Capstone Mining Corp. is saddened to report that a fatal accident occurred at its Cozamin mine in Mexico on March 7, 2021. The isolated incident occurred underground and involved one of our contractor's employees. The contractor was pinned by a rockfall from the drill face. He was treated quickly by the Site Emergency Response Team and then transported to Zacatecas Hospital where he passed away. No other employees or [...]
Capstone Mining Corp. announces its production and financial results for the three months and year ended December 31, 2020. Copper production totaled 156.9 million pounds of copper at consolidated C1 cash costs1 of $1.84 per payable pound produced. Link HERE for Capstone's Q4 2020 management's discussion and analysis and financial statements and HERE for the webcast presentation. This press release features multimedia [...]
Capstone Mining Corp. announces an updated Technical Report for its Cozamin Mine in Zacatecas, Mexico and extends mine life to 2031. Mineral Reserves increased by 39% to 14.1 million tonnes grading 1.77% copper and 44.4 grams per tonne silver and Indicated and Inferred Mineral Resources increased by 10% to 29.7 million tonnes grading 1.52% copper and 44 g/t silver. The new reserve mine plan is projected to produce 512 [...]
Capstone Mining Corp. provides a corporate update including 2021 production and capital guidance, project and exploration updates and executive leadership announcements. Capstone’s 2020 actual production finished above the highest end of the 140 to 155 million pounds guidance range and actual costs below the bottom end of $1.85 to $2.00 per pound of payable copper. The Company will further expand on 2020 results when it [...]
Capstone Mining Corp. is pleased to announce that it has, through a wholly-owned subsidiary, entered into a definitive Precious Metals Purchase Agreement with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp. . Wheaton will pay an upfront cash consideration of $150 million upon closing for 50% of the silver production until 10 million ounces have been delivered [...]
Capstone Mining Corp. announces its production and financial results for the three and nine months ended September 30, 2020. Strong copper production totaled 38.5 million pounds of copper, despite planned downtime at Pinto Valley to complete the majority of PV3 Optimization Phase 1 upgrades, at consolidated C1 cash costs1 of $1.82 per payable pound produced. Link HERE for Capstone’s Q3 2020 management’s discussion and [...]
Capstone Mining Corp. has today filed on SEDAR a National Instrument 43-101 compliant technical report titled “NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico” for the updated Proven and Probable Mineral Reserves and positive results announced on September 9, 2020. The Technical Report was prepared in accordance with the Canadian Securities Administrator’s NI 43-101-Standards of Disclosure for Mineral [...]
Capstone Mining Corp. will release its 2020 third quarter results on Wednesday, October 28, 2020 before market open, followed by an investor conference call and webcast at 11:30 am . Link to the webcast and audio: https://produceredition.webcasts.com/starthere.jsp?ei=1381418&tp_key=8587deb61f Dial-in numbers for the audio-only portion of the conference call are below. Due to an increase in call volume, please dial-in at [...]
Capstone Mining Corp. announces its 70% owned subsidiary Minera Santo Domingo has entered into a memorandum of understanding with Puerto Abierto S.A. a wholly owned subsidiary of Puerto Ventanas S.A. for Capstone’s Santo Domingo project in Region III, Chile . During a 90 day period, both MSD and PASA will together explore mutual synergies and regional benefits for the proposed port component of the Santo Domingo Project [...]
Capstone Mining Corp. announces updated Proven and Probable Mineral Reserves and positive results of an updated Technical Report for its Cozamin Mine in Zacatecas, Mexico. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200909005994/en/ Figure 1. Cozamin's MNFWZ Vein 20 Indicated Mineral Resource with Updated LOMP Stopes and Pillars. A PFS to assess the [...]
Capstone Mining Corp. announces its production and financial results for the three and six months ended June 30, 2020. Strong copper production totaled 38.5 million pounds of copper despite COVID-19 related production limitations at Cozamin, at consolidated C1 cash costs1 of $1.87 per payable pound produced, 9% lower than Q1 2020. Link HERE for Capstone’s Q2 2020 management’s discussion and analysis and financial [...]
Capstone Mining Corp. announces that its Pinto Valley mine has successfully demonstrated positive economics from enhanced dump leach performance by partnering with Jetti Resources, LLC to apply their novel patented catalytic technology at Pinto Valley’s existing dump leach operation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200727005208/en/ Figure 1: Low [...]
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