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.
Sign Up for the Copper Digest
Sign Up
“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.
Capstone Achieved Record Operating Cash Flow of $95 million in Q1 2021 and Is Now Debt Free
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Endeavour Silver Reports $19.9 Million Earnings in the Fourth Quarter, 2020 and $1.2 Million Earnings for the Full Year, 2020
investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
(All amounts in US$ unless otherwise specified)
VANCOUVER, British Columbia–(BUSINESS WIRE)–#arizona–Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) announces its production and financial results for the three months (“Q4 2020”) and year ended December 31, 2020 (“YTD 2020”). Copper production totaled 156.9 million pounds of copper at consolidated C1 cash costs
1 of $1.84 per payable pound produced. Link HERE for Capstone’s Q4 2020 management’s discussion and analysis (“MD&A”) and financial statements and HERE for the webcast presentation.
“Last quarter we saw outperformance at both operations delivering operating cash flow of $67 million, which marks the beginning of very strong financial metrics across the business, moving forward in this current $4.00 copper price environment,” said Darren Pylot, President and CEO of Capstone. “Now that the silver stream is closed, we are in a net cash position and are on track to be debt free in
Capstone Mining Corp.: Capstone Beats 2020 Production and Cost Guidance
(All amounts in US$ unless otherwise specified)
Capstone Mining Corp. ( Capstone or the Company ) (TSX:CS) announces its production and financial results for the three months ( Q4 2020 ) and year ended December 31, 2020 ( YTD 2020 ). Copper production totaled 156.9 million pounds of copper at consolidated C1 cash costs
1 of $1.84 per payable pound produced. Link HERE for Capstone s Q4 2020 management s discussion and analysis ( MD&A ) and financial statements and HERE for the webcast presentation.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210224005371/en/
Figure 1 Cozamin One-way Ramp Ready for Higher Mining Rates. Ramp-up of mill processing to 3,780 tpd by the end of Q1 2021 is on track. (Graphic: Business Wire)