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Mining Weekly reported that Mercator Minerals announced both record production and earnings in Q4, beating analyst expectations.
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.