|
Capstone Mining Corp. is a publicly traded Canadian mining company with a primary focus to operate, expand and explore the company's two producing Copper mines; the 100% owned Cozamin copper-silver-zinc-lead mine located in Zacatecas State, Mexico and the 100% owned Minto copper-gold mine in the Yukon, Canada.
Capstone is included in the S&P/TSX Global Mining Index.
Highlights
-
Building a mid-tier copper producer focused in the Americas
-
Two operating copper mines - forecast to produce up to 105M lbs of copper in 2009
-
High grade & low cost - forecast total cash costs of ~ US $1.00/lb this year
-
Significant by-products of gold, silver, lead & zinc
-
Additional high grade copper development project - Kutcho (British Columbia)
-
Track record of expanding resources and production
-
Organic growth potential - Significant resource growth supporting staged mill expansions at the Cozamin mine (Mexico) & the Minto mine (Yukon)
- Strong cash flow from production supported by robust hedge book
-
Financial strength to support M&A transactions
-
Significant Holding in Silver Wheaton
-
Strong management team with a proven ability to deliver
2009 Production Forecast*
|
|
Cozamin |
Minto |
Total |
|
Tonnes milled |
1.0 |
1.0 |
2.0 |
|
|
|
|
|
|
Copper Grade (%) |
2.0% |
3.1% |
2.6% |
|
Copper Recovery (%) |
91% |
93% |
92% |
|
Contained Copper (M Lbs) |
35 to 40 |
60 to 65 |
95 to 105 |
|
Forecast Total Cast Costs ** |
US $1.00 |
US $1.00 |
US $1.00 |
*All numbers are approximates
**These are non-GAAP performance measures and readers should refer to notes on non-GAAP measures in the Company's Management Discussion & Analysis for the three and nine month periods ended September 30, 2008 as filed on Sedar for further details
|
