Capstone Copper Corp T.CS

Alternate Symbol(s): CSCCF

Metals & Mining Copper

Capstone Copper Corp. is a copper producer operating in the Americas. It is engaged in the production of and exploration of base metals in the United States (US), Mexico, and Chile, with a focus on copper. The Company, through a wholly owned Chilean subsidiary, Mantos Copper S.A., owns and operates the Mantos Blancos mine, located 45 kilometers (km) northeast of Antofagasta, Chile and the 70%-owned Mantoverde mine, through a subsidiary, Mantoverde S.A., located 50 km southeast of Chanaral, Chile. It owns and operates the Pinto Valley mine located in Arizona, US, Cozamin mine located in Zacatecas, Mexico, and has a portfolio of exploration properties in Mexico. It also holds the fully permitted Santo Domingo copper-iron-gold-cobalt development project in the Atacama region of Chile, 35km northeast of Mantoverde. Through Compania Minera Sierra Norte S.A., it owns 100% of Sierra Norte, an iron oxide copper gold deposit located in Chile's Atacama Region, that spans over 7,000 hectares.

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Capstone Copper Corp > Canaccord first thoughts.... makin it rain

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Post by Evrytingisawsumon Apr 28, 2021 8:06am

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Post# 33080901

Canaccord first thoughts.... makin it rain

What's new? CS reported its Q1/21 results.

Our take: An outstanding quarter on all fronts, highlighted by Pinto Valley. The asset delivered the best operating quarter we have seen from it in a long time, with record quarterly throughput, higher than expected grades, and C1 costs below $2.00/lb for the first time since Q1/19 (see Figure 2). Cozamin also delivered a strong operating performance; the net result was record operating cash flow in the current elevated copper price environment. We note that CS met or exceeded the high end of consensus estimates on every metric. All outstanding debt on the RCF has been repaid, and CS now goes forward with no debt for the first time since Q3 2013.

We present the company's financial and operating results vs. our estimates and history in Figures 1-3.

Capstone Mining Corp.

Base Metals - Producer | Flash Update

Q1 first look - makin' it rain