Capstone Mining Corp.(CSFFF)- OTCPK - Current
  • Sep. 9, 2015, 11:56 AM
    • Capstone Mining (OTCPK:CSFFF +3.9%) says it will halt work on its Santo Domingo copper-iron development project in Chile, scale back capital spending and reduce mine operating costs to preserve cash amid weak copper prices.
    • Capstone says it has cut planned spending at its operating mines by 13% to ~$119M, and expects to cut mine site operating costs by $20M through H2.
    • Full-year production guidance remains unchanged at 90K metric tons of copper, while cash costs have been reduced $0.05 to $1.95-$2.05/lb. to reflect spending cuts and operating efficiencies at two of its producing copper mines.
    | Sep. 9, 2015, 11:56 AM
Company Description
Capstone Mining Corp. is a Canadian base metals mining company, committed to the responsible development of our assets and the environments in which we operate. We are preferentially focused on copper, with two producing copper mines, the Cozamin copper-silver-zinc-lead mine located in Zacatecas... More
Industry: Electric Utilities
Country: Canada