News

March 30, 2009

Capstone Mining Is In Growth Mode, And Has A Potential New Relationship With Silver Wheaton

By Our Canadian Correspondent

While many of the large and mid-sized base metal miners struggle with large debt loads and falling commodity prices, Canadian listed Capstone Mining is thriving thanks to some prudent hedging and successful mine expansions.

Capstone's Minto mine in the Yukon and its Cozamin mine in Mexico produced 74.1 million pounds of copper in concentrates in 2008 and more importantly successfully completed expansions on both high-grade copper operations. That means that Capstone can now focus on cashing in on those expansions by producing 95 million to 105 million pounds of copper contained in concentrates in 2009 at total cash costs of approximately US$1.00 per pound. Not bad, especially once you consider that Capstone’s cash...