La Minera IRL Limited (BVL:MIRL) presentó sus resultados financieros para el 3T2012. Entre ellos destaca una disminución en -52.78% de la utilidad de la empresa en comparación con el mismo periodo del año anterior. Estos resultados ocurrieron debido a una caída en la producción de oro y a la disminución del precio de este bien.
El presidente de la minera, Courtney Chamberlain, destacó los resultados de la mina Corihuarmi, ubicado los andes del Perú, pues la producción estuvo por encima de las expectativas gerenciales. También recalcó que la disminución en la producción se debe a la anticipada ley baja del mineral.
Minera IRL Announces Third Quarter 2012 Financial Results
LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - Minera IRL Limited ("Minera IRL" or the "Company"), (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) the Latin America gold mining company, is pleased to announce its unaudited third quarter results for the 3 month period ended 30 September 2012 ("Q3 2012").
Q3 2012 Highlights (all $ denominates US dollars unless otherwise stated):
Financial:
- Gold sales 7,520 ounces (Q3 2011: 9,718 ounces). Average realised gold price $1,667 per ounce (Q3 2011: $1,683 per ounce)
- Revenue $12.5 million (Q3 2011: $16.4 million)
- Gross Profit $5.8 million (Q3 2011: $9.1 million)
- EBITDA $4.8 million (Q3 2011: $8.6 million)
- Profit after tax $1.7 million (Q3 2011:$3.6 million)
- Cash balance of $10.4 million at end of quarter (Q3 2011: $21.0 million)
- Post Q3 2012 end, availability of second $10 million tranche of Macquarie Bank Finance Facility and extension of Facility Repayment Date to 30 June 2014
Operational:
- Gold production from the Corihuarmi Gold Mine was ahead of management expectations at 7,660 ounces (Q3 2011: 9,718 ounces). Production declined due to anticipated lower grade ore
- Corihuarmi site cash operating cost increased to $552 per ounce (Q3 2011: $356 per ounce) due to anticipated lower production
- Environmental Impact Assessment has been approved for the Don Nicolas Project in mining friendly Santa Cruz Province, Argentina and the development permit issued. Financing discussions are progressing
- The Definitive Feasibility Study on the Company's flagship Ollachea Project, Peru, is on track for completion during Q4, 2012
- Excellent progress has been made on the exploration drive at Ollachea, reaching 669 meters as of 31 October 2012. Exploration of the eastern strike of the deposit by diamond drilling is scheduled to commence in Q4 2012. Underground access to the orebody is expected in Q1, 2013
Summary table:
Commenting on the Q3 results, Courtney Chamberlain, Executive Chairman of Minera IRL said:
"The Corihuarmi Gold Mine in Peru continues to perform above our expectations and underpins the financial strength of the Company as we continue to invest in the development of our substantial pipeline of projects. It is a great credit to the operating efficiency of our production team to treat ore with a grade below 0.5g/t at a site cash operating cost well under $600 per ounce."
"On the development front we have almost completed the Definitive Feasibility Study on Ollachea, the Company's flagship project in southern Peru and are on schedule to announce the results during fourth quarter of 2012. Also at Ollachea, the exploration drive is progressing exceptionally well and has surpassed the half-way point reaching 669 meters by 31 October. Drilling from underground to explore the eastern strike of the deposit is scheduled to commence shortly."
"In Patagonia, Argentina, the Company has received approval of its Environmental Impact Assessment and been granted a Development Permit in less than 5 months. This is unprecedented turn-around of this process and management is very pleased with the support and assistance provided by the Santa Cruz government. We are now in a position to take the final steps towards the development of Don Nicolas."
0 comentarios: