Minera IRL Q2 2026 revenue slides 52% as El Niño rains curb Corihuarmi gold output, company says
Reuters2026/08/19 22:49- Minera IRL posted Q2 2026 revenue of USD 4.12 million, down from USD 8.53 million, as gold ounces sold fell 71%.
- Heavy rainfall tied to El Niño disrupted rehandling and reprocessing, cutting ore processed 47% to 444,146 tons.
- Realized gold price rose 54% to USD 4,571/oz, insufficient to offset lower volumes; gross result shifted to a USD 901,000 loss.
- Administration expense jumped to USD 9.01 million from USD 1.23 million, driven mainly by USD 7.62 million tied to a tax audit outcome.
- Finance expense increased to USD 7.2 million from USD 3.32 million, reflecting higher COFIDE loan interest; cash ended at USD 408,000.
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