11:45 AM EST - Mercator Minerals Ltd. : reported that its second-quarter net income was $2.88 million U.S. or $0.01 U.S. per share, compares to a net loss of $4.40 million U.S. or $0.04 U.S. loss per share for the corresponding period in 2009. Adjusted net income, excluding one-time and non-cash items, for the second quarter was $18.97 million U.S. The Company generated consolidated revenues of $52.99 million U.S., an increase of approximately 249% over revenues in the second quarter of 2009, primarily as a result of higher copper and molybdenum sales and sales prices. Mercator Minerals Ltd.
shares T.ML are trading up $0.08 at $1.89.
