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Mercator announces production results of Q2 2011
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Saturday, 09 Jul 2011
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Mercator Minerals Limited announced its production results for the three months ended June 30th 2011 from its wholly owned Mineral Park Mine in Arizona. Production for the quarter totaled 11.18 million pounds of copper, 1.76 million pounds of molybdenum and 180,569 ounces of silver as compared to guidance of 9.5 million pounds of copper and 1.0 million pounds of molybdenum.

During the month of June, the Mineral Park Mine produced 3,644,209 pounds of copper, a record 633,500 pounds of molybdenum and 61,073 ounces of silver.

Operational Highlights for the three months ended June 30th 2011
1. Mill throughput averaged 32,260 tons per day for the quarter;
2. Record mill throughput of 41,738 tons in a 24 hour period achieved;
3. Production of 10,434,143 pounds of copper contained in concentrates;
4. Production of 748,196 pounds of copper cathode;
5. Production of 1,762,174 pounds of molybdenum contained in concentrates;
6. By product production of 180,569 ounces of silver in concentrates.

Mr Bruce McLeod president and CEO of Mercator Minerals said that "I am extremely pleased with the rapid integration of the two companies, Mercator and Creston, and their respective personnel. We have a very experienced and talented management and operating team that see good opportunity for increasing production, reducing costs and advancing our projects. With our strong board of directors to support us, I believe this new team will serve the shareholders very well."

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