Minera IRL Q2 FY26 net loss widens to $16.99 million; revenue drops 52% to $4.12 million

Reuters2026/08/18 02:40

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Minera IRL posted a net loss of $16.99 million, widening from $4.41 million a year earlier.
Revenue fell 52% to $4.12 million on 745 ounces sold, down 71%, despite a 54% rise in realized gold price to $4,571/oz.
Gross profit turned to a $901,000 loss from a $2.2 million profit, while cash costs rose to $5,849/oz from $2,407/oz.
Administrative expenses jumped to $9.01 million from $1.23 million, driven by $7.62 million tied to finalized SUNAT tax audits.
Ollachea talks entered advanced due diligence with potential investors to fund development and repay COFIDE; cash ended at $408,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Minera IRL Limited published the original content used to generate this news brief on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Minera IRL Q2 FY26 net loss widens to $16.99 million; revenue drops 52% to $4.12 million

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