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