Future looking bright...they keep Killin itVANCOUVER, July 30, 2019 /CNW/ - Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) announced its production and financial results for the three and six months ended June 30, 2019 ("Q2 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 HIGHLIGHTS AND SIGNIFICANT ITEMS Pinto Valley had a strong second quarter with production of 29.0 million pounds of contained copper. Higher mine productivity allowed for mining of higher grades than expected in the quarter. Metallurgical recoveries also improved to 87%. Cozamin growth plan. Development of the one-way ramp system is on schedule for completion by the end of 2020, which is expected to increase copper output by 30% to between 40 to 45 million pounds per annum. In addition, Cozamin initiated a large in-fill definition drilling program during the quarter that will target resource to reserve conversion to support a doubling of Cozamin's mine life. Immediate elimination of ongoing care and maintenance costs at Minto mine, which was sold during the quarter for up to $20 million. See news release dated $5 million from no longer having Minto mine on care and maintenance. $1 million from future interest costs savings due to an amendment on the RCF interest pricing grid. Actions completed to date amount to sustainable annualized savings of approximately $20 million. This total includes the corporate office restructuring, Minto disposition and interest cost savings, and $10 million of savings achieved to date at Pinto Valley, primarily consisting of manpower and contractor savings as a result of the 2018 collective bargaining agreement ($6 million) and improved power pricing ($1.5 million). Pinto Valley Expansion Study: PV4 Preliminary work continued in the quarter to evaluate potential expansion scenarios at Pinto Valley to take advantage of nearly one billion tonnes of resources not currently in reserves, broadly herein referred to as "PV4". During the second half of 2019, PV4 activities will be focused on further refining estimates and evaluating alternative infrastructure options, largely surrounding tailings and water. It is anticipated that Capstone will complete the necessary studies to select a preferred expansion alternative by the end of the year. Cozamin Growth Plan Development work on the one-way ramp system continues to be on-schedule for completion by the end of 2020, increasing copper output by 30% to between 40 to 45 million pounds of copper per annum. In addition, Cozamin initiated a large in-fill definition drilling program that will target resource to reserve conversion to define additional reserves to support a doubling of Cozamin's mine life. The drilling to be completed in 2019 does not impact Cozamin's exploration expenditure guidance. Santo Domingo Project Progress On