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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)
Press release content from Business Wire. The AP news staff was not involved in its creation.
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 $150 million from Wheaton for 50% of the silver production until 10 million ounces have been delivered, thereafter dropping to 33% of silver production, for the life of mine from the Company s Cozamin Mine in Zacatecas, Mexico ( Cozamin ). Wheaton will make ongoing payments equal to 10% of the spot silver price at the time of delivery for each ounce delivered to them.
(2) (All amounts in US$ unless otherwise specified)
Capstone Mining Corp. ( Capstone or the Company ) (TSX:CS) 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 (g/t) 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 million pounds of copper and 16.0 million ounces of silver over the next 10 years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210127005944/en/