Mercator announces that further to the December 12, 2013 press release announcing the proposed business combination between Mercator and Intergeo MMC, the Company has satisfied the conditions precedent required for the initial draw down of funds under the bridge loan with Intergeo's controlling shareholder, Daselina Investments. Initially, Mercator [...]
Combination of Mercator and Intergeo to create a new copper-focused base metal company with a robust growth profile and strong financial backing US$100 million investment by Intergeo's controlling shareholder provides ample liquidity to realize the near-term potential of the combined portfolio Addition of the world-class Ak-Sug copper development [...]
Mercator announces, further to the September 30, 2013, October 31, 2013, November 15, 2013 and November 29, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park, has been advised by the syndicate of lenders under the MPI credit facility that an extension of the forbearance in exercising any remedies under the [...]
Mercator Minerals announces, further to the September 30, 2013, October 31, 2013 and November 15, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park, has been advised by the syndicate of lenders under the MPI credit facility that an extension of the forbearance in exercising any remedies under the Credit [...]
Mercator Minerals announces, further to the September 30, 2013 and October 31, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park, have entered into ancillary documentation with the syndicate of lenders under the MPI credit facility to extend the forbearance in exercising any remedies under the Credit Facility [...]
Mercator Minerals today announced its financial and operating results for the three month and nine month period ended September 30, 2013. For the third quarter 2013, the Company reported revenues of $49.4 million, an operating loss of $3.5 million before asset impairment charge*, a net loss of $151.9 million ($0.48 per share, basic), or an adjusted [...]
Mercator Minerals announces, further to the September 30, 2013 press release, the Company and its indirect wholly owned subsidiary, Mineral Park, have entered into amending and ancillary documentation with the syndicate of lenders under the MPI credit facility which facilitates the following amendments: MPI will have the right to withdraw up to [...]
Mercator Minerals announced today that it will release its third quarter 2013 financial and production results on November 14, 2013, after market hours. Mercator further announced that it will not be releasing updated production guidance while its review of strategic alternatives, announced on September 30, 2013, is ongoing.
Mercator announces that in light of the commodity price environment, capital market conditions and the challenges these pose for the Company, the board of directors has advanced and accelerated its ongoing process to review strategic alternatives. Its special committee of the board of directors (comprised of Robert J. Quinn, Stephen P. Quin and Ron [...]
Mercator announces today the appointment of Roman Friedrich III to the board of directors. Mr. Friedrich is the founder and president of Roman Friedrich & Company, a firm that provides investment banking and advisory services to the mining industry. Mr. Friedrich has been an investment banker and a commercial banker to the mining and metals [...]
Mercator today announced its financial results for the three months and six months ended June 30, 2013. During the second quarter 2013, the Company generated revenues of $64.2 million, cash flow from operations of $3.8 million, and net income of $8.8 million, or $0.03 per share. On an adjusted net earnings* basis, after adjusting for certain [...]
Mercator Minerals announces today that it has filed a National Instrument 43-101 compliant technical report in connection with the disclosure of updated mineral resource and mineral reserve estimates for the Mineral Park Mine under the Company's issuer profile on SEDAR. There are no material differences between the mineral reserve and mineral [...]
