Mercator’s net hit by pricing, output issues
Nov 15, 2013 | 02:50 PM
| 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. ....
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