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.
Minera IRL (MIRL) has updated that its Corihuarmi mine in Peru “has once again exceeded expectations” – with, after 6,446 ounces of fourth quarter production, 2013 gold production coming in at 25,223 ounces, compared to guidance of 24,000 ounces. However, with there also some slight delays elsewhere, is there value at the current 12.25p share price? – this up from little more than 8p hit in November but comparing to more than 100p reached in 2011 and more than 50p as recently as early 2013.
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