Proactiveinvestors United Kingdom Minera IRL articles

Minera IRL reports strong full-year as Corihuarmi achieves record gold output

Fri, 30 Mar 2012 14:38:00 +0100

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.

Minera IRL hopes £19 million cash call is a "significant step" to becoming mid-tier producer

Fri, 24 Feb 2012 08:18:00 +0000

Minera IRL is raising £19.2 million, cash it hopes will help it break through as mid-tier gold producer.

Minera IRL reports progress at flagship gold project; infill drill returns "excellent intersections"

Fri, 17 Feb 2012 07:19:00 +0000

Minera IRL passed another important milestone recently as work began on a 1.2 kilometre tunnel at its flagship Ollachea gold project in Peru.

Minera IRL's Don Nicholas feasibility study met all objectives, says chairman

Tue, 14 Feb 2012 15:40:00 +0000

Executive chairman Courtney Chamberlain says he's very happy with the feasibility study, which has met all the group's objectives.

Minera IRL on track for second gold mine after Don Nicholas feasibility success

Tue, 14 Feb 2012 07:41:00 +0000

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.

Minera IRL: Ollachea gold project may be the 'company maker'

Fri, 18 Nov 2011 07:39:00 +0000

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.

Minera IRL says it’s very pleased with excellent third quarter

Mon, 14 Nov 2011 16:37:00 +0000

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.

Minera IRL share price offers an attractive entry point for investors, says FinnCap's Potts

Thu, 06 Oct 2011 10:32:00 +0100

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.

Minera IRL’s shares bounce after large resource upgrade at gold project in Argentina

Wed, 17 Aug 2011 10:48:00 +0100

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

Collins Stewart hails Minera IRL as an ‘outstanding value proposition’ after Ollachea prefeasibility study

Mon, 18 Jul 2011 14:19:00 +0100

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.

Minera cheers broker with Peru upgrade

Tue, 14 Jun 2011 15:56:00 +0100

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

Minera IRL reveals significant resource upgrade at Ollachea project in Peru

Tue, 14 Jun 2011 07:47:00 +0100

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.

Minera IRL: City analyst hails expectation-beating gold production at Corihuarmi mine

Fri, 13 May 2011 13:30:00 +0100

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.

Minera IRL: City broker highlights potential for asset growth

Mon, 24 Jan 2011 13:04:00 +0000

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.

Minera IRL – taking it step by step in Latin America

Fri, 10 Dec 2010 12:30:00 +0000

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.

Minera IRL upgrades 80 pct of Ollachea gold resource into indicated category

Tue, 30 Nov 2010 08:13:00 +0000

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.

Minera IRL's Corihuarmi mine performs beyond expectations

Wed, 14 Jul 2010 09:23:00 +0100

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.

Minera IRL plans follow-up drilling at new zone of Ollachea gold project

Wed, 12 May 2010 09:25:00 +0100

More good news from the group's 2010 drilling programme: gold intersections at the new Concurayoc Zone at Ollachea warrant a major follow-up.

Minera IRL reports best 2009 gold production in Q4 as costs decline, FD Capital says 'buy'

Thu, 21 Jan 2010 09:38:00 +0000

The good performance in the final quarter was helped by its Corihuarmi mine in Peru exceeding expectations, record gold prices and significant cost cuts.

Minera IRL to push ahead Ollachea Gold Project after encouraging scoping study result

Mon, 16 Nov 2009 09:10:00 +0000

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.