Capstone Mining Produces 44,800 Tonnes of Copper in First-Half 2015, Down 10,500 Tonnes from Year Earlier

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Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's Capstone Mining Corporation (Vancouver, British Columbia) reports it produced 44,800 tonnes of copper in the first half of the year, compared with 55,300 tonnes that it reported in the first half of 2014. Industrial Info is tracking seven Capstone Mining projects, with a total investment value of $2.16 billion.

The company's three producing mines include the Pinto Valley copper mine, located in Arizona; the Cozamin copper-silver mine in Zacatecas State, Mexico; and the Minto copper mine in Yukon, Canada.

Capstone Chief Executive Officer Darren Pylot said in a press statement he was pleased with results of operational improvements at the Pinto Valley operation: "In total, second-quarter production met our expectations, which called for lower grade at Pinto Valley."

The Pinto Valley operation produced 30,100 tonnes in first-half 2015. Pinto Valley's second-quarter mill throughput improved 7% over the first quarter, and has averaged more than 50,000 tonnes per day so far in July, the company reported.

Industrial Info is tracking two active Pinto Valley mine and mill extension projects, worth a combined $213 million.

The Cozamin Mine in Mexico produced 6,500 tonnes of copper in first-half 2015, while the Minto mine in Yukon produced 8,200 tonnes. Cozamin's grade, throughput and recoveries were lower than planned for the second quarter, but Minto's production exceeded guidance.

Capstone maintained its 2015 production guidance of 90,000 tonnes, compared with 104,800 tonnes of actual production in 2014, but added production at each of the mines would differ from the original guidance plan.

Capstone's copper development projects include the large-scale, 70%-owned copper-iron Santo Domingo project in Chile, in partnership with Korea Resources Corporation (Seoul, South Korea).

Industrial Info is tracking four Capstone projects in Chile, which are valued at $1.8 billion, all of which are in the planning stages.

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