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Capstone Mining hosts analyst visit at Cozamin and Pinto Valley

Published by , Editorial Assistant
Global Mining Review,

Capstone Mining Corp. will be hosting a group of analysts for a site visit to the Company's Pinto Valley mine in Arizona and Cozamin mine in Zacatecas.

Pinto Valley is Capstone's flagship mine and is expected to produce 115 - 125 million lb of copper at a C1 cash cost of US$2.10 - US$2.25. To date, Pinto Valley has achieved US$10 million in sustainable annualised savings and is targeting an additional US$5 - US$10 million. Preliminary work for a PV4 expansion continues; PV4 is evaluating scenarios to take advantage of nearly one billion t of resources not currently in reserves and includes potentially expanding the mill by as much as 25% - 75% or higher.

Cozamin is Capstone's copper and silver mine, and is expected to produce 30 - 35 million lb of copper at a C1 cash cost of US$0.90 - US$1.05. The expansion development of a one-way ramp and additional ventilation is on track to be completed by the end of 2020, and is now expected to deliver 50 to 55 million lb of copper and 1.4 - 1.5 million oz of silver annually post ramp-up. Concurrently, Cozamin has commenced a large in-fill definition drilling programme targeting more than doubling of the current mine life.

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Copper mining news