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Mercator Minerals Increases Average Mill Throughput Rates at Mineral Park; Shares Gain 3%

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Mercator Minerals Ltd. (ML.TO) provided an update on on-going recent activities at its wholly-owned Mineral Park Mine.

Average mill throughput rates have recently increased due to the optimization of the internal configuration of the two SAG mills and the changing of the pebble handling processes by feeding a higher proportion of the recycled pebbles directly into the four ball mills.

Recent changes to the grinding circuit have resulted in sustained throughput increases of approximately 20% to average 54,700 tons per day.

ML was up 3% to $0.345, trading slightly above 52-week low 32 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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