Capstone Mining Corp. will be hosting a group of analysts for a site visit to the Company's Pinto Valley mine in Arizona and Cozamin mine in Zacatecas. Presentation materials for the for two-day visit starting on October 1, 2019 can be found on the Company's website at https://capstonemining.com/investors/events-and-presentations. Pinto Valley is Capstone's flagship mine and is expected to produce 115 to 125 million [...]
Capstone Mining Corp. announced its production and financial results for the three and six months ended June 30, 2019 . Total copper production from continuing operations for Q2 2019 totaled 37.7 million pounds of copper at a consolidated C1 cash cost1 of $1.78 per pound, with operating cash flow of $30.3 million. For full financial and operational results, refer to Capstone's Q2 2019 Management's Discussion and Analysis [...]
Capstone Mining Corp. announced that it has extended and amended its US$300 million corporate revolving credit facility to July 25, 2022, with Canadian Imperial Bank of Commerce and Bank of Nova Scotia . The amended RCF has removed the 50-basis point increase in the pricing grid which was meant to be effective April 19, 2019; the rate will remain at LIBOR plus 2.75% based on the current net debt to EBITDA ratio . In [...]
Capstone Mining Corp. will release its 2019 second quarter results on Tuesday, July 30, 2019 after market close, followed by an investor conference call to be held on Wednesday, July 31, 2019 at 11:30 am . Conference Call and Webcast Details Date: Wednesday, July 31, 2019 Time: 11:30 am Eastern Time Dial in: North America: 1-888-390-0546, International: +416-764-8688 Webcast [...]
Capstone Mining Corp. reported that operations have restarted at its Pinto Valley mine . Since announcing the temporary curtailment of operations on June 20th, advancements by fire crews have now allowed for operations to safely restart. At over 96,000 acres, the Woodbury Fire remains a serious concern and the Southwest Area Incident Management Team continues to conduct operations in the area of Pinto Valley. We remain [...]
Capstone Mining Corp. reported that the Woodbury Fire wildfire in Arizona is nearing the westernmost property boundary of its Pinto Valley mine . At the time of this release, there has been no physical impact to infrastructure or operations at the Mine. However, for the health and safety of our people the decision has been made to curtail non-essential activities at the Mine. "The Pinto Valley team have been focused on [...]
Capstone Mining Corp. announced it has entered into a definitive share purchase agreement to sell its 100% interest in the Minto mine to Pembridge Resources PLC . Under the terms of the Agreement, Capstone will receive up to US$20 million in cash , in staged payments. The Transaction closed simultaneously with the signing of the Agreement and is effective immediately. "The sale of the Minto mine is very good news all [...]
Capstone Mining Corp. announced the voting results from its 2019 Annual General Meeting held April 25, 2019 in Vancouver, British Columbia. A total of 229,082,127 common shares were voted at the meeting, representing 57.33% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the meeting, as follows: Number of Directors % For % Against Number of Directors to [...]
Capstone Mining Corp. announced its production and financial results for the three months ended March 31, 2019. Total production from continuing operations for Q1 2019 totaled 41.4 million pounds of copper at a consolidated C1 cash cost1 of $1.56 per pound, representing a 20% increase in production and 20% reduction in costs versus the same period last year. Q1 2019 net income was $8.3 million, adjusted EBITDA from [...]
Capstone Mining Corp. will release its first quarter 2019 financial results on Wednesday, April 24, 2019 after market close, followed by an investor conference call to be held on Thursday, April 25, 2019 at 11:30 am . Capstone will no longer be pre-releasing production results on a quarterly basis. Conference Call and Webcast Details Date: Thursday, April 25, 2019 Time: 11:30 am Eastern Time Dial in: North America [...]
Capstone Mining Corp. announced that management will be attending the BMO 28th Global Metals & Mining Conference in Hollywood, Florida. Darren Pylot, President & CEO will be presenting on Wednesday, February 27, 2019. Capstone's most recent corporate presentation is available at: http://capstonemining.com/investors/events-and-presentations/default.aspx. About Capstone Mining Corp. Capstone Mining Corp. is a Canadian base [...]
Capstone Mining Corp. announced its financial results for the three months and year ended December 31, 2018. Cash flow from operating activities for the quarter was $54.2 million or $0.14 per share and $131.1 million or $0.34 per share for the full year. "Operational performance at our mines steadily improved as the year progressed, with increased production as well as reduced costs quarter-over-quarter," said Darren [...]