Mercator Announces Inclusion in S&P/TSX Composite Index
VANCOUVER, March 14 /CNW/ --
VANCOUVER, March 14 /CNW/ - Mercator Minerals Ltd. ('Mercator' or the 'Company') (TSX: ML) is pleased to announce that on
March 11, 2011 Standard & Poor's Canadian Index Operations announced
the addition of Mercator to the S&P/TSX Composite Index as a result of
its quarterly review. The addition will be effective at market open on
Monday, March 21, 2011.
'The addition of Mercator to the S&P/TSX Composite Index is a result of
the substantial increase in market capitalization of Mercator over the
past number of months,' said Michael Surratt, President and CEO.
'Inclusion in the index should encourage broader participation in
Mercator's shareholder register, particularly by index funds and
similar investment vehicles.'
About Mercator Minerals Ltd.
Mercator Minerals Ltd. is a TSX listed mining company with an
experienced management team that has brought the mill expansion at the
Mineral Park Mine, one of the largest and most modern copper-moly
mining-milling operations in North America, to production in less than
2 years. Mercator management is dedicated to maximizing profits at the
Mineral Park Mine and the development of the El Pilar copper project in
Mexico.
On Behalf of the Board of Directors
MERCATOR MINERALS LTD.
Per: 'Michael L. Surratt'
Michael L. Surratt
President
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Forward Looking Information
This press release contains certain forward-looking statements, which
include estimates, forecasts, and statements as to management's
expectations with respect to, among other things, the size and quality
of the Company's mineral reserves and mineral resources, future
production, capital and mine production costs, demand and market
outlook for commodities, and the financial results of the Company and
discussions of future plans, projections and objectives. In addition,
estimates of mineral reserves and resources may constitute forward
looking statements to the extent they involve estimates of the
mineralization that will be encountered if a property is developed.
These forward-looking statements involve numerous assumptions, risks
and uncertainties and actual results may vary. Factors that may cause
actual results to vary include, but are not limited to, certain
transactions, certain approvals, changes in commodity and power prices,
changes in interest and currency exchange rates, inaccurate geological
and metallurgical assumptions (including with respect to the size,
grade and recoverability of mineral reserves and resources),
unanticipated operational difficulties (including failure of plant,
equipment or processes to operate in accordance with specifications,
cost escalation, unavailability of materials and equipment, delays in
the receipt of government approvals, industrial disturbances or other
job action, and unanticipated events related to health, safety and
environmental matters), political risk, social unrest, and changes in
general economic conditions or conditions in the financial markets.
These risks are described in more detail in the Annual Information Form
of the Company. The Company does not assume the obligation to revise or
update these forward-looking statements after the date of this press
release or to revise them to reflect the occurrence of future
unanticipated events, except as may be required under applicable
securities laws. For a more complete discussion, please refer to the
Company's audited financial statements and MD&A for the year ended
December 31, 2009 on the SEDAR website at www.sedar.com.
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Marc LeBlanc, VP Corporate Development and Corporate Secretary, Tel: (604) 981-9661; Fax: (604) 960-9661; Email: mleblanc@mercatorminerals.com