Mineral IRL reopens Peru gold mine after reaching deal with locals

Mineral IRL reopens Peru gold mine after reaching deal with locals

Corihuami’s plant and heap leach, January 2010, showing wetlands in the foreground.

Canadian miner Minera IRL (TSX:IRL)(LON:MIRL) has resumed operations at its Corihuarmi gold mine in central Peru after reaching an agreement with locals who had taken control of the asset over the weekend.

Diego Benavides, president of the company's Peruvian unit told Semana Económica (in Spanish) they have extended a social contract they have with locals until 2018, which reassured protesters Minera IRL remains committed to funding community development projects.

The stoppage did not impact Corihuarmi’s output and there was no damage to the mine, the company said in a statement.

The Latin America-focused precious metals miner has also been struggling with community relations near its Ollachea exploration gold project, in southern Peru.