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Mercator Reports Record Production for June of 2010
Mercator Minerals Ltd. (TSX: ML) reported record production for the month of June, 2010, of about 3.1 million lbs. of copper, 396,184 lbs. of moly and 44,596 oz. of silver in concentrate. Recoveries improved in the second quarter to 73.8% and 52.1% for copper and moly, respectively. This is below design capacity of 80% and 73% for copper and moly, respectively. Recoveries should improve in the near-term with installation of an additional half dozen rougher cells. With the addition of additional ball mills and rougher cells, management anticipates that overall profitability should improve with improved recoveries and increased production.
