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Mercator Minerals Ltd.

09:40 AM EST - Mercator Minerals Ltd. : reported a third-quarter net loss of $690,000 U.S. or $0.01 U.S. per share compared with a loss of $5.64 million U.S. or $0.08 U.S. loss per share in the previous year. Excluding non-cash items for accretion, amortization and stock based compensation, the company recorded adjusted earnings of $3.58 million U.S. during the quarter ended September 30, 2009, compared with a loss of $3.14 million U.S. during the corresponding period in 2008. Revenues from cathode copper and copper concentrate, sales molybdenum and silver for the three-month period amounted to $26.21 million U.S. compared with $8.89 million U.S. last year. Mercator Minerals Ltd. shares T.ML are trading even at $2.54.