Business
Capstone Reports Record Revenue and Strong Earnings for 2010
Mar. 14, 2011 (Canada NewsWire Group) -- Gross Sales Revenue of $301.3m, N et Earnings o...
About this update from Capstone Copper Corp.
[{"type":"text","content":"\n\n\n Mar. 14, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nGross Sales Revenue of $301.3m, Net Earnings of $72.6m ($0.36 per share)\n(All amounts in US$ unless otherwise specified)\n\n\nVANCOUVER, March 14 /CNW/ - Capstone Mining Corp. (CS: TSX) today\n announced its financial results for the year ended December 31, 2010. \n Net earnings for the year were $72.6 million and cash flow from\n operating activities was $86.3 million.  Capstone ended the year with\n cash, restricted cash and short-term deposits on hand of $192.4\n million.  Copper production for the year at Capstone's two mines,\n Cozamin and Minto, totalled 73 million pounds of payable copper at an\n estimated total cash cost1 of $1.40 per payable pound. \n\n\nCapstone will hold a conference call Tuesday, March 15, 2011 at 11:30 am\n Eastern time (8:30 am Pacific time) to discuss these results; call-in\n details are provided at the end of this release.  This release should be read in conjunction with Capstone's year end 2010\n consolidated financial statements and management's discussion and\n analysis ("MD&A") which are available on Capstone's website at:\nhttp://capstonemining.com/s/FinancialStatements.asp. An updated corporate presentation, including results to December 31,\n 2010, is also available at http://capstonemining.com/s/Presentation.asp.\n\n\n2010 Overview\n\n\n\n\n \n\n\nTotal 2010\n\n\nTotal 2009\n\n\n\n\nGross sales revenue ($ millions)\n\n\n301.3\n\n\n250...