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Capstone Mining Third Quarter 2015 Financial Results

Wednesday, Oct 28, 2015
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Capstone Mining Corp.,today announced its financial results for the three and nine months ended September 30, 2015. Operating cash flow before changes in working capital (1) for the quarter was $9.2 million or $0.02 per share, with a net loss of $216.0 million and an adjusted net loss of $16.3 million after adjusting for certain non-cash and non-recurring charges. Copper production for the quarter totalled 22,109 tonnes (21,340 tonnes of payable copper) at a C1 cash cost (1) of $1.98 per payable pound produced with copper sales for the quarter of 24,645 tonnes at a C1 cash cost (1) of $2.16 per payable pound sold.

Capstone will hold a conference call and webcast on Wednesday, October 28, 2015 at 11:30 a.m. Eastern time (8:30 a.m. Pacific time) to discuss these results; call-in details and information on associated slides are provided at the end of this release. This release should be read in conjunction with Capstone's consolidated financial statements and management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2015, which are available on Capstone's website at http://capstonemining.com/investors/financial-reporting/default.aspx and on SEDAR. An updated corporate presentation, including results to September 30, 2015, in addition to the Q3 2015 webcast slides, will also be available at http://capstonemining.com/investors/events-and-presentations/default.aspx.

 

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