Capstone 2012 fourth quarter and full year production results meet guidance
Friday, Jan 11, 2013
VANCOUVER, Jan. 10, 2013 /PRNewswire/ -Capstone Mining Corp. ("Capstone") (TSX: CS) today announced the operating results for the three and twelve months ended December 31, 2012 of its two operating mines, Cozamin and Minto. Combined production totalled 19.7 and 82.8 million pounds of copper in concentrates in the fourth quarter and full year 2012, respectively, with additional by-products of zinc, silver, gold and lead.
"We achieved our 2012 production guidance of 80 million pounds ±5% of copper, with both mines performing as anticipated in the fourth quarter," said Darren Pylot, President and CEO of Capstone. "The flexibility of having two operating mines allowed Cozamin's strong performance to more than compensate for the shortfall experienced at Minto during 2012."
About Capstone Mining Corp.
Capstone Mining Corp. is a Canadian base metals mining company, preferentially focussed on copper, with two producing copper mines, the Cozamin copper-silver-zinc-lead mine located in Zacatecas State, Mexico and the Minto copper-gold-silver mine in Yukon, Canada. In addition, Capstone has two development projects, the large scale 70% owned Santo Domingo copper-iron-gold project in Chile in partnership with Korea Resources Corporation and the 100% owned Kutcho copper-zinc-gold-silver project in British Columbia, as well as exploration at properties in Canada, Chile, Mexico and Australia. Using its cash flow and strong balance sheet as a springboard, Capstone aims to grow organically through continued mineral resource and reserve expansions, exploration, and through acquisitions in politically stable, mining-friendly regions. Additional information is available at www.capstonemining.com.
SOURCE Capstone Mining Corp.