Capstone Mining Reports Financial Results for Pivotal Year
February 20, 2014
Capstone Mining Corp. today announced its financial results for the year ended December 31, 2013. Capstone posted a net loss for 2013 of $9.4 million. Operating cash flow before changes in working capital was $85.5 million. Capstone ended the year with cash on hand of $104.0 million. Copper production for the year at Capstone’s three operating mines, Pinto Valley (82 days of ownership), Cozamin and Minto, totalled 113.8 million pounds of copper in concentrates and cathode (109.6 million pounds of payable copper) at a C1 cash cost(1) of $1.72 per payable pound of copper produced.
