Proactiveinvestors recommends
Stocktube video
25/07/2011

Minera IRL CEO says the economics at $1600 gold price are ‘fantastic’ for the company

View full size
Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: MIRL
Latest Price: 50.00p  (8.11% Ascending)
52-week High: 84.50p
52-week Low: 42.00p
Market Cap: 75.95M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Minera IRL
www.minera-irl.com

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.

Full Minera IRL profile here
Is MIRL a Buy, Sell or Hold?Get your FREE analysis of MIRL
Pdf

Minera IRL named best exploration company of the year in Argentina

29th Sep 2011, 1:49 pm by Sergei Balashov Founder and president of Panorama Minero Enrique Gonzalez said the award reflected the continued intense exploration campaigns that have allowed the Don Nicolas project to move rapidly into the feasibility phase

Minera IRL’s (LON:MIRL, TSE:IRL) exploration success has been recognized by a prominent local publication, which named it the best exploration company of the year in Argentina.

The company said that the award from the Panorama Minero specialist magazine was for its advancement of the Don Nicolas project, and for new discoveries in the emerging gold district of the Macizo del Deseado in the Santa Cruz province of Argentina.

“The professionalism of the Minera IRL Patagonia team, and the strong support of the authorities in the province of Santa Cruz, are ensuring that the development timeline for Don Nicolas remains on track, with the mine becoming the company's second producing asset,” said president of Minera IRL Patagonia Diego Benavides.

Founder and president of Panorama Minero Enrique Gonzalez said the award reflected the continued intense exploration campaigns that have allowed the Don Nicolas project to move rapidly into the feasibility phase.

Gonzalez also highlighted that the project’s environmental study is due for completion by the end of 2011 and the project could “realistically” start producing by the end of 2012.

Minera has recently announced a significant resource upgrade at Don Nicolas.

The project’s measured and indicated resource in the combined high and low grade zones increased to 5.6 million tonnes (Mt) grading 2.1 grammes per tonne (g/t) containing 381,400 ounces of gold, up 89 percent from the previous estimate.

Earlier this month, broker Fox Davies Capital upheld its “buy” recommendation for the stock and upped the target price from 126 pence to 132 pence per share.

Shares in Minera closed at 72 pence on Wednesday, valuing the company at £84.9 million.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.