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Additional information
Additional Information
Market: AIM
Sector: Gold Mining
Epic: MCR
News: Latest news
Web Site: Mercator Gold plc
Other Articles: 02-03-201019-02-201012-01-2010

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Thursday March 18, 09:06The drugs work: Biocompatibles sees further good sales growth ahead

After better-than-expected sales growth in the 2009 full year, the drug-eluting beads maker forecasts more growth this year while the Oncology Products Division revs up the pace of product trials.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Mercator Gold plc

Mercator Gold plc

Mercator Gold plc is a diversified mining investment company with quality assets and the capability to undertake significant, value accretive transactions. Mercator is dedicated to creating value for its shareholders through a process of finding value, adding value and realising value. In order to achieve this, Mercator is able to access a pipeline of projects sourced from its global network and utilises the expertise of its directors and advisers.

Mercator holds an exclusive option over the Copper Flat project, a porphyry copper-molybdenum-gold-silver deposit in the Las Animas mining district of New Mexico, United States and a former producing mine. It is believed that the Copper Flat project, which has significant infrastructure in place, could be brought back into production within a relatively short timeframe for a relatively low capital outlay.

CLICK HERE FOR FULL ANALYSIS OF MERCATOR GOLD PLC
Monday, October 13, 2008

Mercator Gold enters administration while it seeks refinancing

Shares in Mercator Gold (AIM: MCR) remained suspended after the company announced that it had voluntarily called in administrators while it attempts to refinance its gold exploration and mining operations in Meekatharra, Western Australia.  Mercator announced recently that it had entered discussions with Tulla Resources Group about a refinancing of the operation.
 
Today Mercator confirmed that the administrators planned to enter the company into a “Deed of Arrangement” under which it would have a six month moratorium from all creditors.  The administrators also plan to suspend all mining and milling activities at the mine site, including suspension of mining at the Surprise Pit.  As a result, the group’s hedging program was closed out by its bank.  

“Essential maintenance to the Bluebird mill will be carried out, and work will continue on the deviation of the Great Northern Highway to allow continued mining of the Surprise pit in the future. A re-estimation of the remaining reserves in the Bluebird pit will also take place,” the company added.

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