Mercator Minerals losses continue in 4th qtr.

Apr 01, 2014 | 04:34 PM | Saranya Kapur

Tags  Mercator, Intergeo MMC, Mikhail Prokhorov, Bruce McLeod, earnings report, Saranya Kapur

NEW YORK — Mercator Minerals Ltd. reported its second consecutive quarterly loss as it restructures amid a buyout by Intergeo MMC Ltd.

The Vancouver, British Columbia-based company cited falling metal prices in posting a net loss of $11.5 million for the three months ended Dec. 31. The company said in its earnings report it incurred a $167.8-million asset impairment charge last year after a deferral of its El Creston project in Mexico and operational issues at its Mineral Park project....

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