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)
Capstone reports 2020 operations beat with strong Q4 - Canadian Mining Journal
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Capstone reports 2020 operations beat with strong Q4
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Capstone Announces Closing of $150 Million Silver Stream Agreement with Wheaton Precious Metals; Achieves Net Cash Position
February 19, 2021 GMT
VANCOUVER, British Columbia (BUSINESS WIRE) Feb 19, 2021
Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that it has closed the previously announced Precious Metals Purchase Agreement (the “Stream Agreement”) with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp. (collectively, “Wheaton”). All conditions to complete the Stream Agreement have been fulfilled and Capstone has received $150 million from Wheaton for 50% of the silver production until 10 million ounces have been delivered, thereafter dropping to 33% of silver production, for the life of mine from the Company’s Cozamin Mine in Zacatecas, Mexico (“Cozamin”). Wheaton will make
(3)
(All amounts in US$ unless otherwise specified)
Capstone Mining Corp. ( Capstone or the Company ) (TSX:CS) is pleased to announce that it has closed the previously announced Precious Metals Purchase Agreement (the Stream Agreement ) with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp. (collectively, Wheaton ). All conditions to complete the Stream Agreement have been fulfilled and Capstone has received $150 million from Wheaton for 50% of the silver production until 10 million ounces have been delivered, thereafter dropping to 33% of silver production, for the life of mine from the Company s Cozamin Mine in Zacatecas, Mexico ( Cozamin ). Wheaton will make ongoing payments equal to 10% of the spot silver price at the time of delivery for each ounce delivered to them.