Minera unveils fall in gold production, sales and profits

Shares in Latin American gold mining company Minera IRL plunged Tuesday after reporting a fall in sales and production in the first quarter.

Shares in Latin American gold mining company Minera IRL plunged Tuesday after reporting a fall in sales and production in the first quarter.

Gold sales fell 13% to 5,660 ounces compared to a year earlier, reflecting a 13% drop in production to 5,848 at the Corihuarmi mine in Peru due to lower grade ore.

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