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Minera IRL - The Argies to fund Don Nicolas

By Steve Moore | Monday 19 August 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Latin America-focused gold miner Minera IRL (MIRL) has announced an agreement for up to $80 million to fully finance the Don Nicolas project in Santa Cruz Province, Argentina. Having previously emphasised on this company that, in a currently oppressive funding environment for the sector, further certainty on funding looked to be needed to calm the markets concerns and was likely to continue to hold the shares back until it is addressed (see HERE), today’s news is significant in that respect.



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