| IRL resumes Peru gold mine operations after deal with locals | |
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LIMA, Sept 8 (Reuters) - Minera IRL Ltd restarted operations at its Corihuarmi gold mine in central Peru after reaching an agreement with locals who had taken control of the unit, the company's co-founder said Tuesday. Activity resumed late on Monday after IRL reassured protesters that it remained committed to funding community development projects, Diego Benavides, president of the company's Peruvian unit, said. "We extended the social contract that we have with the community until 2018," Benavides said by phone. "Fortunately, the stoppage did not impact our output and there was no damage to the mine." Benavides was interim chief executive until a board room shake-up last month. IRL's London shares slumped after its announcement early on Monday that about 100 members of the nearby town of Atcas had forced operations at Corihuarmi to stop. IRL has also struggled to renew agreements with communities near its $180 million Ollachea gold project after management changes in the company upset local leaders. Corihuarmi produced 23,321 ounces of gold last year. (Reporting by Marco Aquino; Writing by Mitra Taj; Editing by Richard Chang)
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Minera IRL
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PRODUCER |
CODE : MIRL.L |
ISIN : JE00B1HNYF12 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Minera IRL is a gold producing company based in Peru. Minera IRL develops gold and silver in Argentina and in Peru, and holds various exploration projects in Peru. Its main asset in production is CORIHUARMI in Peru, its main assets in development are GOLDEN ZONE PROPERTY in Peru and DON NICOLAS in Argentina and its main exploration properties are PAN DE AZUCAR, DUTCH FLAT, WINNEMUCCA MOUNTAIN, AWAKENING, CHERT CLIFF, SUMMIT PROJECT, ESCONDIDO and EAST SANTA CRUZ in Argentina, CATA PRETA, OVERLAND PASS, SCRAPER, WHITE CANYON MINE, SOUTH ESTELLE, UTAH CLIPPER, CRESTVIEW, LAURA PROPERTY, WHITE HORSE NORTH, RED HILLS PROPERTY, PETE'S SUMMIT, GUILD PROJECT, CLARA MORO and FOUR METALS PROPERTY in Brazil, HUAQUIRCA, VECA PROJECT, BETHANIA, OLLACHA and QUILAVIRA in Peru, FRONTERA in Chile and OXFORD LAKE, COTE ARCHIE LAKE, BOLO and DEL ORO in Canada. Minera IRL is listed in Canada and in United Kingdom. Its market capitalisation is GBX 809.0 millions as of today (US$ 1.2 billions, € 1.1 billions). Its stock quote reached its highest recent level on January 07, 2011 at GBX 96.00, and its lowest recent point on August 28, 2015 at GBX 0.25. Minera IRL has 231 130 000 shares outstanding. |