Business
Capstone Mining 2013 Third Quarter Continues to Deliver Strong Cash Flow
(All amounts in US$ unless otherwise specified) VANCOUVER , Oct. 30, 2013 /CNW/ - Ca...
About this update from Capstone Copper Corp.
[{"type":"text","content":"\n\n\n(All amounts in US$ unless otherwise specified)\n\n\nVANCOUVER, Oct. 30, 2013 /CNW/ - Capstone Mining Corp. (\"Capstone\")\n (TSX: CS) today announced its financial results for the three and nine\n months ended September 30, 2013. Capstone posted a net loss for the\n quarter of $4.6 million. Operating cash flow before changes in working\n capital(1) was $12.7 million. Capstone ended the quarter with cash on hand of\n $457.0 million. Copper production for the quarter at Capstone's two\n operating mines, Cozamin and Minto, totalled 18.9 million pounds in\n concentrates (18.2 million pounds of payable copper) at a C1 cash cost(1) of $1.57 per payable pound of copper produced.\n\n\nCapstone will hold a conference call and webcast on Thursday, October\n 31, 2013 at 11:30 am Eastern Time (8:30 am Pacific Time) to discuss\n these results; call-in details are provided at the end of this release.\n This release should be read in conjunction with Capstone's unaudited\n condensed interim consolidated financial statements and management's\n discussion and analysis (\"MD&A\") for the three and nine months ended\n September 30, 2013, which are available on Capstone's website at: http://capstonemining.com/s/financial-statements.asp and on SEDAR. An updated corporate presentation, including results to\n September 30, 2013, will also be available at http://capstonemining.com/s/presentations.asp.\n\n\nOverview\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nQ3 2013\n\n\n \n\n\nQ3 2012\n\n\n \n\n\n2013 YTD\n\n\n \n\n\n2012 YTD\n\n\nRevenue ($ millions)\n\n\n79.3\n\n\n \n\n\n93.0\n\n\n \n\n\n195.2\n\n\n \n\n\n233.1\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nCopper in concentrates produced (million lbs)\n\n\n18.9\n\n\n \n\n\n22.6\n\n\n \n\n\n56.9\n\n\n \n\n\n63.1\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nPayable copper produced (million lbs)\n\n\n18.2\n\n\n \n\n\n21.8\n\n\n \n\n\n54.6\n\n\n \n\n\n60.8\n\n\nC1 cash cost per payable pound of copper produced(1) ($)\n\n\n1.57\n\n\n \n\n\n1.50\n\n\n \n\n\n1.66\n\n\n \n\n\n1.44\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n&...