Bloomberg News

Peru Stocks: Alturas, Minera IRL, Panoro, Siderperu

March 30, 2012

The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 4:10 p.m. Lima time.

The Lima General Index (IGBVL) rose 1.2 percent to 23,612.02. The MSCI (MXPECAPD) All Peru Capped Index climbed 1.2 percent to 2,971.69.

Alturas Minerals Corp. (ALT) , a Canadian copper and gold exploration company, rose 9.1 percent to 12 cents after copper advanced in New York.

Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, rose 1.3 percent to 77 cents.

Minera IRL Ltd. (MIRL) , a U.K. gold producer with a mine in Peru, jumped 4.5 percent to $1.15 after it announced net income more than tripled to $9.6 million last year.

Empresa Siderurgica del Peru SAA (SIDERC1 PE), a unit of Gerdau SA known as Siderperu, climbed 2 percent to 1 sol. Investors bet increased public spending will spur growth in Peru’s construction industry, said Arlen Lahura, a trader at Lima-based brokerage Coril SAB. Work will begin in April on a $1.5 billion natural gas pipeline that will supply petrochemicals and power plants in the southern Andes, Peruvian President Ollanta Humala said yesterday.

Grana y Montero SA (GRAMONC1 PE), Peru’s largest construction firm, gained for a sixth day, climbing 1.7 percent to 8.75 soles.

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net

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


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