Capstone Mining Provides Pinto Valley Production Update

About this update from Capstone Copper Corp.

[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 3, 2013 /CNW/ - Capstone Mining Corp. (\"Capstone\") (TSX:\n CS) today announced production for the Pinto Valley Mine since it\n assumed ownership on October 11, 2013 from BHP Copper Inc., a\n subsidiary of BHP Billiton Ltd.\n\n\n\"The ramp up at Pinto Valley is progressing well,\" said Darren Pylot,\n Capstone President and CEO. \"We have been very pleased since taking\n over the operation on October 11. Reliability and availability are\n continuing to improve, giving us every confidence that we will achieve\n steady-state throughput, grade and recoveries by year-end 2013.\"\n\n\n\"Our focus in the fourth quarter continues to be on achieving\n steady-state operations, identifying opportunities for cost reductions\n and advancing the Preliminary Feasibility Study,\" continued Mr. Pylot.\n\n\nCapstone guided Pinto Valley projected production of 22 to 27 million\n pounds of contained copper for Capstone's 82 days of ownership in the\n fourth quarter of 2013. With the ramp up proceeding well, fourth\n quarter production is expected to be at, or above, the top end of\n fourth quarter guidance. There is no associated guidance with respect\n to cost, given the lack of recent steady-state historical cost\n information. A full report of fourth quarter production and 2014\n production guidance will be provided following year-end.\n\n\n\n\n\n\n\n \n\n\nOctober 11 to 31\n2013\n\n\nNovember\n2013 \n\n\nYTD \n(51 days)\n\n\n\n\nContained Copper Production in Concentrate (million lbs)\n\n\n7.3\n\n\n10.7\n\n\n18.0\n\n\n\n\nCopper Cathode Production (million lbs)\n\n\n0.3\n\n\n0.5\n\n\n0.8\n\n\n\n\nTotal Copper Production (million lbs)\n\n\n7.6\n\n\n11.2\n\n\n18.8\n\n\n\n\nThroughput (dry tonnes per day)\n\n\n44,900\n\n\n45,400\n\n\n45,200\n\n\n\n\n\n\n\nAbout Capstone Mining Corp.\nCapstone Mining Corp. is a Canadian base metals mining company,\n committed to the responsible development of our assets and the\n environments in which we operate. We are focused on copper, with three\n producing mines; the Pinto Valley copper-molybdenum mine located in\n Arizona, US, the Cozamin copper-silver-zinc-lead mine in Zacatecas\n State, Mexico and the Minto copper-gold-silver mine in Yukon, Canada.\n In addition, Capstone has two development projects; the large scale 70%\n owned Santo Domingo copper-iron-gold project in Region...

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