Minera IRL halts gold operation in Peru as protesters take over site

Minera IRL halts gold operation in Peru as protesters take over site

IRL's Corihuarmi gold mine in Peru. (Image from 2013)

Canadian miner Minera IRL (TSX:IRL)(LON:MIRL) said Monday it has halted operations at its Corihuarmi gold mine in Peru after around 100 locals invaded the site over the weekend.

While the company did not specify what protesters were demanding, it did mention that officials were scheduled to meet with representatives of the town of Atcas later today to negotiate a solution.

The stoppage represents a new challenge for the Latin America-focused precious metals miner, which has also been struggling with community relations near its Ollachea exploration gold project in southern Peru.

Investors reacted negatively to the news. Shares were down around 13.7% in London at 11:30 am.