2nd Jun 2008 07:00
MIRL Elevated to Main Board on the Lima Stock Exchange
London, 2 June 2008: Minera IRL Ltd "MIRL" or "the Company" is pleased to announce that official notification has been received from the Lima Stock Exchange ("Exchange") to incorporate the Company's listing to the main board (regular market) of the Exchange as of 2 June 2008. This implies that certain Peruvian institutional investors can be authorized by the regulatory authorities to trade and invest in shares of MIRL. Such activity was not possible whilst the Company was listed on the junior board of the Exchange.
The decision made by the Exchange is due to MIRL having successfully completed the Corihuarmi gold mine, located in Central Peru. The mine celebrated its first gold pour in March 2008, is now in full production and on target to produce 35,000 ounces of gold in 2008 at a cash cost of approximately $300 per ounce.
Chairman Courtney Chamberlain commented "we are delighted to have accomplished this important milestone in our corporate development and to be recognized as a producing miner. MIRL is the first foreign company listed in the 'junior risk capital' segment of the Exchange to have moved 'up' to, and be incorporated on the main board. We are optimistic that this move will increase both our local and regional visibility whilst broadening our potential investor base."
For more information contact:
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Minera IRL Courtney Chamberlain, Executive Chairman or Trish Kent, Manager, Corporate Relations |
+61 (0)408 888 803 +51 1 4181230 |
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Arbuthnot Securities (Nomad & Broker, London) |
+ 44 (0)20 7012 2000 |
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Paul Vanstone |
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Inna Vassina |
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Bankside Consultants (Financial PR, London) |
+ 44 (0)20 7367 8888 |
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Simon Rothschild |
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Louise Mason |
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Credibolsa (Broker, Lima) |
+ 55 13132900 |
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Christian Chocano |
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Synergy Asociados (Public Relations, Lima) |
+ 511 446 2055/446 1832 |
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Magaly Villena |
+ 511 9400 8101 |
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Jorge León |
+ 551 9837 5186 |
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Minera IRL Limited ("MIRL") is the holding company of a precious metals mining company focused on the Andean Cordillera of South America. MIRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group has acquired and advanced a portfolio of projects.
Related Shares:
MIRL.L