8:15 AM ET, April 9, 2009 Mercator Announces First Silver Shipment and Production Update - CNW Group
Mercator Announces First Silver Shipment and Production Update
8:15 AM ET, April 9, 2009
VANCOUVER, April 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- Mercator Minerals Ltd. ("Mercator") is pleased to announce that it has made its first shipment of silver to Silver Wheaton (Caymans) Ltd., comprising over 11,000 ounces of silver. In March, 2008, a subsidiary of Mercator and Silver Wheaton (Caymans) Ltd., a subsidiary of Silver Wheaton Corp. entered into an agreement whereby, in exchange for an upfront payment of US$42 million, Mercator will transfer to Silver Wheaton (Caymans) Ltd. all the silver from the Mineral Park Mine In Arizona and Silver Wheaton (Caymans) Ltd. will pay Mercator's subsidiary, $3.90 per ounce for those ounces. This shipment represents the first delivery of silver ounces received from the concentrates from Mercator's Mineral Park Mine under that agreement.
Commodities - USD
| Contract |
Last |
Change |
% Change |
| Crude Oil |
51.45 |
+2.07 |
+4.19% |
| Gold |
883.30 |
-2.60 |
-0.29% |
| Natural Gas |
3.60 |
-0.03 |
-0.72% |
| Aluminum |
0.70 |
+0.02 |
+2.94% |
| Copper |
2.07 |
+0.07 |
+3.63% |
| Silver |
12.33 |
-0.01 |
N/A |
| 2:33 PM ET, April 9, 2009 |
