Capstone Mining Third Quarter 2018 Financial Results - Seite 3

Management Team Updates
As part of the strengthening and technical advancement of the Company's operations and projects, the corporate and Pinto Valley senior management teams have been strengthened with the recruitment of three key individuals.

Mike Wickersham has joined Pinto Valley as Mine General Manager. Mike is a Chemical Engineer with over 35 years of experience in the mining and mineral processing industry. Previously, Mike held a series of roles at Rio Tinto's Iron Ore Company of Canada (IOCC) as Vice President, Future Operations; Vice President, Northern Operations; and General Manager, Integration. Prior to that, he held mine and production management positions at Rio Tinto's Boron Operations and held technical and production roles across the production chain at Kennecott Utah Copper for 12 years.

In addition, Albert Garcia has been appointed as Vice President, Projects. Albert is a Professional Engineer with leadership experience in engineering, construction, mining and executive project management in large capital-intensive projects in challenging locations. Previously he was Senior Vice President and COO of Latin American Operations at AECOM and was the consultant Engineering Director on Capstone's Santo Domingo project in 2014. He has a PhD in Engineering from the University of Missouri-Columbia and a MS in Civil Engineering from San Jose State University. His immediate priority is to update the 2014 Santo Domingo Feasibility Study to reflect current economic and operational inputs.

As previously reported, Raman Randhawa will assume the CFO role effective January 1, 2019. Raman is a Canadian Chartered Professional Accountant (CPA, CA) with over 17 years of financial and leadership experience in the mining sector. Before joining Capstone, Raman spent 13 years at Goldcorp in a series of senior management roles and brings with him a unique mix of finance and operational experience in mining, finance, capital markets and business planning. Raman's transition is on track and James Slattery, Senior Vice-President and CFO, is expected to retire December 31, 2018 as planned.

Outlook - 2018 Production and Cost Guidance
Capstone's 2018 consolidated production guidance from continuing operations of 71,000 tonnes (±5%) of copper, consolidated C1 cash cost^[1] guidance from continuing operations of $1.75-$1.85 and all-in sustaining cost^[1] guidance from continuing operations of $2.50-$2.60 per payable pound produced remains unchanged. Pinto Valley's costs are expected to be slightly higher than guided, offset by lower than guided costs at Cozamin.