Capstone Copper

[Numalfix]

About us

"Capstone Copper is a premier copper producer operating innovatively in the Americas. From exploration to mine development to operations, we are focused on creating growth and generating value for our investors, employees and communities as we meet the surging global copper demand."

Stock information

On March 23, 2022, Capstone Mining and Mantos Copper completed the business combination announced on November 30th, 2021. The resulting company was renamed Capstone Copper Corp. (“Capstone Copper”, or “Capstone”). Capstone’s shares continue to be listed on the Toronto Stock Exchange under the ticker symbol “CS”.

https://capstonecopper.com/investors/

Einige Fakten




Präsentation: Corporate Update May 2023
https://s3.amazonaws.com/b2icontent.irpass.cc/2801/190411.pd…

Finanzen
Net Loss im 1 Quartal, aber positiver Cash Flow und niedrige Produktionskosten, Turnaroudkandidat

Auszug
"Q1 2023 OPERATIONAL AND FINANCIAL HIGHLIGHTS

Net loss of $29.0 million, or $(0.03) per share for Q1 2023. Adjusted net income1 of $8.5 million, or $0.02 per share for Q1 2023. Q1 2023 results are lower compared to the same quarter last year due to a lower realized copper price, inflationary pressure on costs, and an inventory build-up due to a sales lag in the availability of ocean going vessels for cathode shipments which totaled 2.4 thousand tonnes of copper. Given the strengthening Chilean peso, net income includes a realized foreign exchange loss of $8.5 million.
Adjusted EBITDA1 of $65.3 million for Q1 2023 compared to $123.4 million for Q1 2022. The decrease in Adjusted EBITDA1 is driven by a lower realized copper price, a sales lag and inflationary pressure on costs, and realized foreign exchange loss of $8.5 million and realized derivative loss of $8.4 million.
Operating cash flow before changes in working capital of $41.7 million in Q1 2023 compared to $70.4 million in Q1 2022.
Consolidated copper production for Q1 2023 of 40.7 thousand tonnes at C1 cash costs1 of $2.96. Copper production was lower than expected in the first quarter due to unfavorable weather at Pinto Valley and maintenance downtime at Mantos Blancos focused on increasing mill throughput which translated into higher consolidated cash costs.
The Company reiterates the 2023 guidance of 170-190kt of copper production at $2.50-$2.70 per pound, along with capital guidance (including capitalized stripping) of $620 million. We expect production to be back-half weighted, with sequential quarter-over-quarter improvements in copper production, notably at Pinto Valley.
Mantoverde Development Project (“MVDP”) remains on budget and on schedule. Construction is progressing well on all key areas of the project. Total project spend inception-to-date was approximately $654 million at the end of March 2023 of a total budget of $825 million.
Total available liquidity1 of $529.1 million as at March 31, 2023, composed of $101.1 million of cash and short-term investments, and $428.0 million of undrawn amounts on the corporate revolving credit facility.

https://capstonecopper.com/news/capstone-copper-reports-firs…


Schätzungen


https://www.theglobeandmail.com/investing/markets/stocks/CS-…