Business
Capstone Mining Reports Record Cash Flow for 2014 Second Quarter
Operating cash flow before changes in working capital of $56.5 million Net earnings of ...
About this update from Capstone Copper Corp.
[{"type":"text","content":"\n\n\nOperating cash flow before changes in working capital of $56.5 million\nNet earnings of $16.6 million or $0.04 per share\n(All amounts in US$ unless otherwise specified)\n\n\nVANCOUVER, Aug. 7, 2014 /CNW/ - Capstone Mining Corp. (\"Capstone\") (TSX:\n CS) today announced its financial results for the three and six months\n ended June 30, 2014. Net earnings for the quarter were $16.6 million\n and operating cash flow before changes in working capital(1) was a record $56.5 million. Copper production for the quarter at\n Capstone's three operating mines, Pinto Valley, Cozamin and Minto,\n totalled 27,738 tonnes of copper in concentrates and cathode (26,785\n tonnes of payable copper) at a C1 cash cost(1) of $2.03 per payable pound of copper produced.\n\n\nCapstone will hold a conference call and webcast on Friday, August 8,\n 2014 at 11:30 am Eastern time (8:30 am Pacific time) to discuss these\n results; call-in details are provided at the end of this release. This release should be read in conjunction with Capstone's unaudited\n condensed interim consolidated financial statements and management's\n discussion and analysis (\"MD&A\") for the three and six months ended\n June 30, 2014, which are available on Capstone's website at: http://capstonemining.com/s/financial-statements.asp and on SEDAR. An updated corporate presentation, including results to\n June 30, 2014, will also be available at http://capstonemining.com/s/presentations.asp.\n\n\nNOTE: The transaction to acquire the Pinto Valley Mine closed on October 11,\n 2013 and therefore its results of operations are included in the\n Company's reported results from that date forward. As such, there are\n no comparable Q2 2013 or 2013 YTD figures for the Pinto Valley Mine.\n\n\nOverview\n\n\n\n\n \n\n\n Q2 2014 \n\n\n Q2 2013 \n\n\n 2014 YTD \n\n\n 2013 YTD \n\n\n\n\nRevenue ($ millions)\n\n\n171.7\n\n\n58.3\n\n\n332.5\n\n\n115.9\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 (tonnes)\n\n\n27,212\n\n\n8,765\n\n\n54,235\n\n\n17,195\n\n\n\n\nCopper cathode produced (tonnes)\n\n\n526\n\n\n-\n\n\n1,147\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 (tonnes)\n\n\n26,785\n\n\n8,419\n\n\n53,444\n\n\n16,530\n\n\n\n\nC1 ...