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Capstone Copper Corp T.CS

Alternate Symbol(s):  CSCCF

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.


TSX:CS - Post by User

Post by mingzhuon Sep 23, 2022 8:50am
331 Views
Post# 34981247

copper down sharply

copper down sharply

"Copper futures weakened past $3.40 per pound in September, the lowest in two months, weighed down by aggressive monetary tightening around the world that stoked fears of a global recession and dampened metals demand. The US Federal Reserve led the charge with its third straight 75 basis point rate hike to bring down inflation, along with increases by the Bank of England and the Swiss National Bank, among others. Economic uncertainties in top metals consumer China also weighed on sentiment after Nomura and Goldman Sachs lowered their growth forecasts for the country, citing expectations that its strict zero-Covid strategy would extend well into next year. "

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