Capstone earns $127-million in Q1 2021
https://www.stockwatch.com/News/Item/Z-C!CS-3069463/C/CS
2021-04-27 17:27 ET - News Release
Mr. Darren Pylot reports
CAPSTONE ACHIEVED RECORD OPERATING CASH FLOW OF $95-MILLION IN Q1 2021 AND IS NOW DEBT FREE
Capstone Mining Corp. has released its production and financial results for the three months (Q1 2021) ended March 31, 2021. Copper production totalled 47.8-million pounds of copper at consolidated C1 cash costs (1) of $1.70 per payable pound produced. Capstone's Q1 2021 management's discussion and analysis (MD&A), and financial statements and webcast presentation are available on-line.
"Q1 2021 operating cash flow (2) of $95-million was the strongest in our 15-year history as a producer. Excellent operating performance and cost containment in a higher copper price environment surpassed our expectations," said Darren Pylot, president and chief executive officer of Capstone. "We are now debt free (3) and generating cash flow as a mid-cap company with a peer-leading, 100-per-cent growth plan over the next three years."
Raman Randhawa, senior vice-president and chief financial officer, added: "Capstone's robust balance sheet position plus strong operating cash flow generation enable us to advance multiple high-return projects like Eriez HydroFloat at Pinto Valley, paste backfill and dry stack tailings at Cozamin, and our transformational, fully permitted, greenfield project at Santo Domingo in Chile. We are on track to announce the Santo Domingo ownership structure and finance plan by mid-year."
https://www.stockwatch.com/News/Item/Z-C!CS-3069463/C/CS
2021-04-27 17:27 ET - News Release
Mr. Darren Pylot reports
CAPSTONE ACHIEVED RECORD OPERATING CASH FLOW OF $95-MILLION IN Q1 2021 AND IS NOW DEBT FREE
Capstone Mining Corp. has released its production and financial results for the three months (Q1 2021) ended March 31, 2021. Copper production totalled 47.8-million pounds of copper at consolidated C1 cash costs (1) of $1.70 per payable pound produced. Capstone's Q1 2021 management's discussion and analysis (MD&A), and financial statements and webcast presentation are available on-line.
"Q1 2021 operating cash flow (2) of $95-million was the strongest in our 15-year history as a producer. Excellent operating performance and cost containment in a higher copper price environment surpassed our expectations," said Darren Pylot, president and chief executive officer of Capstone. "We are now debt free (3) and generating cash flow as a mid-cap company with a peer-leading, 100-per-cent growth plan over the next three years."
Raman Randhawa, senior vice-president and chief financial officer, added: "Capstone's robust balance sheet position plus strong operating cash flow generation enable us to advance multiple high-return projects like Eriez HydroFloat at Pinto Valley, paste backfill and dry stack tailings at Cozamin, and our transformational, fully permitted, greenfield project at Santo Domingo in Chile. We are on track to announce the Santo Domingo ownership structure and finance plan by mid-year."