Capstone Mining Third Quarter 2018 Financial Results - Seite 2

   

                                            Q3 2018   Q3 2017   2018 YTD   2017 YTD
    Copper production (tonnes)
    Pinto Valley                             14,200    14,400     39,000     41,200
    Cozamin                                   4,400     4,200     12,200     12,500
    Total from continuing operations         18,600    18,600     51,200     53,700
    C1 cash cost [1]($/lb) produced
    Pinto Valley                               2.15      2.06       2.23       2.01
    Cozamin                                    0.87      1.10       0.76       1.21
    Consolidated from continuing operations    1.85      1.84       1.88       1.82

Pinto Valley performed as expected in the third quarter, with planned higher grade feeding the mill as scheduled. In the third quarter, Cozamin's copper production was higher than projected and zinc production increased from the second quarter as planned. Production and cost guidance from continuing operations remain unchanged.

Financial Overview 

   

                                         Q3 2018   Q3 2017   2018 YTD   2017 YTD
    Revenue from continuing
    operations [2]($ millions)             112.7     118.0      317.9      303.9

    Net income from continuing
    operations ($ millions)                  4.1       8.9       22.6        7.1
    Net income from continuing
    operations attributable to
    shareholders ($ millions)                4.3       8.9       23.4        7.2
    Net income from continuing
    operations attributable to
    shareholders per common
    share - basic and diluted ($)           0.01      0.02       0.06       0.02

    Adjusted net income (loss)
    from continuing operations [1]
    ($ millions)                             4.8      (5.6)      22.3      (14.4)
    Adjusted net income (loss)
    from continuing operations
    attributable to
    shareholders 1 ($ millions)              5.1      (5.5)      23.1      (14.3)
    Adjusted net income (loss)
    from continuing operations
    attributable to shareholders
    per common share 1 - basic and
    diluted ($)                             0.01     (0.01)      0.06      (0.04)

      Net income ($ millions)                  1.3      20.2       15.4       25.6
    Net income attributable to
    shareholders ($ millions)                1.5      20.3       16.2       25.6
    Net income attributable to
    shareholders per common share -
     basic and diluted ($)                   0.00      0.05       0.04       0.07

    Adjusted EBITDA from continuing
    operations1 ($ millions)                29.8      28.8       94.4       57.0

    Cash flow from operating
    activities 2 ($ millions)               15.3      41.7       76.9       67.7
    Cash flow from operating
    activities per common share 1,2 -
     basic ($)                               0.04      0.11       0.20       0.18
    Operating cash flow before changes
    in working capital [1],[2]
     ($ millions)                            25.9      41.4       81.3       91.6
    Operating cash flow before changes
    in working capital per
    common share [1],[2] - basic ($)        0.07      0.11       0.21       0.24

     Total assets ($ millions)            1,369.8   1,394.4    1,369.8    1,394.4
    Long term debt (excluding
     financing fees) ($ millions)           234.9     298.9      234.9      298.9
    Total non-current financial
    liabilities ($ millions)               231.7     294.4      231.7      294.4
    Net debt [1]($ millions)               170.3     184.7      170.3      184.7
    [2] In accordance with IFRS 5, Minto's results are excluded from revenue but included
    within cash flow amounts in both the current and comparative period.