Capstone targets 40% higher copper production

Bolstered by historically low treatment charges (TCs) for copper concentrates and a strong base price for the red metal, Canadian producer Capstone Mining aims to be debt-free in 2021 and to hit 200 million pounds of copper production in 2022.

Capstone - which operates the Cozamin mine in Zacatecas, Mexico, and the Pinto Valley mine in Arizona, in the United States - is aiming for 40% higher production with 15% lower costs by 2022, compared with last year's guidance, the company said.
Capstone's 2020 actual production finished above its guidance range of 140 million-155 million pounds, while its costs fell below the forecast $1.85-2.00 per lb of payable copper. The company will release its 2020 fourth quarter results on February 24.
In 2021, Capstone expects to produce between 175 million and 190 million pounds of copper at cash costs of $1.75-1.90 per lb payable copper produced.

"This is the first year of a multi-year growth phase for Capstone that will target 40% higher production with 15% lower costs by 2022, compared to last year's guidance," Capstone president and...

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