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 > Too bad Chile Tax regime makes S. D. a no go.

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Comment by Cognition777on May 28, 2021 1:26pm

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Post# 33287003

RE:RE:Too bad Chile Tax regime makes S. D. a no go.

Copper miners in Chile currently pay a level 27% levy on pre-tax profits. That will change to sliding scale from 15% for copper sales from $2-2.50 on up to 75% tax levy on copper prices over $4.00.
CS was obviously pricing in the existing 27% levy, and possibly up to $3.50 copper price the sliding scale will make no difference... but the max levy sure digs into the potential of anticipated rising copper prices. Yikes!

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