Minera IRL (LON:MIRL) - Small producer with big plans
Jul 19th 2012 - Edison Investment Research today published a report on Minera IRL (MIRL.L, LSE:MIRL, LON:MIRL) entitled "Small Producer With Big Plans". In summary, the report says:
With Minera IRL’s first gold mine, Corihuarmi, continuing to exceed expectations and the development of its Ollachea and Don Nicolas gold projects on track, the company is poised to become a mid-tier producer in the near term. The Don Nicolas project is expected to begin production in late 2013 while the Ollachea project will commence production in 2014. With the three operating mines we estimate that Minera IRL will increase its annual production from 26,000oz in 2012 to 181,000oz by 2015.
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