Capstone Copper Reports Third Quarter 2023 Results

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All amounts in US$ unless otherwise indicated

VANCOUVER, British Columbia — Capstone Copper Corp. (“Capstone” or the “Company”) (TSX: CS) today reported financial results for the nine months and quarter ended September 30, 2023 (“Q3 2023”). Copper production in Q3 totaled 40.3 thousand tonnes at C1 cash costs¹ of $2.88 per payable pound of copper produced. Link HERE for Capstone’s Q3 2023 webcast presentation.

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John MacKenzie, CEO of Capstone, commented, “I am encouraged by the progress we made during the third quarter in executing on our plan to improve operational reliability and expand margins across our portfolio. As construction at our flagship Mantoverde Development Project (“MVDP”) approaches completion by year-end, we look forward to a transformational year in 2024. Our excitement follows many years of dedicated effort by our mine build team in Chile. MVDP will drive a significant reduction in our consolidated unit costs and provide a pathway to record operating cash flow generation for Capstone Copper.”