Bloomberg News

Peru Stocks: Minera IRL, Panoro Minerals, Relapasa Were Active

February 24, 2012

Feb. 24 (Bloomberg) -- The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of the close of trading.

The Lima General Index fell less than 0.1 percent to 22,825.87. The MSCI All Peru Capped Index rose 0.1 percent to 2,892.82.

Panoro Minerals Ltd. (PML PE), a Canadian copper explorer, climbed 9.1 percent to 72 cents, the highest in almost a year. The Vancouver-based company increased the size of a share placement to $12 million from $10 million to finance exploration in Peru, it said yesterday. HudBay Minerals Inc., an existing shareholder, agreed to buy some of the shares, Panoro said.

Refineria La Pampilla SA (RELAPAC1 PE), the country’s largest petroleum refinery, climbed for the first time in four days after oil rose as tension with Iran threatens supplies and on signs of a global economic recovery. Relapasa, as the company is known, advanced 1 percent to 1.03 soles.

Minera IRL Ltd. (MIRL PE), a U.K. minerals explorer with a gold mine in Peru, fell the most in a month after the precious metal declined as demand for a haven eased amid signs of strength in the U.S. economy. Lima-based Minera retreated 2.5 percent to $1.19.

--Editor: Glenn J. Kalinoski

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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