Capstone Mining achieves record cash flow in Q1, becomes debt-free

Capstone Mining achieves record cash flow in Q1, becomes debt-free
Copper cathodes at Capstone’s Pinto Valley mine in Arizona. Image from Jetti Resources.
Capstone Mining (TSX: CS) ended Q1 2021 with a record operating cash flow of $95 million and zero long-term debt on its balance sheet, the strongest quarter in its 15-year history as a copper producer.
According to Capstone president and CEO Darren Pylot, the increased cash flow was generated by “excellent operating performance and cost containment in a higher copper price environment” that surpassed the company’s expectations.
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“We are now debt free and generating cash flow as a mid-cap company with a peer-leading 100% growth plan over the next three years,” Pylot said.

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