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Mercator Minerals Ltd. (Mercator) is a diversified natural resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, the United States.
Mercator Minerals Ltd. (TSX: ML) reported its July, 2010 production results for its Mineral Park copper-molybdenum mine near Kingman, Arizona. Production of molybdenum at Mercator Minerals Ltd.’s Mineral Park mine increased to a record 396,322 pounds, slightly above June, reflecting an increase in recoveries to 52.1% in 2Q10 from 40.3% in 1Q10. Copper and silver production was down slightly in July from June and May, but copper recoveries nevertheless increased to 73.8% in 2Q10 from 60.1% in 1Q10. We expect sustained higher cash flows in the second and third quarter with improvement in the fourth quarter with installation of additional rougher cells by the end of September, important for further improvement of recoveries targeted at 73% for both molybdenum and copper. Mercator Minerals Ltd. is currently in the process of adding an additional six rougher cells to the current eight. With the installation of an additional ball mill with power transmission upgrade, Mercator Minerals is targeting completion of its Phase II by mid-2011with a scheduled increeased processing capacity to50,000 tpd.
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.
Submitted by Admin on Mon, 11/23/2009 - 08:31
Submitted by Admin on Tue, 11/17/2009 - 13:10
Submitted by Admin on Tue, 11/17/2009 - 11:12
Submitted by Admin on Fri, 10/10/2008 - 12:45
We attended Mercator Minerals Ltd.’s (TSX: ML) annual meeting in June. The meeting was conducted at its wholly owned Mineral Park Mine located near Kingman, in northwest Arizona.
Mercator Minerals Ltd. (TSX: ML) is rapidly approaching completion of its initial phase of expansion at its Mineral Park Mine in northwest Arizona.Phases I and II were designed to increase production at Mineral Park to an average of 56.4 million pounds of copper, 10.3 million pounds of moly, and 600,000oz. of silver on an annual basis over the first 10 years of the 25 year mine life.
Submitted by Mike Niehuser on Thu, 04/26/2007 - 23:00
We recently visited Mercator Minerals Ltd.’s (TSX: ML) Mineral Park Mine, a copper and high grade molybdenum (moly) project in northwest Arizona, located about 95 miles southeast of Las Vegas, Nevada. From 1961 to 1981, Duval Corporation produced copper, moly and silver concentrates at a rate of about 19,000 tons per day (tpd) through a concentrator mill facility. Mercator acquired the Mineral Park Mine in 2003 from Equatorial Mining of Australia, and immediately embarked on a series of improvements and expansions to the SX-EW facility and operational improvements at the mine. In 2006, the Company produced approximately 9.5 million pounds of cathode copper through the expanded SX/EW plant.