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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 carrying out a pre-feasibility on 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 at a capital cost of US$20 million following 9 months of construction. The mine has performed at above expected levels and produced 117,237 ounces by the end of 2010 at a weighted cash site operating cost of US$273/ounce. There is no hedging in place and all gold is sold at the spot price. The mine life is currently projected until 2015.
Don Nicolás Patagonia - Argentina