Mercator’s net hit by pricing, output issues

Nov 15, 2013 | 02:50 PM | Daniel Fitzgerald

Tags  Mercator Minerals, copper, molybdenum, Mineral Park Mine, El Creston, production, prices, Daniel Fitzgerald

NEW YORK — Mercator Minerals Ltd.’s losses widened in the third quarter as earnings were impacted by lower copper and molybdenum prices, as well as production issues at its Mineral Park Mine in Arizona.

The Vancouver, British Columbia-based company posted a net loss of $151.9 million for the three months ended Sept. 30 , more than 10 times the net loss of $15.1 million a year earlier, on revenue that fell 15.6 percent to $49.4 million from $58.5 million. ....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results