Capstone Copper Corp
TSX:CS

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Capstone Copper Corp
TSX:CS
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Price: 13.345 CAD -0.41% Market Closed
Market Cap: 10.2B CAD

Capstone Copper Corp
Investor Relations

Capstone Copper Corp emerges as a significant player in the mining industry, rooted in its focus on the production of copper, a metal paramount to global infrastructure and technological advancement. With its operations stretched across multiple sites in North and South America, Capstone is involved in the extraction, processing, and sale of copper concentrate. Each mining site, such as the Pinto Valley in Arizona and Cozamin in Mexico, is a machinery of efficiency, transforming earth's raw potential into economic gain. The company’s vertical integration allows for close control over its production chain, ensuring higher margins by moving swiftly from extraction to refined copper. In producing large quantities of copper concentrate, Capstone Copper is tapping into the steady and growing demand driven by sectors like construction, electronics, and renewable energy.

The financial health of Capstone rides on its operational efficiency and market standing, with revenue streams primarily flowing from the sale of copper concentrate to international buyers. Amidst fluctuating global copper prices, Capstone Copper focuses on maintaining cost-effective operations, leveraging technology, and sustainable practices to maximize output and optimize investment. The company’s strategic pursuits also encompass exploring new mines and expanding existing capacities to meet future demands in a copper-deficit market. Through prudent capital management and adaptation to market dynamics, Capstone positions itself to not only capture economic value from the rich copper deposits but also to contribute significantly to the modern era’s industrial and technological transformation.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Record Revenue: Capstone Copper reported record Q3 revenue of $598.4 million, driven by strong copper production and favorable commodity prices.

Cost Control: C1 cash cost dropped to $2.42 per pound, marking the third consecutive quarter of lower costs.

Strong Margins & EBITDA: Gross margins reached $2.07 per pound (46%), and adjusted EBITDA set another record at $249.2 million, up 106% year-over-year.

Guidance Maintained: Production and cost guidance for 2025 are reiterated, with copper production expected at the lower end of the range and costs at the upper end.

Mantoverde Update: Mantoverde faced downtime from motor failures but achieved record recoveries; construction on the Mantoverde Optimize project has begun.

Santo Domingo JV: Capstone entered a joint venture with Orion Resource Partners for its Santo Domingo project, securing up to $360 million and a buyback option.

Liquidity & Deleveraging: Liquidity exceeded $1 billion, and net debt-to-EBITDA fell to 0.9x, beating the company’s target.

Operational Outlook: Management expects a strong finish to 2025 and is preparing for further growth in 2026, with several expansion and exploration initiatives underway.

Key Financials
Revenue
$598.4 million
Copper Production
55,300 tonnes
C1 Cash Cost
$2.42 per pound
Gross Margin
$2.07 per pound (46%)
Adjusted EBITDA
$249.2 million
Operating Cash Flow (before working capital)
$231.2 million
Net Operating Cash Flow
$153.4 million
Adjusted Net Income Attributable to Shareholders
$49.4 million
Earnings Per Share
$0.06 per share
Liquidity
greater than $1 billion
Net Debt
$726 million
Net Debt-to-EBITDA Ratio
0.9x
Mantoverde Copper Production
23,769 tonnes
Mantoverde C1 Cash Cost
$2.27 per pound
Mantoverde Recovery
85.8%
Mantos Blancos Production
15,417 tonnes
Mantos Blancos C1 Cash Cost
$2.24 per pound
Pinto Valley Production
9,949 tonnes
Cozamin Production
6,145 tonnes
Cozamin C1 Cash Cost
$1.51 per pound
Earnings Call Recording
Other Earnings Calls

Management

Mr. Darren M. Pylot
Executive Chair
No Bio Available
Mr. John Fraser MacKenzie M.Sc Eng, MBL
CEO & Director
No Bio Available
Mr. Cashel Aran Meagher P. Eng., P.Geo.
President & COO
No Bio Available
Mr. Ramanpreet S. Randhawa
CFO & Senior VP
No Bio Available
Ms. Wendy A. King
Senior VP of Risk & ESG, General Counsel and Corporate Secretary
No Bio Available
Mr. Peter Amelunxen
Senior Vice President of Technical Services
No Bio Available
Daniel Sampieri
Head of Investor Relations & Strategic Analysis
No Bio Available
Mr. Chris H. Richter
Senior Vice President of Corporate Development
No Bio Available
Whitney Buhlin
Director of Human Resources
No Bio Available
Mr. James Whittaker
Senior VP & Head of Chile
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
2100 - 510 West Georgia Street
Contacts
+16046848894.0
capstonemining.com