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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.
Corihuarmi The Corihuarmi Gold Mine commenced production in March 2008 following 9 months of construction. The mine performed at above expected levels in 2008 with 51,691 fine ounces produced through the end of the December at a cash operating cost of US$161 per ounce. The capital cost of US$20 million, plus prior sunk cost of approximately US$7 million was recovered from ex-mine, pre-tax cash flow in 7 months. Corihuarmi Gold Mine continues to perform well and on schedule.
Don Nicolás Patagonia - Argentina