Mercator Announces 2011 Moly Production and Outlook for 2012

Mercator Minerals Ltd. (TSX:ML) announced production results from 2011 as well as its production guidance for 2012.

As quoted in the press release:

Production for the fourth quarter totalled 23.6 million copper equivalent⁽¹⁾ pounds, comprised of 11.3 million pounds of copper in concentrates and cathode, 2.3 million pounds of molybdenum in concentrates and 204,000 ounces of silver.

Mercator’s President and CEO, Bruce McLeod said:

During the quarter, the mill completed a consecutive 90-day completion test which required an average throughput rate of over 45,000 tons per day. Also during this 90-day period, we were pleased to see the mill achieve higher average copper and molybdenum recovery rates of nearly 80% and over 73%, respectively.

Click here for the Mercator Minerals Ltd. (TSX:ML) press release.