Capstone Mining Corp. Announces Production Results for the Three and Twelve Months Ended December 31, 2017; Provides Production and Capital Expenditure Guidance for 2018
In 2018, Capstone expects to produce 90,000 tonnes (±5%) of copper at a C1 cash cost of $1.85 to $1.95 per pound of payable copper produced. Capital expenditures for 2018, including $24 million of capitalized stripping and $7 million of brownfield exploration, are expected to be $100 million or $0.50 per pound of payable copper produced. Consolidated all-in sustaining cost guidance is $2.50 to $2.60 per pound of payable copper produced. The subsequent two-year outlook is included to illustrate the overall trend of existing operations, excluding any further growth through project development or acquisition.