Mercator Minerals Ltd MLKKF

Metals & Mining Industrial Metals & Minerals

Mercator Minerals, Ltd. is a mineral resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, United States and Sonora, Mexico. The Company’s principal assets are the 100% owned Mineral Park Mine, a producing copper-moly mine located near Kingman, Arizona and the El Pilar Project located in Sonora Mexico. The primary focus of the Company is the expansion of copper production and molybdenum concentrate production at the Mineral Park Mine, and the development of the El Pilar Project. Its other projects include The El Creston molybdenum property, which is 175 kilometers south of the United States Border and 145 kilometers northeast of the city of Hermosillo; Molybrook, which is located on the south coast of Newfoundland, and Ajax, which is located 13 kilometers north of Alice Arm, British Columbia.

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Mercator Minerals Ltd

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Post by godisgr81on Jun 29, 2010 7:34pm

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Post# 17232731

Spoke to Marc Today

Our production for June is in line with record productions in April and May. The numbers on recoveries should be excellent. We are in line with design targets and will be accelerated once new rougher cells are in place in Q3.
As for profit for Q2, he doesn't know until final numbers are tallied but will be an improvement from the previous quarter.
Also the $7million charges from Q1 will be reported in Q2 which will help.

Importantly, they will release production and recoveries report ahead of Q2 release. Likely will report within one week after close of Q2. He is also purchasing more stocks prior to the blackout period for Q2 release. He also stated that they are making good money on the CU hedge so far.

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