Bloomberg News

Peru Stocks: Minera IRL, Panoro Minerals, Refineria La Pampilla

February 24, 2012

Feb. 24 (Bloomberg) -- The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 11:15 a.m. Lima time.

The Lima General Index fell 0.1 percent to 22,819.17. The MSCI All Peru Capped Index was little changed at 2,888.89.

Refineria La Pampilla SA (RELAPAC1 PE), the country’s largest petroleum refinery, advanced to a one-week high after oil climbed as tension with Iran threatens supplies and on signs of a global economic recovery. Relapasa, as the company is known, climbed 2 percent to 1.04 soles.

Panoro Minerals Ltd. (PML PE), a Canadian copper exploration company, climbed 6.1 percent to 70 cents, the highest in almost a year, as the metal advanced in New York. Candente Copper Corp. (DNT PE), the Canadian exploration firm with operations in Peru, added 1.9 percent to $1.08.

Minera IRL Ltd. (MIRL PE), a U.K. minerals explorer with a gold mine in Peru, fell after the precious metal declined for the first time in four days as demand for a haven eased amid signs of strength in the U.S. economy. Lima-based Minera retreated 3.3 percent to $1.18.

--Editors: Glenn Kalinoski, Brendan Walsh

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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