Skip to content
Agriculture Farming Rural

Capstone Copper Files Technical Report for Mantoverde Optimized Project

Capstone Copper Corp. 4 mins read
VANCOUVER, British Columbia--BUSINESS WIRE--

Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) (ASX:CSC) has today filed on SEDAR+ a National Instrument 43-101 (“NI 43-101”) compliant technical report (the “Report”) titled “Mantoverde Mine, NI 43-101 Technical Report and Feasibility Study, Atacama Region, Chile” for its Mantoverde Optimized brownfield expansion project announced on October 1, 2024. The Report was prepared by Capstone with assistance from Ausenco Engineering Canada ULC, and was reviewed and approved by Peter Amelunxen, P.Eng., a “qualified person” for the purposes of NI 43-101. The effective date of the Report is July 1, 2024.

The Technical Report was prepared in accordance with Canadian Securities Administrator’s NI 43-101 Standards of Disclosure for Mineral Projects; and is available under the Company’s profile on SEDAR+ at www.sedarplus.ca and the Company’s web site at www.capstonecopper.com.

About Capstone Copper Corp.

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. We own and operate the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and 70% of the Mantoverde copper-gold mine, located in the Atacama region, Chile. In addition, we own the fully permitted Santo Domingo copper-iron-gold project, located approximately 30 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.

Capstone Copper’s strategy is to unlock transformational copper production growth while executing on cost and operational improvements through innovation, optimization and safe and responsible production throughout our portfolio of assets. We focus on profitability and disciplined capital allocation to surface stakeholder value. We are committed to creating a positive impact in the lives of our people and local communities, while delivering compelling returns to investors by responsibly producing copper to meet the world’s growing needs.

Further information is available at www.capstonecopper.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This document may contain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.

Forward-looking statements include, but are not limited to, statements with respect to the estimation of Mineral Resources and Mineral Reserves, the success of the underground paste backfill and tailings filtration projects at Cozamin, the timing and cost of the Mantoverde Development Project ("MVDP"), the timing and results of the Optimized Mantoverde Development Project ("MV Optimized FS") and Mantoverde Phase II study, the timing and results of PV District Growth Study (as defined below), the timing and results of Mantos Blancos Phase II Feasibility Study, the timing and success of the Mantoverde - Santo Domingo Cobalt Feasibility Study, the timing and results of the Santo Domingo FS Update and success of incorporating synergies previously identified in the Mantoverde - Santo Domingo District Integration Plan, the timing and results of exploration and potential opportunities at Sierra Norte, the realization of Mineral Reserve estimates, the timing and amount of estimated future production, the costs of production and capital expenditures and reclamation, the timing and costs of the Minto obligations and other obligations related to the closure of the Minto Mine, the budgets for exploration at Cozamin, Santo Domingo, Pinto Valley, Mantos Blancos, Mantoverde, and other exploration projects, the timing and success of the Copper Cities project, the success of our mining operations, the continuing success of mineral exploration, the estimations for potential quantities and grade of inferred resources and exploration targets, our ability to fund future exploration activities, our ability to finance the Santo Domingo development project, environmental and geotechnical risks, unanticipated reclamation expenses and title disputes, the success of the synergies and catalysts related to prior transactions, in particular but not limited to, the potential synergies with Mantoverde and Santo Domingo, the anticipated future production, costs of production, including the cost of sulphuric acid and oil and other fuel, capital expenditures and reclamation of Company’s operations and development projects, our estimates of available liquidity, and the risks included in our continuous disclosure filings on SEDAR+ at www.sedarplus.ca. The impact of global events such as pandemics, geopolitical conflict, or other events, to Capstone is dependent on a number of factors outside of our control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of diseases, global economic uncertainties and outlook due to widespread diseases or geopolitical events or conflicts, supply chain delays resulting in lack of availability of supplies, goods and equipment, and evolving restrictions relating to mining activities and to travel in certain jurisdictions in which we operate. In certain cases, forward-looking statements can be identified by the use of words such as “anticipates”, “approximately”, “believes”, “budget”, “estimates”, “expects”, “forecasts”, “guidance”, “intends”, “plans”, “scheduled”, “target”, or variations of such words and phrases, or statements that certain actions, events or results “be achieved”, “could”, “may”, “might”, “occur”, “should”, “will be taken” or “would” or the negative of these terms or comparable terminology.

Non-GAAP and Other Performance Measures

The Company uses certain performance measures in its analysis. "C1 Cash Costs" and "Total Project Operating Cost" are Non-GAAP performance measures. These Non-GAAP performance measures are included in this document because these statistics are key performance measures that management uses to monitor performance, to assess how the Company is performing, and to plan and assess the overall effectiveness and efficiency of mining operations. These performance measures do not have a standard meaning within IFRS and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.


Contact details:

Daniel Sampieri, Director, Investor Relations & Strategic Analysis
437-788-1767
dsampieri@capstonecopper.com

Michael Slifirski, Director, Investor Relations, APAC Region
61-412-251-818
mslifirski@capstonecopper.com

Media

More from this category

  • Agriculture Farming Rural, Environment
  • 07/12/2024
  • 11:48
Friends of the Earth Australia

Are Biosolids and Compost a Source of PFAS Pollution in the Belabula River?

In early 2024, farmers living in proximity to the Belabula River in New South Wales (part of the Lachlan River catchment inWiradyuricountry), reported foam containing PFAS along a stretch of the river. Local residents collected samples of the foam and subsequent analysis found that the foam was detected at 1800 times the safe drinking water limit and 4000 times the 99% ecological trigger level. The pollution was reported by the ABC in August 2024 with the NSW EPA starting an investigation a few months earlier. The pollution is a major environmental headache. Could the same scenario occur in other rivers…

  • Agriculture Farming Rural
  • 06/12/2024
  • 23:10
Newmont

Newmont Announces Agreement to Divest CC&V for up to $275 Million

Divestitures Announced to Date to Generate up to $3.9 Billion in Gross Proceeds DENVER–BUSINESS WIRE– Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX:…

  • Contains:
  • Agriculture Farming Rural, Information Technology
  • 05/12/2024
  • 13:55
La Trobe University

AI supercharges smart irrigation for farms

A smart irrigation system powered by artificial intelligence will tell sugarcane farmers when and where to water their crops in an advance that could one day revolutionise agriculture – and help preserve the health of the Great Barrier Reef. Developed by Victoria’s La Trobe University for far-north Queensland ag-tech company Aglantis, the intelligent irrigation system uses the Internet of Things to automate water pump management and monitor sunlight, temperature and humidity levels without human interaction. The system was initially conceived as a project to improve land management and prevent fertiliser run-off from farms into the Great Barrier Reef, but with…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.