This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Capstone Mining 2014 Operating And Capital Guidance

VANCOUVER, British Columbia, January 16, 2014 /PRNewswire/ --

Guidance for Cozamin and Minto, Development Projects and Exploration

(All amounts in US$ unless otherwise specified)

Capstone Mining Corp. ("Capstone") (TSX: CS) today provided its production and capital expenditure guidance for 2014 for two of its three operating mines, Cozamin and Minto, and its development and exploration projects. Capstone expects to produce 38,500 tonnes (±5%) of copper in concentrates from Cozamin and Minto, slightly higher than 2013 production of 37,500 tonnes.

"The mine plans at Cozamin and Minto in 2014 call for a similar production level to last year," said Darren Pylot, President and CEO of Capstone. "Our focus for 2014 will be on cost efficiencies at all of our operations, including Pinto Valley, for which guidance will be provided before the end of the first quarter."

"On the development side, we are advancing the Santo Domingo Project under a stage-gate decision process, where we are continuing to move the project forward to each decision point. In 2014 we will advance the engineering and work towards the Environmental Impact Assessment approval by early 2015," continued Mr. Pylot.

2014 Production Guidance - Cozamin and Minto


                                                Cozamin         Minto        Total
    Tonnes milled (millions)                        1.2           1.4          2.6
    Copper grade (%)                               1.85          1.49         1.66
    Copper recovery (%)                            93.4          92.4         93.0

    Production (contained in concentrates)
    Copper (tonnes)                              20,000        18,500       38,500
    Zinc (tonnes)                                 9,000             -        9,000
    Lead (tonnes)                                 1,700             -        1,700
    Silver (million ounces)                         1.6           0.2          1.8
    Gold (ounces)                                     -        17,670       17,670

    C1 cash costs per pound of payable
    copper produced net of by-product
    credits and selling costs[(1)]         $1.30 -$1.40 $2.45 - $2.55  $1.85-$1.95

(1) This is an alternative performance measure; please see "Alternative Performance Measure" at the end of this release. C1 cash cost per pound is per pound of payable copper produced. All amounts in US$ unless otherwise specified.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs