Mining Weekly reported that Mercator Minerals announced both record production and earnings in Q4, beating analyst expectations.
As quoted in the market report:
Production for the quarter totalled 23.8-million copper-equivalent pounds, comprising 10.9-million pounds of copper in concentrates and cathode, 2.9-million pounds of molybdenum in concentrates and 156 985 oz of silver. The company achieved recoveries of 83.1% for copper and 85.5% for molybdenum, which were above design rates of 80% and 75% respectively, and had boosted production.
