Latin America-focused gold miner Minera IRL (MIRL) has announced that it has agreed with Rio Tinto to defer the payment dates for the final amounts it owes for the purchase of its flagship Ollachea gold project in Peru from the industry major.
Top resource stocks broker Fox Davies has published a note arguing that shares in Minera IRL (MIRL), now at 14p are in fact worth 48p.
Latin America-focused gold miner Minera IRL (MIRL) has announced an agreement for up to $80 million to fully finance the Don Nicolas project in Santa Cruz Province, Argentina. Having previously emphasised on this company that, in a currently oppressive funding environment for the sector, further certainty on funding looked to be needed to calm the markets concerns and was likely to continue to hold the shares back until it is addressed (see HERE), today’s news is significant in that respect.
Latin America gold concern Minera IRL (MIRL) has announced results for its second quarter and first half of 2013. The numbers do not look great but is that discounted?
Since I last updated on AIM, Canada and Peru-listed, Latin America-focused gold miner Minera IRL (MIRL), the company has affirmed that it “expect to receive final approval for the Ollachea Environmental and Social Impact Assessment during the second half of 2013”.
South American gold producer Minera IRL (MIRL) has released Q1 numbers which showed quarter on quarter profits regression.
Shares in AIM, Canada and Peru-listed, Latin America-focused, gold miner Minera IRL (MIRL) trade more than 16% lower today, at 20.5p (capitalising the company at £35.6 million), on the back of its release of results for the first quarter of 2013.
AIM, Canada and Peru-listed Latin America focused gold miner Minera IRL (MIRL) has announced exploration results from three gold vein systems in Patagonia, Argentina.
Minera IRL (MIRL) is an AIM, Canada and Peru-listed Latin America focused gold miner led by a senior management team with extensive industry experience, particularly operating in South America.
On 21st November AM and TSX listed gold miner Minera IRL (MIRL) announced a material upgrade to its resource estimate for the Don Nicolas project in Argentina. The Measured and Indicated Resources have been increased by 23% to 468,000 ounces of gold. The economic effect of this is to increase the life of the mine estimate, something assisted by a 14% increased in the inferred resource estimate, to 165,000 ounces of gold. This has prompted broker Fox Davies to set a target price for the shares (56p today) of 116p.I do not entirely disagree with its analysis and here is why.
I first recommended shares in AIM listed Latin America gold miner Minera IRL (MIRL) at 69p in May 2010 on t1ps.com, the site I founded in 2000 and left this September. Despite having the safety net of current production, the shares have unfortunately not escaped the negative sentiment towards the sector in recent times – and traded at 41p as recently as early September this year. They have recovered somewhat to currently trade at 50.25p but is there more to come?
