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Minera IRL Reports Q2 2022 Financial Results
LIMA, Peru, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) is pleased to announce that i
About this update from Minera Irl Limited
[{"type":"text","content":" LIMA, Peru, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) is pleased to announce that it has today filed on SEDAR its unaudited consolidated financial statements and corresponding management’s discussion and analysis (“MD&A”) for the second quarter ended June 30, 2022. Financial Results for the Second Quarter Ended June 30, 2022 A summary of the Company´s financial results for the second quarter ended June 30, 2022, are as follows: Second Quarter Ended 30 June 2022 2021 Revenue ($’000) 9,675 10,776 Gold sold (ounces) 5,249 6,013 Realized gold price ($ per ounce ) 1,843 1,792 Gross profit ($’000) 980 2,962 After-tax loss ($’000) (3,044 ) 1,770 Loss per share (cents) (1.3 ) 0.8 *Note – All of the results presented are prepared under IFRS and are in United States dollars. During Q2 2022, the Company reported sales revenue of $9.7 million compared with sales revenue of $10.8 during Q2 2021. This 10% decrease was primarily due to the combined effect of a 3% increase in the average price of gold sold and a 13% decrease in the number of gold ounces sold. Sales revenue increased quarter-on-quarter by 3% from $9.4 million reported in the first quarter of 2022. Gold sales during the second quarter of 2022 were comprised of 5,249 ounces of gold (Q2 2021: 6,013 ounces of gold) at an average realized gold price of $1,843 per ounce, a 3% increase compared to the price of $1,792 per ounce for the same period in 2021. Gold sold during the second quarter of 2022 was 4% higher than the first quarter of 2022. Total gold production from Minera’s Corihuarmi mine during the second quarter of 2022 was 15% higher than the first quarter of 2022. The Company is implementing further optimization and reorganization programs aimed to increase gold production quarter-on-quarter and to mitigate against the increasing costs of consumables resulting from rising fuel prices worldwide. For full details on the financial results of the Company for the second quarter ended June 30, 2022, see Minera’s unaudited consolidated financial statements and MD&A that have been filed on its SEDAR profile at www.sedar.com and with the Lima Stock Exchange. About Minera IRL Limited Minera IRL Limited is the CSE, BVL and FWB listed holding company of M...